Nike shares fell more than 9% to their lowest since the pandemic on Friday after a warning of another quarter of sales decline sparked worries about the pace of a crucial turnaround at the sportswear giant under new CEO Elliott Hill.

Nike tumbles to five-year low as sales decline forecast clouds quick turnaround hopes

The US is exerting "unacceptable pressure" on Greenland, Denmark's Prime Minister Mette Frederiksen said on Tuesday, ahead of an unsolicited visit by a high-profile US delegation to the semi-autonomous Danish territory this week.

US visit to Greenland is unacceptable, Danish prime minister says

Executives from the world's top commodity trading houses expect a well-supplied oil market this year, with concerns remaining over global demand growth.

Top traders see oil market well supplied, soft prices this year

Canadian Prime Minister Mark Carney said his top cabinet ministers are in contact with White House officials and want to have “serious” negotiations about trade, as US trading partners brace for President Donald Trump’s next barrage of tariffs.

Carney says Canada wants to ‘get serious’ with Trump on trade talks

The Nvidia AI chip fraud case, which is allegedly linked to Malaysia, is still under investigation, and the Ministry of Investment, Trade and Industry (Miti) is fully cooperating with the investigation team, said its minister Tengku Datuk Seri Zafrul Abdul Aziz.

Nvidia AI chip fraud case under probe, Miti continues to cooperate with investigation team, says Zafrul

Ratings agency Moody's said on Tuesday that the US' fiscal strength is on track for a continued multi-year decline as budget deficits widen and debt becomes less affordable.

Moody's says US fiscal strength on course for continued decline 

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

Velesto, Astro, Binastra, MCE Holdings, Axiata, Cape EMS, Malton, Press Metal, Capital A, KNM, Ge-Shen, Tex Cycle, K Seng Seng

Europe’s dependency on the US and China for computer hardware and cloud services puts its car industry at risk as vehicles become reliant on artificial intelligence (AI), a Mercedes-Benz Group AG executive said.

Europe’s carmakers too reliant on US, China tech, Mercedes says

Prime Minister Datuk Seri Anwar Ibrahim has given the green light and opportunity to Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz to take over as the new President of the Badminton Association of Malaysia (BAM) for the 2025-2029 term.

Anwar gives Zafrul green light to helm Badminton Association of Malaysia

British police said a fire which caused Heathrow Airport to close for 18 hours last week was no longer being treated as a potentially criminal matter.

Heathrow Airport fire not a criminal matter, UK police say

EToro Group Ltd filed for an initial public offering, disclosing revenue and net income that soared last year.

EToro files for IPO showing commissions jumped 46% last year 

The National Cyber Security Agency (Nacsa) and Malaysia Airports Holdings Bhd (MAHB) in a joint release on Tuesday confirmed that the Kuala Lumpur International Airport’s (KLIA) computer systems were attacked on March 23, but assured that its operations are not affected.

KLIA computer systems attacked on March 23, operations unaffected — Nacsa

Velesto Energy Bhd (KL:VELESTO) has announced a RM1.2 billion share capital reduction aimed at enhancing its capital structure and preparing for potential future distributions to shareholders.

Velesto Energy proposes RM1.2b capital reduction

UK-based investment company Aberdeen Group plc, formerly known as Abrdn plc, has become a substantial shareholder in Eastern &amp; Oriental Bhd (KL:E&amp;O) after increasing its stake to 5.047%, representing 125.66 million shares.

Aberdeen emerges as substantial shareholder in Eastern & Oriental

Astro Malaysia Holdings Bhd (KL:ASTRO) closed its financial year ended Jan 31, 2025 (FY2025) with a threefold increase in net profit despite a drop in the last quarter.

Astro closes FY2025 with higher full-year net profit despite 4Q drop

If you’re a Malaysian Muslim saver, March is that time of year when one number matters more than most: Tabung Haji’s (TH) dividend. And this year, the number is 3.25% — the highest in seven years.

The bigger picture behind Tabung Haji’s dividend announcement

KUALA LUMPUR (March 25): Cape EMS Bhd (KL:CEB), which reported its first annual loss in the financial year 2024, has partnered with Taiwan’s Aerospace Industrial Development Corporation (AIDC) to enter the aerospace parts manufacturing industry and expand its renewable energy business.

...

