<div class=newsTextDataWrapInner><p>WELLINGTON (Feb 7): Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler announced on Tuesday he would not be seeking a second term at the helm of the central bank when his current five-year term ends on Sept 26.</p></div>

<div class=newsTextDataWrapInner><p>The RBNZ will begin the process to pick a successor later in the year and Grant Spencer, deputy governor and head of financial stability, will serve a six-month term as acting governor while the search is conducted.</p></div>

<div class=newsTextDataWrapInner><p>&quot;It was my intention, when I was appointed, to serve one term, and then to take on governance roles,&quot; Wheeler said in a statement announcing he was stepping down.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The New Zealand dollar slipped to US$0.7307 from around US$0.7318 after the announcement.</p></div>

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WELLINGTON (Feb 7): Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler announced on Tuesday he would not be seeking a second term at the helm of the central bank when his current five-year term ends on Sept 26.

The RBNZ will begin the process to pick a successor later in the yea...

New Zealand c.bank chief to retire, deputy to stand in

New-home sales in the US rebounded last month as builders and consumers sealed deals that had been delayed by storms in the South, and buyers took advantage of heavy sales incentives.

Sales of new single-family homes increased 5.9% last month to a 664,000 annualised rate, according to government data issued on Monday.

US new-home sales rebound in November after storm-stricken month

The Malaysian Communications and Multimedia Commission (MCMC) is taking immediate action to address scams relating to MyPR (Red IC) application on Facebook, said Deputy Communications Minister Teo Nie Ching.

Deputy minister urges caution, vows swift action against red IC scams

US consumer confidence unexpectedly sank in December for the first time in three months on concerns about the outlook for the economy amid uncertainty around the Trump administration’s policies.

US consumer confidence falls as politics weigh on outlook

Daiwa Securities Group Inc may need more time to achieve profit in China, according to the head of Japan’s second biggest brokerage, reflecting how investment banks continue to struggle on the mainland.

Daiwa’s China venture may take longer to make profit, says CEO 

Wall Street's main indexes were mixed at the start of a holiday-shortened week on Monday, after a stopgap government funding bill averted a partial shutdown and investors braced for a slower pace of rate cuts from the US central bank next year.

Wall Street opens mixed as holiday-shortened week starts

Luigi Mangione, the man accused of fatally gunning down UnitedHealth Group executive Brian Thompson on a Manhattan street, pleaded not guilty on Monday to New York state murder charges that brand him a terrorist.

Suspect in UnitedHealth executive's killing pleads not guilty to murder, terrorism charges

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

KLCCP Stapled, Tuju Setia, Coastal Contracts, Powerwell, Prolintas, Malayan Flour Mills, Malakoff, Heitech Padu, Supercomnet, ECM Libra, Esthetics International 

The Energy Commission (EC) was to inform winners of the fifth large scale solar bidding round (LSS5) beginning Monday, following nine months of deliberation since it was opened in April this year.

Energy Commission says LSS5 bids finalised but mum on winners

Walmart Inc and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers without their consent, a US consumer protection agency said on Monday.

CFPB sues Walmart, fintech partner for illegal account openings

Orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a year.

Orders for US business equipment rise by most in over a year

<p>HeiTech Padu Bhd (KL:HTPADU) said on Monday that its group managing director and group chief executive officer, Salmi Nadia Mohd Hilmey, is resigning voluntarily&nbsp;from all positions within the company, effective from Dec 31.</p>


HeiTech Padu deputy chairman's daughter relinquishes all positions

<p>The government on Monday announced an additional rooftop solar quota under the net energy metering (NEM) mechanism for households (NEM Rakyat) and the commercial and industrial segment (NEM Nova).</p>


Govt adds rooftop solar quota again; household rebate extended until April

<p>ECM Libra Group Bhd’s (KL:ECM) 50%-owned unit OHG Services Sdn Bhd will pay Malaysia Airports (Sepang) Sdn Bhd RM29.9 million to extend its concession agreement to manage and operate a 'limited-service hotel' at the Kuala Lumpur International Airport (KLIA) for another 35 years.</p>


