Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around US$5 million (RM23.07 million), company owner Elon Musk said on Friday (June 9).

Twitter to pay verified creators for ads in replies, Musk says

The US expanded a ban on imports from China’s Xinjiang region, placing two more companies on its so-called entity list, the first additions since a law targeting forced labour in the area took effect a year ago.

Printing and imaging company Ninestar Corp and eight of its subsidiaries, as well as Xinjiang Zhongtai Chemical Co Ltd, were added to the list “for working with the government of Xinjiang to recruit, transport, transfer, harbor or receive forced labour” involving Uyghur and other ethnic minorities, the US Department of Homeland Security (DHS) said in a statement on Friday (June 9).

US expands China forced-labour embargo, banning two new firms

Datuk Shaik Abdul Rasheed Abdul Ghaffour is the right and most suitable candidate to be the leader of the nation’s central bank, said former Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim.

Abdul Rasheed the right, most suitable candidate to lead BNM, says ex-governor

China should play a key role in shaping the artificial intelligence (AI) guardrails needed to ensure the safety of transformative new systems, OpenAI Inc chief executive officer Sam Altman said.

OpenAI’s CEO calls on China to help shape AI safety guidelines

Switzerland’s neutral interest rate may be a bit lower than that of other advanced economies, according to Swiss National Bank (SNB) president Thomas Jordan.

The rate that neither slows nor accelerates output typically is “in the range of 2%-to-3% in developed countries, while in Switzerland it might be slightly lower”, Jordan told Swiss newspaper Corriere del Ticino in an interview published on Saturday (June 10).

SNB president puts Switzerland’s neutral interest rate around 2%

Bursa Malaysia is expected to see cautious trading next week ahead of an interest rate decision in the US on Wednesday (June 14). 

SPI Asset Management managing director Stephen Innes said local investors would also watch out for China's stimulus measures to help restore investor confidence.

Caution seen on Bursa in coming week ahead of US interest rate decision

After being wrong-footed by a US$1.5 trillion (RM6.92 trillion) rout in Chinese stocks, some of Wall Street’s biggest banks are coming around to a less optimistic consensus. 

Strategists at Goldman Sachs Group Inc, Nomura Holdings Inc and Morgan Stanley have all slashed their MSCI China Index targets over varying periods by at least 11%. Their latest projections suggest that while the gauge may rebound from current levels, it will struggle to reclaim the high seen in January, when the reopening frenzy was at its peak.

China stock bulls hit reset button after US$1.5 trillion rout

The clouds are finally parting for Tesla Inc investors who stuck with the electric-vehicle (EV) maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than double this year.

Tesla’s record run drives nearly US$200b jump in value

US shares struck new highs for the year on Friday (June 9), and helped lift world stocks to a 13-month peak, as rising bets that the US Federal Reserve (Fed) will skip a rate hike next week overshadowed worries about US markets being drained of cash.

World shares at 13-month peak as Wall St scales 2023 highs

The income tax authority anywhere is typically an unpopular agency to deal with, but Inland Revenue Board (IRB) chief executive officer Datuk Mohd Nizom Sairi is on a quest to change that, and hopes to instil public trust into the statutory body.

IRB takes a soft approach to widen the tax net

Foreign investors piling into Asian fixed income and stocks propelled emerging market portfolio inflows to US$10.4 billion in May, offsetting Chinese bonds suffering a third straight month of outflows, the Institute of International Finance (IIF) found.

Investors channel billions into emerging markets, but China drops again — IIF

The US Department of Defense announced an additional US$2.1 billion in security assistance for Ukraine on Friday, including air defence and ammunition capabilities, amid signs that Kyiv had begun its long-awaited counteroffensive against Russia.

The package includes additional munitions for Patriot air defence systems, Raytheon HAWK air defence systems and missiles, 105mm and 203mm artillery rounds, small AeroVironment drones that can be launched by hand, laser-guided rocket system munitions and support for training and maintenance, the Defense Department said.

US announces US$2.1 bil more military assistance for Ukraine

The S&P 500 and Nasdaq hit fresh 2023 highs on Friday as Tesla shares jumped following a tie-up with General Motors, while investors awaited inflation data and US monetary policy decision due next week.

S&P, Nasdaq hit fresh 2023 highs as Tesla rallies

The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt Gox, one of the world's earliest, biggest and most widely publicized alleged bitcoin heists.

The department in a statement said Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt Gox, which collapsed in 2014 after losing what was then worth about half a billion dollars in cryptocurrency.

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