Spanish oil and gas company Repsol has agreed to sell its exploration and production assets in Malaysia and in Block 46 CN in Vietnam to a wholly-owned subsidiary of Hibiscus Petroleum Bhd.

In a filing with Bursa Malaysia, Hibiscus said its indirect unit Peninsula Hibiscus Sdn Bhd has signed a sale and purchase agreement (SPA) with Repsol to acquire the entire equity interest in Fortuna International Petroleum Corp for US$212.5 million cash

Hibiscus to buy upstream assets from Spanish oil major Repsol for US$212.5 mil

KUALA LUMPUR (Jan 29): The FBM KLCI erased early gains to trade 0.1% lower at noon today, as investors turned to profit-taking at glove counters and healthcare providers, after the recent rally arising from the Wuhan virus scare.

At 12pm, the benchmark index was 1.55 points lower at 1550.13 points, en route to extend its losses for the seventh trading day.

Glove makers, healthcare stocks take a breather after recent rally on Wuhan coronavirus

KUALA LUMPUR: Another questionable land transaction conducted by the previous federal government was reported yesterday, one that allowed the finance ministry (MoF) to cash in at least RM780 million just by being a middleman.

Primary Industries Minister Teresa Kok revealed that in Octob...

MoF bagged RM780m as middleman in land sale to EPF

KUALA LUMPUR: After its recent proposal to sell off half of its profitable exploration and production (E&P) segment to a foreign firm, Sapura Energy Bhd has now set its sights on a deal for its loss-making offshore drilling business.

President and group chief executive officer (CEO)...

Sapura Energy eyes deal for drilling segment

WASHINGTON (April 3): Mexico's "cool-headed" approach to US President Donald Trump's tariff offensive has paid off in preferential treatment in his sweeping tariff announcement this week, and a close working relationship with his trade team, Mexico's deputy economy secretary told Reuters on Thursday.

Mexico says 'cool-headed' approach to Trump's tariffs has paid off

South Korean President Yoon Suk Yeol was ousted by the Constitutional Court on Friday, which upheld parliament's impeachment motion over his imposition of martial law last year that sparked the country's worst political crisis in decades.

South Korea's President Yoon ousted as court upholds impeachment after martial law 

Gold prices fell on Friday as investors reassessed their risk outlook in the wake of US President Donald Trump's tariff measures, which have provided more clarity on market trends but raised concerns over economic slowdown.

Gold falls as risk appetite dwindles on Trump's tariff clarity 

OTTAWA (April 3): Canadian Prime Minister Mark Carney announced a limited set of counter measures against US tariffs on Thursday, while calling US President Donald Trump's protectionist moves a tragedy for global trade.

Canada unveils limited counter measures against US, calls Trump’s move a tragedy

The yield on benchmark treasuries fell briefly below 4% for the first time since October as Wall Street fretted that the US economy will end up worse off from President Donald Trump’s trade war.

US 10-year yield drops below 4% for first time since Trump won

Depending on one’s perspective, the Littoral Combat Ship (LCS) episode, the Ministry of Defence’s naval shipbuilding project, is at once a failure and a success.

The ferocity of criticism that followed the report of the parliamentary Public Accounts Committee on the matter in 2022 had l...

The Hedgehog and The Fox: Bringing economics into our defence procurement

SHAH ALAM (April 4): Selangor police are investigating an individual for unlawfully using the honorary title Darjah Kebesaran Sultan Selangor "Datuk Seri", said Selangor police chief Datuk Hussein Omar Khan.

Police investigating individual using ‘Datuk Seri’ title on social media

KUALA LUMPUR (April 3): A company director lost RM5.5 million after allegedly falling victim to a foreign exchange (forex) transaction scam.

Forex transaction scam: Company director loses RM5.5m

At a cattle auction in Australia's lush Southern Highlands, an auctioneer shouts from a gantry over the din of nearly 2,000 cows waiting to be bought.

Australian beef farmers say Trump tariffs to boost price of US hamburgers

KUALA LUMPUR (April 4): A slowdown in demand for goods due to US President Donald Trump’s sweeping tariffs is a key downside risk for Westports Malaysia Bhd (KL:WPRTS) in 2025, according to CGS International.

Trump’s tariffs could significantly slow demand for goods, posing downside risk to Westports in 2025 — CGS International

(April 3): Intel and Taiwan Semiconductor Manufacturing Co (TSMC) have reached a preliminary agreement to form a joint venture to operate the US chipmaker's factories, the Information reported on Thursday, citing two people involved in the discussions.

Intel, TSMC tentatively agree to form chipmaking joint venture — report

WASHINGTON/OTTAWA (April 3): Countries around the world threatened to ratchet up a trade war with the United States on Thursday, as US President Donald&nbsp;Trump's sweeping tariffs ignited fears of steep price&nbsp;increases&nbsp;in the world's largest consumer market.

