Apple Inc lost its fight at Germany’s top civil court to overturn a regulator’s decision to put it under tighter antitrust scrutiny alongside other US tech giants.

Apple loses top court fight over German antitrust crackdown

For months, President Prabowo Subianto’s moves to chip away at Indonesia’s long-established economic guardrails have stoked anxiety in markets. This week’s sudden rout suggests investor patience is wearing thin.

Prabowo faces investor revolt over Indonesia’s economic path

South Korean chemicals companies are racing to tap new markets after racking up hundreds of millions of dollars in losses in the face of a deluge of capacity from China, their biggest market.

South Korean plastics giants struggle as China becomes a rival

Shares of Lim Seong Hai Capital Bhd (KL:LSH) fell 17% on its first-ever trades on the ACE Market after the construction firm raised RM168.08 million as part of its transfer from the LEAP Market.

Lim Seong Hai Capital opens 17% lower on ACE Market debut

From the Philippines to Senegal, billions of people are finding it easier to feed their families now that rice prices have plunged off 15-year highs.

Rice price drop brings relief to billions, risk for farmers

Japan's core inflation hit 3.0% in February and an index stripping away the effect of fuel rose at the fastest pace in nearly a year, a sign of broadening price pressure that reinforces market expectations of further interest rate hikes.

Japan's core inflation hits 3% in February, keeps alive BOJ rate-hike bets

MORNING CALL: 21/3/25

Oil advanced after the US ramped up measures to hobble Iran’s crude exports, increasing pressure on Tehran amid a push for a new nuclear accord.

Oil advances as US ramps up sanctions against Iranian crude

The Bank of Thailand, which has long resisted interest-rate cuts despite immense political pressure, may end up having to embark on the region’s most aggressive easing cycle as a sluggish economy takes a turn for the worse, according to analysts.

Thailand may yet embark on Southeast Asia's most aggressive rate cuts

Asian equities were primed to track declines on Wall Street as traders weighed the impact of a trade war against robust US housing and jobs data.

Asian stocks poised to fall as trade fears return

Micron Technology forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models, sending its shares up 2% in after-hours trading.

Micron forecasts upbeat quarterly revenue on strong AI memory chip demand

THERE is no denying that the Employees Provident Fund’s (EPF) 6.3% dividend declared for both conventional savings and shariah savings for 2024 is nothing short of spectacular and would have been celebrated with more vigour — if not for the lingering questions surrounding its seemingly untimely s...

Special Report: Dispelling aspersions surrounding EPF’s impressive 6.3% dividend for 2024

Cahya Mata Sarawak Bhd (KL: CMSB) has initiated legal action against its deputy chairman Datuk Seri Mahmud Abu Bekir Taib over alleged breaches of trust and fiduciary duties in relation to a failed enterprise resource planning (ERP) system under the company’s digital transformation project.

Cahya Mata Sarawak sues deputy chairman Abu Bekir Taib, five others over failed project

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

Salcon, Scanwolf, Reservoir Link, Pharmaniaga, IJM, Lagenda Properties, Land & General, Hextar Global, Top Glove, Cahya Mata Sarawak, Iskandar Waterfront City

Iskandar Waterfront City Bhd (KL:IWCITY) has proposed a regularisation plan involving the issuance of new shares to settle outstanding debts, a private placement and a capital reduction in order to exit its affected listed issuer status.

Iskandar Waterfront City unveils regularisation plan to convert debt into equity, issue new shares  

Asian equities were primed to track declines on Wall Street as traders weighed the impact of a trade war against robust US housing and jobs data.

The Bank of Thailand, which has long resisted interest-rate cuts despite immense political pressure, may end up having to embark on the region’s most aggressive easing cycle as a sluggish economy takes a turn for the worse, according to analysts.

Oil advanced after the US ramped up measures to hobble Iran’s crude exports, increasing pressure on Tehran amid a push for a new nuclear accord.

Shares of Lim Seong Hai Capital Bhd (KL:LSH) fell 17% on its first-ever trades on the ACE Market after the construction firm raised RM168.08 million as part of its transfer from the LEAP Market.

Scanwolf Corp Bhd (KL:SCNWOLF) has secured a RM42 million contract for sub-structure works on two commercial blocks in Jalan Ampang in a related-party transaction (RPT).

Scanwolf secures RM42 mil sub-structure contract for mixed-use project in KL in related-party deal

US stock indexes dropped on Thursday, as worries about the repercussions of an ongoing global trade war resurfaced, a day after the Federal Reserve left interest rate steady but warned of an uncertain economic backdrop.

Wall Street trips as tariff concerns resurface; US Fed boost short-lived 

A fresh bout of instability gripped the stock market as concern around the potential impacts of a trade war outweighed the latest housing and jobs data showing the world’s largest economy is still holding up.

US stocks halt Fed-fuelled rally as trade fear lingers

Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago.

Lloyd’s Register to sell modern tower and return to Victorian HQ

Apollo Global Management co-founder Marc Rowan will be called to testify for the defence in Charlie Javice’s trial on charges that she defrauded JPMorgan Chase &amp; Co in the bank’s US$175 million (RM775.75 million) acquisition of her student-finance startup, Frank.

Apollo’s Rowan to be first defence witness at Javice fraud trial

Micron Technology forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models, sending its shares up 2% in after-hours trading.

CoreWeave Inc, a cloud-computing provider that’s one of the hottest startups in artificial intelligence (AI), and some of its investors are seeking to raise as much as US$2.7 billion in an initial public offering (IPO).

AI cloud hosting firm CoreWeave launches US$2.7 bil IPO

A safety warning system went off in a Delta Air Lines regional jet before it landed and flipped belly-up at Canada's largest airport in February, indicating a fast rate of descent, the country's Transportation Safety Board (TSB) said on Thursday in a preliminary report on the accident.

Fast descent warning triggered on Delta jet that landed belly-up in Toronto

Panama's President Jose Raul Mulino said on Thursday that he didn't place any value on reports the US military is looking into options for ensuring full US access to the Panama Canal, since these reports came from unnamed sources.

Mulino dismisses reports of US military evaluating Panama Canal options

Brent crude futures are trading at a rare discount to Middle Eastern oil, with growing production in Europe and the Mediterranean heaping pressure onto markets for the high-quality oil that underpins the global benchmark.

Oil indicator flashes weakness in key Western crude markets

Sales of previously owned homes in the US unexpectedly bounced back in February, spurred by a greater supply of houses and improved weather heading into the crucial spring period. 
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Contract closings increased 4.2% to an annualised rate of 4.26 million in February, according to National Association of Realtors (NAR) figures released on Thursday. The figure exceeded all estimates in a Bloomberg survey of economists.

US existing-home sales top estimates, rebound from bad weather

eronimo Martins SGPS SA, Portugal’s biggest retailer by market value, is working on a strategic plan for the next five years that will involve boosting annual sales to as much as €50 billion (RM241.77 billion).

Karin Matussek