Norway's central bank kept interest rates on hold at a 17-year high of 4.5% on Thursday, in line with most forecasts, as an unexpected resurgence of inflation led policymakers to postpone their previously stated plan for a cut.

Norway central bank postpones rate cuts as inflation rises

MORNING CALL: 4/4/25

(April 4): Oversea-Chinese Banking Corp.’s 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 centers.

Financial activities in Hong Kong are picking up...

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

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

Sweeping tariffs announced on Wednesday by U.S. 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 said in a statement on Thursday.

IMF chief says US tariffs represent significant risk to global outlook

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

TSMC, the world's largest contract...

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

Investors braced for further pain across global markets as US stocks and the dollar suffered their worst day in years after Donald Trump’s latest tariff measures sparked a global flight to haven assets.

Investors brace for more pain after US stocks meltdown, S&P 500 had its worst day since 2020

The director-general of the World Trade Organization (WTO) said new tariffs announced by the US along with those introduced at the start of the year could lead to a contraction of around 1% in global merchandise trade volumes in 2025.

WTO says tariffs could bring contraction of 1% in global merchandise trade volumes

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

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. 

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.

Fitch cuts China rating on weakening finances, debt concerns

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

Steel products maker Mayu Global Group Bhd (KL:MAYU) said its executive director Tan Kim Hee has been detained by the police.

He was held by Bukit Aman police on April 2 to assist in an ongoing investigation, said the group, formerly known as Atta Global Group Bhd, in a bourse filing.

Mayu Global executive director Tan Kim Hee detained by police

Heavyweight technology stocks led a broad selloff on Wall Street on Thursday after President Donald Trump's sweeping tariffs on major trade partners ignited fears of an all-out trade war and raised the risk of a global economic recession.

Wall Street plunges as Trump tariffs trigger recession fears

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

Mayu Global, Tuju Setia, Iskandar Waterfront City, TNB, HHRG

Loss-making Iskandar Waterfront City Bhd (KL:IWCITY) said it has been given a six-month extension until Sept 23 to submit its regularisation plan.

Iskandar Waterfront City gets six-month extension to submit regularisation plan

Investors braced for further pain across global markets as US stocks and the dollar suffered their worst day in years after Donald Trump’s latest tariff measures sparked a global flight to haven assets.

HHRG Bhd (KL:HHRG) said its 51%-owned subsidiary, MG Furniture Sdn Bhd, has applied for an interim injunction to restrain four directors from interfering in its operations and accessing its premises in Penang.

HHRG furniture unit seeks injunction to bar directors from accessing premises

Ho Hup Construction Company Bhd (KL:HOHUP) on Thursday said its subsidiary, Ho Hup Jaya Sdn Bhd, is offloading two floors in Ho Hup Tower to its substantial shareholder Insas Bhd, for RM13 million, with the proceeds to be used to repay borrowings and for general working capital.

Ho Hup sells Bukit Jalil office units for RM13 mil in related-party transaction

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

Donald Trump’s decision to boost tariffs on almost every country will deal a blow to China’s economy. But it’s also handing Xi Jinping a rare opening to deepen relationships across the board, including with key US allies in Asia and beyond.

Trump gives China’s Xi a chance to win over world hit by tariffs

Sweeping tariffs announced on Wednesday by U.S. 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 said in a statement on Thursday.

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.

The tiny southern African kingdom of Lesotho has been hit with a 50% reciprocal trade tariff by US President Donald Trump, the highest levy of any single state on his long list of target economies.

Lesotho, which Trump had ridiculed in March as a country "nobody has ever heard of", is a poor and landlocked country with a gross domestic product of just over US$2 billion.

Trump slaps tiny African kingdom of Lesotho with highest tariff of all

PMW International Bhd, which is involved in the trading and manufacturing of concrete products, is seeking to list on the ACE Market of Bursa Malaysia to raise funds to build a new facility in Sarawak.

Concrete products maker PMW International seeks ACE Market listing

Stellantis NV said on Thursday it was temporarily laying off 900 workers at five US facilities after President Donald Trump's tariffs were announced, and temporarily pausing production at an assembly plant in Mexico and one in Canada.

Stellantis says will temporarily lay off 900 US workers following tariff announcement

Tenaga Nasional Bhd (TNB) (KL:TENAGA) will implement its TNB Fire Relief Assistance programme, offering a one-off 100% rebate on one month’s electricity bill for customers whose homes were affected by the gas pipeline blaze in Putra Heights, Subang Jaya.

TNB announces one-month electricity bill rebate for Putra Heights fire victims

Britain on Wednesday published a 400-page list of US goods it could include in any possible retaliatory tariff response to President Donald Trump's levies on British imports, even as it pressed ahead with talks to reach an economic deal with Washington.

UK lists thousands of US goods which could face any retaliatory tariffs

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

China on Thursday urged the US to immediately cancel its latest tariffs and vowed countermeasures to safeguard its own interests, after President Donald Trump declared sweeping levies on US trading partners around the world.

China urges US to immediately lift tariffs, vows retaliation

French President Emmanuel Macron urged companies to pause investments in the US after President Donald Trump announced tariffs on the European Union (EU) and other regions.

France’s Macron urges EU companies to pause US investments

BEIJING (April 3): China's finance ministry on Thursday said China "deeply" regrets and does not recognise Fitch downgrading China's long-term foreign currency rating to "A" from "A+".

In a statement, the ministry said the decision "is biased and cannot fully and objectively reflect the...

Gwladys Fouche & Terje Solsvik