Trump tariffs provoke world condemnation and fears of a US$2,300 iPhone

New Civil Liberties Alliance, a conservative legal group, on Thursday filed what it said was the first lawsuit seeking to block Donald Trump's tariffs on Chinese imports, saying the US president overstepped his authority.

Trump administration sued over Chinese import tariffs

Shares of Greatech Technology Bhd (KL:GREATEC) fell on Friday and extended its decline into a third day amid earnings concerns, following the announcement of US reciprocal tariffs.

Greatech extends loss amid earnings concern following sweeping US tariffs

SINGAPORE (April 4): Stocks&nbsp;limped to the end of the week on Friday, the dollar was set for its worst week in a month, while gold flirted with a record peak as investors feared US President&nbsp;Donald Trump's&nbsp;sweeping tariffs would tip the global economy into a&nbsp;recession.

Shares bruised, dollar crumbles as Trump tariffs stir recession fears

WASHINGTON (April 3): Sweeping tariffs announced on Wednesday by US&nbsp;President Donald Trump pose a significant risk to the global economy, at a time when growth has been sluggish, the head of the International Monetary Fund (IMF) said in a statement on Thursday.

IMF chief says US tariffs represent significant risk to global outlook

KUALA LUMPUR (April 4): Malaysia’s economy may expand at a slower pace than expected this year, as the latest US tariff measures hurt export-oriented factories in the country.

Malaysia’s economy to expand at slower pace, economists race to cut growth forecasts

Suppliers to Apple Inc are following the iPhone maker lower on Thursday, as the Trump administration’s tariff announcement spurs widespread selling.

Apple is seen as especially vulnerable to the tariffs given it counts China as a major manufacturing hub, and Trump’s country-specific levies included a sharp hike on China.

Apple suppliers tumble as tariffs hit iPhone supply chain

Asia is bearing the brunt of new US tariffs which will drag on regional growth through weaker business investment and sentiment, requiring central banks to step in with more interest-rate cuts, economists reckon.

Asia bears brunt of Trump tariffs, needs monetary policy easing — economists

South Korean President Yoon Suk Yeol was ousted by the Constitutional Court on Friday, which upheld parliament's impeachment motion over his imposition of martial law last year that sparked the country's worst political crisis in decades.

(April 4): Shares in Ansell reversed course on Friday after having tumbled 25% from their February highs in the previous session, as the company unveiled plans to fully offset the tariff increases through pricing.

Aussie glove maker Ansell stands to lose most with Trump's 'Liberation Day' tariffs

KUALA LUMPUR (April 4): A slowdown in demand for goods due to US President Donald Trump’s sweeping tariffs is a key downside risk for Westports Malaysia Bhd (KL:WPRTS) in 2025, according to CGS International.

NEW YORK/BENGALURU (April 3): Wall Street benchmarks slumped on Thursday, ending with the largest single-day percentage losses in years, as US President Donald Trump's&nbsp;sweeping tariffs&nbsp;ignited fears of an all-out trade war and a global economic recession.

Wall Street ends with heavy losses as Trump tariffs ignite global recession fears

The US stock market is down almost 10% since President Donald Trump’s inauguration, marking the worst 10-week start under a new president since George W Bush in 2001 during the height of the dot-com selloff.

Trump’s second term brings worst stock market start since 2001

Blackstone Inc is considering selling of a pair of AirTrunk data centres in Sydney and Melbourne, following its acquisition of the company in December, according to people with knowledge of the matter.

Blackstone said to be mulling sale of two AirTrunk data centres

Prices of rice shipped from Thailand declined to an over three-year low this week due to US President Donald Trump's move to impose import tariffs and an existing market surplus, while India's export prices neared a two-year low on subdued demand.

Trump's tariffs, surplus sink Thai rice prices to over three-year low

(April 4): Oversea-Chinese Banking Corp’s (OCBC) private-banking arm is considering adding between 20 and 30 relationship managers this year for its Greater China team, marking a substantial expansion in one of the world’s major wealth centres.

OCBC’s private bank seeks more staff for greater China expansion

Wall Street economists said the US risks a recession this year and inflation could return to pandemic levels following the Trump administration’s announcement of major tariffs on global trading partners.

Economists slash US growth, boost inflation forecasts on tariffs

Fitch Ratings downgraded China’s sovereign rating on concerns over weakening finances and rising public debt, just one day after the US imposed higher tariffs on the country.&nbsp;

The cut takes China’s long-term foreign currency default rating to "A" from "A+" with a stable outlook, Fitch said in a statement on Thursday. China’s Finance Ministry responded with a strong rebuke, describing the decision as biased and not reflective of reality.&nbsp;

Fitch cuts China rating on weakening finances, debt concerns

KUALA LUMPUR (April 3): A company director lost RM5.5 million after allegedly falling victim to a foreign exchange (forex) transaction scam.&nbsp;

Adam Aziz & Arjuna Chandran Shankar