Cape EMS teams up with Taiwanese aerospace firm to enter into aerospace parts, expand renewable energy

The Nvidia AI chip fraud case, which is allegedly linked to Malaysia, is still under investigation, and the Ministry of Investment, Trade and Industry (Miti) is fully cooperating with the investigation team, said its minister Tengku Datuk Seri Zafrul Abdul Aziz.

AirAsia Aviation Group Ltd, the short-haul aviation business of Capital A Bhd (KL:CAPITALA), is set to introduce more than 30 new routes in 2025 as it seeks to achieve full network capacity and frequency recovery to pre-pandemic levels by the end of the year.

AirAsia targets full pre-pandemic capacity by end-2025, to launch over 30 new routes

Oil and services firm KNM Group Bhd (KL:KNM), whose share price has been trading at its lowest over the last two weeks, said its indirect wholly-owned subsidiary is being sued by MBSB Bank Bhd for allegedly defaulting on a RM116.13 million Islamic financing facility.

MBSB Bank demands to auction KNM’s land in Kuantan over RM116m debt 

KUALA LUMPUR (March 25): The High Court on Tuesday recorded a consent judgement between Synergy Promenade Sdn Bhd and former Federal Land Development Authority (Felda) chairman Tan Sri Shahril Abdul Samad in a defamation suit filed by Synergy Promenade in 2018 over the KL Vertical City project (KLVC project).

High Court records consent judgement between Synergy Promenade and Shahrir over defamation regarding KL Vertical City project

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

Prudential Assurance Malaysia Bhd issued a statement on Tuesday to reaffirm its commitment to Bank Negara Malaysia’s (BNM) interim measures that were announced last December to stagger the increase in medical insurance premiums, after several lawmakers demanded an explanation from the insurer about the planned premium hike for its medical health plans next month.

Prudential reaffirms commitment to BNM's interim measures after lawmakers demand explanation about planned premium hike

The Foreign Ministry said on Tuesday that no new visa restrictions have been imposed on Malaysian citizens travelling abroad.

Foreign Ministry says no new travel restrictions imposed on Malaysians

The Medical Device Authority (MDA) has banned the online sale of optical devices and contact lenses on e-commerce platforms, reportedly to protect the health and safety of users'&nbsp;vision.

Ban on online sale of optical devices, contact lenses

Press Metal Aluminium Holdings Bhd’s (KL:PMETAL) 21.75%-owned Hong Kong unit, Nanshan Aluminium International Holdings Ltd (NAIHL), had a soft debut on the Hong Kong Stock Exchange (HKEX) on Tuesday, registering a 5.08% drop in share price.

Press Metal’s HK unit debuts on Main Board of Hong Kong Stock Exchange

Malaysia must strengthen horizontal linkages among its semiconductor firms and related industries to bolster the country's position in the global supply chain amid growing geopolitical uncertainties and trade tensions, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

Deputy minister urges greater horizontal linkages among Malaysian semicon firms amid rising trade tensions

Axiata Group Bhd (KL:AXIATA) said shareholders of PT XL Axiata Tbk (XL Axiata), PT Smartfren Telecom Tbk and PT Smart Telcom (SmartTel) have approved the proposed merger to establish Indonesia’s third-largest telecommunications company by subscriber base.

Indonesian shareholders approve XL Axiata-Smartfren merger to establish country’s third-largest telco

National badminton legend Datuk Lee Chong Wei is confident that Tengku Datuk Seri Zafrul Abdul Aziz, who has been nominated for the Badminton Association of Malaysia&nbsp;(BAM) president's post, has the competency to take the sport to a higher level.

Chong Wei: Vastly experienced Zafrul capable of helming Badminton Association of Malaysia

The recent cyber attack on Malaysia Airports Holdings Bhd (MAHB), where hackers allegedly demanded a US$10 million (RM44.37 million) ransom, was not just an attack on a corporation — it was an attack on Malaysia’s national security.

Cybersecurity is national security: Why Malaysia needs a legal framework for cyber warfare

Construction company Binastra Corp Bhd (KL:BNASTRA) reported a 63.2% year-on-year jump in its fourth quarter net profit, as revenue surged 73.9% on higher construction activities and the commencement of 12 new projects during the financial year. The group also declared its first dividend in seven years.

Ananya Mariam Rajesh & Aishwarya Venugopal