One of the most popular ETFs in emerging markets is quickly falling out of favour after a stellar two-year run as investors reassess the outlook amid global growth concerns and simmering trade tensions.

Hottest emerging ETF sees record outflows as China gains

US President Donald Trump has told members of his Cabinet and other close contacts that tech billionaire Elon Musk will soon step back from his cost-cutting government role, Politico reported on Wednesday, citing three people close to Trump.

Trump tells Cabinet, others that Musk will leave soon, reports Politico 

The Construction Industry Development Board Malaysia (CIDB) has issued an apology and retracted its earlier media statement on the gas pipeline inferno in Putra Heights, Subang Jaya.

CIDB issues apology, retracts statement on devastating gas pipeline inferno

Over 30 hours after the gas pipeline fire on Jalan Putra Harmoni, Putra Heights, Subang Jaya, which startled the nation on Tuesday morning, attention has now shifted to the investigation into the incident’s cause and the safety checks being conducted at the scene.

Gas pipeline fire: Cause of fire under investigation as safety checks continue

The European Union (EU) is preparing a package of potential emergency measures to support parts of its economy that could be hit the hardest by US President Donald Trump’s sweeping tariffs, according to people familiar with the matter.

EU eyes emergency plans to shield economy from Trump tariffs — Bloomberg

When Geely listed Volvo Car AB in 2021, Li Shufu hailed the turnaround of the “tiger” that he’d bought 11 years earlier, and said the job now was to “give that tiger wings”.

Volvo’s billionaire owner Li faces pressure for new growth plan

Boeing Co chief executive officer Kelly Ortberg said the US planemaker has implemented sweeping changes to reduce the number of defects and hitches in its production line, as he faced questions from US senators about the company’s recovery from several high-profile accidents.

Boeing has made ‘drastic’ changes to root out defects, CEO says

The UK will be hit by the global impact of US tariffs even if ministers succeed in their mission to secure an exemption for British goods, Chancellor of the Exchequer Rachel Reeves said.

Reeves says Trump’s tariffs will hurt UK even if Britain secures US deal

Tesla Inc’s vehicle sales fell 13% last quarter to an almost three-year low, as the carmaker made over its most important model and dealt with international backlash against Elon Musk.

Tesla sales drop to lowest since 2022 amid Musk backlash

US private payrolls increased more than expected in March, but that did not change economists' views that the labour market was slowing against the backdrop of mounting economic uncertainty due to tariffs.

US private payrolls growth beats expectations in March

President Donald Trump has launched an aggressive economic strategy reminiscent of the 1985 Plaza Accord, aiming to weaken the US dollar and rebalance global trade in America’s favour. Dubbed the Mar-a-Lago Accord, this initiative seeks to tackle what Trump sees as the overvaluation of the dollar — an issue he believes has contributed to America’s persistent trade deficits and weakened its manufacturing sector.

From the Plaza Accord to the Mar-a-Lago Accord: Trump’s high-stakes gamble to reshape global trade and currency markets

KUALA LUMPUR (April 2): The police will soon call in the contractor who is believed to have carried out development work near the site of the gas pipeline fire at Jalan Putra Harmoni, Putra Heights, Subang Jaya on Tuesday, after confirming their identity.

Police to investigate contractor in connection with gas pipeline fire at Putra Heights

Just when the chapter on MBI was about to be reduced to a page in the history books of investment scams in Malaysia, the investigation into the money trail of one of the longest-running pyramid schemes in the country came back to life.

It restarted two weeks ago with the police summonin...

Alternative Views: Questions abound as the ghost of MBI walks again

Indah Water Konsortium Sdn Bhd (IWK) has firmly denied any relation to the gas pipeline fire in Putra Heights, Subang Jaya, on Tuesday.

Indah Water denies responsibility for Putra Heights gas pipeline fire

RHB Banking Group has announced a strategic organisational realignment, involving key leadership changes across five senior roles, as part of its new three-year corporate strategy (2025-2027), known as “PROGRESS27”.

