KUALA LUMPUR (June 2): Tesla Inc CEO Elon Musk has reclaimed the title of the planet’s richest man after a six-month hiatus, with a total wealth of US$195 billion, pushing Frenchman Bernard Arnault to second spot with US$187 billion.

Elon Musk knocks Bernard Arnault off the perch to reclaim top spot

SYDNEY (June 2): Australia's independent wage-setting body said on Friday it would raise the minimum wage by 5.75% from July 1, as families grapple with soaring living costs.

The lowest-paid employees will receive A$22.61 ($15.34) an hour from July 1, according to Reuters calculations b...

Australia raises minimum wage by 5.75% as living costs surge

NEW YORK (June 2): Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla Inc CEO of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.

In a Wednesday night filing in Manhattan federal court, investors said Musk ...

Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

(June 2): Russia’s main security service accused a US intelligence agency of hacking several thousand iPhones, including devices belonging to Russian nationals and others linked to diplomatic missions and embassies in the country.

The statement from Russia’s Federal Security Service, kn...

Russia accuses US intelligence of hacking thousands of iPhones

(June 2): Apple Inc. is working on plans to expand and revitalize its retail chain, aiming to push deeper into China and other parts of Asia while overhauling established locations in the US and Europe.

Through 2027, the iPhone maker is discussing opening 15 new stores across the Asia-P...

Apple plans major retail push with new stores across China, US

(June 2): The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates and investors cheered a vote in Congress to suspend the U.S. debt ceiling.

The number of Americans fili...

Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer

NEW YORK (June 2): Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve.A bill...

Global equities rise, U.S. yields fall after debt ceiling bill advances

COLORADO SPRINGS, Colorado (June 2): President Joe Biden tripped and fell after handing out the last diploma at a graduation ceremony at the U.S. Air Force Academy on Thursday, but got up quickly and walked back to his seat.

The 80-year-old U.S. president fell forward, caught himself wi...

Biden trips and falls during graduation ceremony, recovers quickly

(June 2): Harassment of Europa League final referee Anthony Taylor and his family by AS Roma fans at Budapest Airport was condemned on Thursday by the PGMOL, which oversees refereeing in English professional football, after videos circulated on social media.

Taylor came under scrutiny f...

Harassment of Europa League final referee Taylor condemned by PGMOL

NEW YORK (June 2): Goldman Sachs Group Inc plans to cut more jobs as a difficult economic environment weighs on dealmaking and trading revenue may slump 25% this quarter, the bank's president said on Thursday.

"The macro backdrop is extraordinarily challenging," Goldman's president and ...

Goldman Sachs to cut more jobs, eyes sharp fall in markets revenue

US stock indexes rose by midday trading on Thursday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling amid bets that the Federal Reserve will skip raising interest rates in its next meeting.

Investors also looked on economic indicators, including the ADP National Employment Report that showed more-than-expected jobs additions in May, while a separate reading said weekly jobless claims increased modestly, both suggesting the labour market's resilience.

Wall St rises on debt ceiling deal cheer, hopes of Fed pause

Federal Reserve officials are signaling they plan to keep interest rates steady in June while retaining the option to hike further in coming months, steering market expectations ahead of a key employment report.

Governor Philip Jefferson, a centrist who’s nominated to be vice chair and who often echoes Chair Jerome Powell’s views, said Wednesday that skipping an increase would give policymakers time to assess data but not preclude future tightening

Fed signal for rate pause takes pressure off hot jobs report

Stocks rose, with investors in a more optimistic mood after the House passed a deal to avert a US default and Federal Reserve officials hinted at a pause in interest-rate hikes.

Miners and media companies led gains as European equities looked to snap three days of declines. The advance echoed a move higher in Asian stocks, where markets got an initial boost from some encouraging economic data out of China.

Stocks rise on debt-deal optimism, Fed pause talk

Asian leaders accustomed to straddling the US-China divide are increasingly nervous that tensions between the world’s two superpowers could spiral toward conflict, with a series of decisions on both sides making it harder for Beijing and Washington to find common ground.

Fear of US-China conflict looms over Singapore defence forum

Kenanga Research projects  CY23F FBM KLCI earnings to contract by 1.2%

HLIB Research says Velesto's valuations have become inflated

Malaysia's corporate profits disappoint on slowing demand, with little help from China reopening

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

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