Wall Street's main indexes recovered some ground on Tuesday as investors focused on corporate earnings after President Donald Trump's mounting criticism of Federal Reserve chair Jerome Powell led to a sharp sell-off in the previous session.

Wall Street bounces back after sell-off as investors focus on earnings

West River Bhd, slated for listing on the ACE Market of Bursa Malaysia on May 5, saw 0.26 times oversubscription for the public portion of its new shares in its initial public offering.

West River’s IPO oversubscribed by 0.26 times

Germany’s short-dated bonds jumped as investors sought havens in Europe due to US President Donald Trump’s combative stance toward the Federal Reserve.

US short-term yields climb with treasury auctions set to begin

Chinese Foreign Minister Wang Yi on Tuesday urged Britain and the European Union to safeguard multilateral trading systems, as Beijing seeks to rally support from trading partners to counter US tariff measures.

China urges UK and EU to uphold multilateral trade in face of US tariffs

Sarawak Consolidated Industries Bhd (KL:SCIB) has withdrawn one of its legal claims against housing developer Awana JV Suria Saga Sdn Bhd over the termination of a housing project for civil servants in Perak's Muallim district.

SCIB drops RM19.8 mil claim against developer over scrapped Perak housing project

Brazil and Argentina are emerging as early winners in the global trade war that’s upending agricultural markets.

From meat to grains, trade war is boon to Brazil, Argentina

Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday.

AI economic gains likely to outweigh emissions cost, says IMF

US President Donald Trump’s policy shocks are tilting risk sentiment in favour of emerging-market equities, leading to their biggest outperformance in 16 years over US stocks as investors focus on local growth and earnings.

EM stocks extend lead over S&P 500 as Trump rattles US markets

Along the Mekong River just outside Phnom Penh, Men Moeun and his neighbours live on land set aside for a massive China-backed infrastructure plan that could transform Cambodia’s economy, with some planting corn on the vacant fields to get by.

Trump’s tariffs risk pushing Cambodia further into China’s embrace

The International Monetary Fund on Tuesday slashed its forecasts for growth in the United States, China and most countries, citing the impact of US tariffs now at 100-year highs, and warning that further trade tensions would slow growth further.

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

KUALA LUMPUR (April 22): AmBank (M) Bhd&nbsp;is taking legal action to auction off a property in Bandar Kundang, Rawang, owned by the late Kee Kok Thiam, a former aide to fugitive businessman Low Taek Jho (Jho Low), to recover a housing loan of RM1.018 million.

AmBank seeks to auction off property of Jho Low’s former aide Kee over RM1m loan

Malaysia should brace for potential US recession and slowdown of China that will drag on the global economy this year, OCBC warned on Tuesday.

Malaysia should brace for potential US recession, China slowdown, says OCBC

KUALA LUMPUR (April 22): Malaysia’s ports-and-logistics sector could be hit by a sharp decline in global order volumes amid uncertainty over international trade, Maybank Investment Bank (Maybank IB) said in cutting the industry outlook.&nbsp;

Maybank IB turns neutral on Malaysia’s ports-and-logistics sector because of tariff uncertainties, despite signs of near-term front-loading by exporters

The Royal Malaysian Police (PDRM) plans to nab&nbsp;another ‘Tan Sri’ for questioning&nbsp;in connection with the MBI ponzi scheme, following a second round of arrests from April 18 to 21 and the seizure of RM347 million in assets, according to sources.

Police to nab third ‘Tan Sri’ for questioning, following fresh arrests and RM347m seizure in MBI case — sources

Inari Amertron Bhd (KL:INARI) is still in the early stages of its earnings downgrade cycle, even after the recent plunge in its share price, but investors should consider taking positions now, an analyst&nbsp;said on Tuesday.

Inari's earnings outlook still under risk; HLIB advises 'buy' before turnaround

The Visa Liberalisation Plan (PLV) for Chinese visitors has been extended for another five years, as the initiative has shown immediate positive impact on the country’s economy, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Visa exemption for Chinese tourists extended for five years to boost economy — home minister

KUALA LUMPUR (April 22): Demand for palm oil from top buyers China and India may rise from restocking ahead of summer and ongoing discount against soybean oil, the Malaysian Palm Oil Council (MPOC) said on Tuesday.