RHB announces organisational realignment to drive growth

T7 Global Bhd (KL:T7GLOBAL) said on Thursday that to the best of its board’s knowledge there is no ongoing investigation into the company.

Responding to a query from Bursa Malaysia Securities regarding Tan Sri Tan Kean Soon’s sudden resignation as T7 Global's executive deputy chairman, the company said it had only received his resignation letter and that he had not informed the company of any investigation.

T7 Global: No ongoing investigation into company

A brief recap of some corporate announcements that made the news on Wednesday.

Petronas Gas, Gas Malaysia, IJM, Rohas Tecnic, T7 Global, ICT Zone Asia, Capital A, YNH Property, OCK Group

As risk aversion rises, investors are increasingly seeking shelter in Malaysian bonds to weather the slump on Bursa Malaysia and other stock markets.

Investors turn to bonds amid Bursa rout

The Construction Industry Development Board (CIDB) has confirmed that no construction activities were taking place at the gas pipeline explosion site in Putra Heights, Subang Jaya, at the time of the incident on Tuesday.

No construction work at gas pipeline fire site — CIDB

KUALA LUMPUR (April 2): Rising United States&nbsp;tariffs are expected to affect growth across Asia Pacific (Apac), according to S&amp;P Global Ratings’ latest economic update.

US tariffs expected to affect Asia Pacific economic growth – S&P Global

Gas Malaysia Bhd (KL:GASMSIA) on Wednesday said it has cut back on gas supply to several areas to manage supply disruptions brought about by the temporary closure of gas facilities due to the gas pipeline blaze incident in Putra Heights on April 1, assuring that it will not have a material impact on earnings this financial year.

Gas pipeline blaze: Gas Malaysia reduces supply to some areas, assures minimal impact on earnings 

QSR Brands (M) Holdings Bhd, the operator of KFC restaurants across Malaysia, Singapore, Brunei, and Cambodia, said there are "no sales process currently being pursued or planned" by the group, and that it has been seeing encouraging signs of recovery in the first quarter of 2025 (1Q2025).

KFC operator QSR Brands says no sales process being pursued or planned

A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI up 0.85% to 1,526.52 on April 2, 2025

Malaysia is working towards expanding its flight connectivity to Europe, said Transport Minister Anthony Loke.

Malaysia to expand flight connectivity to Europe — Loke

International law firm Simmons &amp; Simmons LLP has signed a 20-year lease as the anchor tenant at IJM Corp Bhd’s (KL:IJM) commercial property at 25 Finsbury Circus in London.

IJM secures Simmons & Simmons as anchor tenant at 25 Finsbury Circus, London

US President Donald Trump's planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, European Central Bank (ECB) head Christine Lagarde said on Wednesday.

Trump's tariffs will be negative the world over, says ECB's Lagarde

US President Donald Trump's new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout.

Trump's reciprocal tariff plan amplifies risk of ocean shipping chaos, executives say

KUALA LUMPUR (April 2): CIMB, Bank Islam and Etiqa&nbsp;have come forward to assist the victims&nbsp;impacted by the fire incident in Putra Heights, Selangor&nbsp;on Tuesday (April 1), through various relief assistance plans.

CIMB, Bank Islam, Etiqa to assist Putra Heights fire incident victims

US stock indices recovered from morning losses to trade modestly higher on Wednesday as investors awaited US President Donald Trump's sweeping tariff announcements.

Wall Street steadies ahead of Trump's tariff plans

Myanmar’s military said it fired “warning shots” at a vehicle convoy from the Red Cross Society of China bringing aid to the central areas of the country devastated by Friday’s earthquake, which has killed more than 2,800 people.

Myanmar military fires ‘warning shots’ at Chinese relief convoy

A condominium glut in Bangkok is set to worsen after a deadly earthquake in neighbouring Myanmar damaged thousands of skyscrapers in the Thai capital, spooking prospective buyers.

Carolina Wilson, Zijia Song & Ye Xie