Donald Trump’s lawyers told a judge that his New York hush money conviction must be dismissed as a result of his election victory, arguing that the president-elect was unfairly targeted by prosecutors.

Trump cites Biden pardon to get NY hush-money case tossed

The Biden administration told Congress it plans to cancel US$4.65 billion (RM20.8 billion) in debt owed by Ukraine, according to a letter obtained by Bloomberg News, the latest in a series of moves meant to bolster support for Kyiv before President-elect Donald Trump takes office.

Biden administration seeks to cancel US$4.6b of Ukraine’s debt

(Nov 10): Businessman Elon Musk, an ally of President-elect Donald Trump, endorsed Republican Senator Rick Scott for US Senate majority leader on Sunday, as Trump pushed candidates for the influential post to help him make changes quickly, after his party won control of the chamber.

Trump seeks fast appointments; Elon Musk makes endorsement for Senate leadership

(Nov 10): Donald Trump won Arizona, the final state to be called in the US presidential election, marking a clean sweep of all seven battleground states.

Trump wins Arizona in clean sweep of swing states in US election

WASHINGTON (Nov 9): USPresident-elect Donald Trump said on Saturday that former Republican presidential contender Nikki Haley and former secretary of state Mike Pompeo will not be asked to join his administration.

Trump says Haley, Pompeo will not join second administration

WASHINGTON (Nov 9): Republicans on Saturday were close to clinching control of the US House of Representatives, a critical element for President-elect Donald Trump to advance his agenda when he returns to the White House in January 2025.

Republicans on brink of clinching US House control after taking Senate

WASHINGTON/REHOBOTH BEACH, Delaware (Nov 9): US President Joe Biden and President-elect Donald Trump will meet on Wednesday (Nov 13) at the White House on Biden's invitation, a White House spokesperson said on Saturday.

Biden, Trump to meet at White House on Wednesday

WEST PALM BEACH, Florida (Nov 7): US President-elect Donald Trump on Thursday announced that Susie Wiles, one of his two campaign managers, will be his White House chief of staff, entrusting a top position to a political operative who helped the Republican win election.

Trump picks Susie Wiles as his White House chief of staff

WASHINGTON (Nov 7): Donald Trump's Republicans were projected to pick up another US Senate seat on Thursday, and appeared to be retaining their narrow hold on the House of Representatives, putting them on track to control both chambers of Congress next year.

Republicans widen Senate majority, on track to win House

(Nov 7): With Vice President Kamala Harris’ defeat in the US elections, Indian media are turning their attention to another woman of South Asian descent who’s gaining prominence in American politics.

Indians highlight Usha Vance’s South Asian roots after Kamala Harris loses US election

Donald Trump recaptured the White House with a sweeping victory on Wednesday as tens of millions of Americans looked past his criminal charges and divisive rhetoric to embrace a leader who, if he carries out his campaign promises, will test the limits of presidential power.

Trump win to test limit of presidential power; Harris concedes but vows 'fight'

Donald Trump was elected the 47th president of the United States, pulling off a stunning political comeback in one of the most polarised contests for the White House in US history.

Trump wins US presidential election in extraordinary comeback

Republicans won control of the US Senate amid a slew of victories by allies of Donald Trump, giving the GOP powerful leverage in high-stakes tax and spending battles next year.

GOP candidates defeated Banking chairman Sherrod Brown in Ohio, unseated Montana’s Jon Tester and picked up the open Senate seat in West Virginia.

Republicans win control of US Senate ahead of key tax fight

Mexico must manoeuvre carefully now that Donald Trump has secured his return to the US presidency, but Mexico's President Claudia Sheinbaum still has room to negotiate and soften the impact on trade, migration and security.

Trump's campaign rhetoric, including 200% tariffs on cars coming from Mexico, mass deportations, and US military action against drug cartels, puts Sheinbaum in a difficult position. An initial deterioration in the relationship between the two countries — and a blow to the Mexican peso — is likely.

Mexico to feel initial blow from Trump victory but has room to negotiate

Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”

Azerbaijan Airlines pauses over half of flights to Russia after crash

Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.

Crypto mogul Do Kwon to be extradited to US, Montenegro says

President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.

Trump asks Supreme Court to pause law threatening TikTok ban

After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.

Trump's first actions and job data to test US market in January

US stocks wrapped up Christmas week on Friday with retracements of double-digit uptrends, and, alongside the dollar to a smaller degree, succumbed to profit taking in illiquid markets heading into the last weekend of 2024.

Stocks hit, dollar slips in illiquid year-end profit taking

Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from US crude inventories last week.

Oil settles up over 1% on large draw from US crude stocks

Wall Street's holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week.

Wall Street finishes down after sell-off at end of strong holiday-shortened week

SCGM Bhd's (KL:SCGM) substantial shareholders are to inject their agriculture-related business into the cash company in return for RM207.94 million worth of shares as part of the company's regularisation plan.

SCGM formalises injection of agriculture business, proposes 25 sen special dividend 

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

ViTrox, Kim Loong Resources, Crescendo, JcbNext, OCB, Paragon Globe, Tropicana, Asia Poly, Nova MSC, PUC, SCGM

A mystery seller is asking US$200 million (RM893.43 million) for an empty waterfront lot next door to the properties Jeff Bezos bought in South Florida.

The roughly 1.84 acre lot (0.74 hectare) is located at Indian Creek, a man-made barrier island that’s been dubbed “Billionaire Bunker.” Ilya Reznik, who’s brokering the transaction, declined to identify the seller but said they are “willing to negotiate” on price.

Bezos’ Miami neighbour seeking US$200 mil for empty lot

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

SCGM Bhd's (KL:SCGM) substantial shareholders are to inject their agriculture-related business into the cash company in return for RM207.94 million worth of shares as part of the company's regularisation plan.

Wall Street's holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week.

A mystery seller is asking US$200 million (RM893.43 million) for an empty waterfront lot next door to the properties Jeff Bezos bought in South Florida.

The roughly 1.84 acre lot (0.74 hectare) is located at Indian Creek, a man-made barrier island that’s been dubbed “Billionaire Bunker.” Ilya Reznik, who’s brokering the transaction, declined to identify the seller but said they are “willing to negotiate” on price.

Shell has shut down one of its oil processing units at the Shell Energy and Chemicals Park on Singapore’s Pulau Bukom to facilitate an investigation into a suspected leak in the system.

Shell shuts down oil processing unit at Singapore's Pulau Bukom to probe leak

Vietnamese Prime Minister Pham Minh Chinh instructed the investment ministry and other authorities to work on development scenarios and measures that will enable the country to attain “double-digit” growth in gross domestic product next year.

Vietnam PM seeks steps for double-digit GDP growth next year

A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.

Norwegian shipping firm denies Moscow's claim it refused to help sinking Russian ship

Brazil’s annual inflation unexpectedly slowed in early December as energy costs dropped, giving central bankers limited relief as they pledge two more jumbo interest rate hikes by March.

Official data released on Friday showed consumer prices rose 4.71% from a year earlier, below the 4.83% median estimate in a Bloomberg survey of economists and the prior reading of 4.77%.

Brazil’s annual inflation unexpectedly slows, giving central bank limited respite

President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.

OpenAI, founded a decade ago as a research organisation, is considering a change to the AI company’s structure that would create a more conventional money-making corporation alongside a non-profit arm.

OpenAI mulls plan for more conventional for-profit business 

After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.

Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.

US PRESIDENTIAL RACE

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US PRESIDENTIAL RACE

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