Palm oil demand from China, India may rise in next two months, support prices — MPOC

KUALA LUMPUR (April 22): Reach Ten Holdings Bhd’s initial public offering (IPO) shares were oversubscribed less than two times by the public investors ahead of its Main Market listing.

Reach Ten’s Main Market IPO shares oversubscribed by 1.85 times

The High Court has postponed the Sapura Holdings Sdn Bhd winding-up petition, involving feuding brothers Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsudin, to Wednesday at 9am, as both sides are negotiating a settlement.

Sapura Holdings winding-up case postponed to Wednesday as brothers seek settlement

Solar photovoltaic (PV) module manufacturers in Malaysia owned by China-based players could face the risk of being phased out due to the latest US-imposed duties on solar imports from the country, an industry group representing the sector said.

US tariffs to further weigh on Chinese solar panel makers in Malaysia; neutral for installers

The European Commission (EC) has been urged to recognise the Malaysian Sustainable Palm Oil (MSPO) certification in order to promote greater acceptance of the European Union Deforestation Regulation (EUDR).

European Commission urged to recognise Malaysian Sustainable Palm Oil certification to enhance compliance with EU Deforestation Regulation

(April 21):&nbsp;Air India Ltd&nbsp;is looking to take Boeing Co&nbsp;planes rejected by Chinese carriers, people familiar with the matter said, joining the ranks of Asian airlines vying to benefit from the trade war between Washington and Beijing.

Air India keen to take Boeing jets refused by China airlines — Bloomberg

The High Court on Tuesday granted leave (permission) to Toh Puan Na'imah Abdul Khalid to challenge a RM313.82 million additional tax imposed on her by the Inland Revenue Board (IRB).

High Court allows Na'imah to challenge RM313.8m tax bill through judicial review

Nomura Holdings Inc&nbsp;agreed to purchase Macquarie Group Ltd’s US and European public asset management business for US$1.8 billion (RM7.9 billion), marking the Japanese brokerage’s most significant overseas acquisition since it bought Lehman Brothers assets in 2008.&nbsp;

Nomura’s biggest deal since Lehman forms unit with US$770b in assets under management

Norges Bank, which manages Norway’s government pension fund, has emerged as a substantial shareholder in automated test equipment (ATE) maker Pentamaster Corp Bhd (KL:PENTA) with a 5.26% stake.

Norges Bank emerges as substantial shareholder of Pentamaster

Parkway Life Real Estate Investment Trust's (REIT)&nbsp;wholly owned Malaysian subsidiary Parkway Life Malaysia has entered a sale and purchase agreement for the divestment of strata units and lots at MOB Specialist Clinics in Kuala Lumpur for RM20.09 million.

Parkway Life REIT to divest Malaysian property for RM20m

THE recent Putra Heights gas pipeline explosion has affected the livelihood of 469 families and disrupted the operations of nearly 300 companies whose gas supply has been cut.

While the cause of the April 1 blaze is being investigated, a number of firms have been forced to halt producti...

Putra Heights gas blast leaves its mark on businesses

Petronas Chemicals Group Bhd (KL: PCHEM), or PCG, announced on Tuesday that its Pengerang Petrochemicals Complex in Johor — the group’s largest growth project under its olefins and derivatives segment in partnership with Saudi Aramco — commenced commercial operations in November 2024

Petronas Chemicals says commercial ops at Pengerang site commenced in November 2024

The Ministry of Transport (MOT) is studying a more structured mechanism regarding port charges to ensure the sustainability of the country's ports as well as a balance between market needs and capacity development.

Transport Ministry floats plan for phased 30% increase in port tariff

Shares of TMD Energy Ltd, a 66.39% subsidiary of Straits Energy Resources Bhd (KL:STRAITS), rose by as much as 26.76% on its first day of trading on the New York Stock Exchange (NYSE) American.

TMD Energy opened at US$3.26 on Monday (April 21), and hit an intraday high of US$4.12, before it pared its gains to close at US$3.63, an 11.69% premium over the initial public offering (IPO) price of US$3.25 per share.

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