ECM Libra unit pays RM30m to extend hotel concession in KLIA for another 35 years

<p>Capital A Bhd is in discussions with aircraft manufacturers Airbus, Embraer and Comac to purchase new aircraft as part of its expansion strategy for its airline operations under the AirAsia brand.</p>


AirAsia in talks to buy new aircraft as part of expansion strategy — Tony Fernandes

<p>Capital A Bhd is expected to exit Practice Note 17 (PN17) status by the first quarter of next year after submitting its proposed regularisation plan to Bursa Malaysia Securities Bhd on Monday.</p>


Capital A to exit PN17 status by 1Q2025, says CEO

<p>Public approval for Prime Minister Datuk Seri Anwar Ibrahim rose to 54% after two years in power, according to the latest polling published by the research house Merdeka Center last Friday.</p>


Public approval for Anwar, unity govt rises in second year, survey shows

<p>Power and water company Malakoff Corp Bhd (KL:MALAKOF) has redesignated its executive vice-chairman Tan Sri Che Khalib Mohamad Noh as non-independent non-executive chairman, effective from January 2025.</p>


Malakoff redesignates Che Khalib as non-executive chairman

<p>Two commercial projects by S P Setia Bhd (KL:SPSETIA) namely Pines Avenue at Setia EcoHill 2 and Baris Place 2 at Setia Mayuri, both located in Semenyih, Selangor, have been fully taken up, according to a statement on Monday.</p>


Two recently launched commercial projects in Semenyih by S P Setia fully taken up

<p>Oil and gas services provider Coastal Contracts Bhd (KL:COASTAL) said a consortium led by the group has secured the bid to develop a 15MWac large-scale solar photovoltaic (PV) plant on Sabah's east coast.</p>


Coastal Contracts consortium wins bid for Sabah LSS power plant project

<p>Asian investors should focus back on the domestic economy, and countries such as Malaysia, India, Indonesia, and Thailand have favourable demographics to support domestic consumption, said British asset management firm Schroders.</p>


Investors should refocus on Asia's economy, Malaysia's domestic spending — Schroders

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


<p>The Biden administration on Monday announced a last-minute trade investigation into Chinese-made "legacy" semiconductors that could heap more US tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear.</p>


Biden launches new US trade probe into legacy Chinese chips

<p>Electrical products manufacturer Powerwell Holdings Bhd (KL:PWRWELL) has secured a RM27 million contract to supply low-voltage switchboards for a data centre project in Malaysia.</p>


Powerwell wins RM27m contract to supply switchboards for data centre

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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>Greenland is not for sale, its elected leader said on Monday, responding to comments made by US President-elect Donald Trump regarding the "ownership and control" of the vast Arctic island that has been part of Denmark for over 600 years.</p>


Greenland is not for sale, its leader says in response to Trump

<p>Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve.</p>


Musk makes ‘overstaffed’ US Fed target in quest for efficiency

<p>The Energy Commission (EC) was to inform winners of the fifth large scale solar bidding round (LSS5) beginning Monday, following nine months of deliberation since it was opened in April this year.</p>


<p>KL-Kuala Selangor Expressway Bhd (Latar), previously known as Lebuhraya Assamjawa Taman Rimba Bhd, has initiated legal action to enforce an arbitration award totalling RM46.13 million against highway concessionaire Prolintas Expressway Sdn Bhd, a subsidiary of Prolintas Infra Business Trust (KL:PLINTAS).</p>


Latar goes to court to enforce RM46 mil arbitration award against Prolintas

<p>TALKS about Australian real estate group Lendlease looking to sell part of its stake in the Tun Razak Exchange (TRX) development in Kuala Lumpur have been going on since early this year, according to industry sources.</p>

<p>The Edge understands that Lendlease is looking for co-investors for T...

Australia’s Lendlease in talks to pare down stake in TRX development

<p>China's domestic demand is gathering pace as cautious consumers increasingly choose to rent items from cameras to handbags rather than buying them, the official <i>People's Daily</i> said, though government data tell a different story.</p>
