The amount of money South Korean retail traders claim they lost through fraud rose by a fifth to about US$250 million (RM1 billion) in the first half of 2026, according to police data seen by Reuters, as scammers exploited market swings to steal from investors.

Korean retail investors lost US$250m from scams during stock swing

Gold was steady after a two-day drop as high oil prices continued to fuel inflation concerns and keep interest-rate hike bets a near-certainty ahead of the Federal Reserve’s policy decision later Wednesday.

Gold steadies below US$4,300 as markets await Fed rate decision

The New Zealand Superannuation Fund, one of the world’s top-performing sovereign wealth funds, returned 14.2% in the year through June, powered by a rally in global equity markets despite being underweight in outperforming tech stocks.

New Zealand’s world-beating sovereign wealth fund returns 14.2%

Oil prices fell on Wednesday after an unexpected build in US crude inventories, while investors assessed supply risks after Saudi Arabia suspended oil loadings at its Yanbu port following an attack on its East-West pipeline to the Red Sea.

Oil falls as US crude inventories rise despite Saudi supply concerns

Canada will let businesses immediately write off the cost of most new capital investments for tax purposes, Prime Minister Mark Carney said on Tuesday, unveiling a measure aimed at strengthening the economy and drawing more foreign investment.

Canada offers permanent tax incentive on capital investment as Carney lures investors

Headline growth not representative of underlying challenges

Nvidia Corp chief executive officer Jensen Huang dismissed the need for new artificial intelligence security regulations on Tuesday, arguing that market forces will help companies safely innovate.

Nvidia’s Huang says AI industry doesn’t need any new laws

The US Justice Department on Tuesday urged a federal court to require states seeking to block Paramount Skydance's US$110 billion (RM444.9 billion) takeover of Warner Bros Discovery to post a "proper bond" covering the costs of any delay in completing the deal.

US DOJ backs bond demand in Paramount-Warner Bros antitrust fight

The US Senate failed on Tuesday to advance comprehensive cryptocurrency legislation backed by President Donald Trump in a major blow for digital asset companies and Republicans who had championed the bill for months.

US Senate fails to advance sweeping cryptocurrency bill in blow for industry

OpenAI has recently held discussions with large investors about a fresh capital raise that would increase the ChatGPT maker's valuation to about US$1.2 trillion (RM4.8 trillion) before it goes public, the Financial Times reported on Tuesday, citing people familiar with the matter.

OpenAI mulls funding round at US$1.2 tril valuation ahead of IPO — report

The Attorney General’s Chambers (AGC) said it decided not to proceed with four charges against former prime minister Tan Sri Muhyiddin Yassin after concluding that continuing the prosecution posed litigation risks that could compromise the remaining charges against him.

Pressing on with Bukhary Equity-linked charges posed risks to broader case against Muhyiddin — AGC

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

AirAsia Group, EcoWorld, KPJ, YTL Power, Cuscapi, Hextar Retail, Pestech, Butterfield FB, Crest Builder, PTT Synergy, Frontken, UUE

Eco World Development Group Bhd (KL:ECOWLD) has emerged as the top bidder for a residential site at Lorong Puntong/Sin Ming Avenue in Singapore, with an offer of S$208.1 million (RM667.62 million).

Eco World tops bids for Singapore residential site with S$208.1 mil offer

The Attorney General must provide a detailed explanation for seeking a discharge not amounting to an acquittal (DNAA) to discontinue part of the prosecution against former prime minister Tan Sri Muhyiddin Yassin, said Democratic Action Party (DAP) national chairman Gobind Singh Deo.

Gobind calls on AG to explain decision to drop part of Muhyiddin's charges mid-trial

Wall Street extended its sell-off on Tuesday, as rising US Treasury yields, mounting debt concerns and soaring crude prices kept buyers on the sidelines.

Wall Street ends lower as oil spikes, benchmark Treasury yield breaches 5%

US Treasury Secretary Scott Bessent defended a range of Trump administration economic policies before lawmakers on Tuesday, from currency and bond market interventions to AI safety, disclosing plans to meet with his Chinese counterpart this weekend.

Bessent defends Trump economic policies, reveals plans to meet Chinese official

Global networking devices and accessories provider TP-Link Distribution Malaysia Sdn Bhd has launched WiFi 8, a new technology designed to strengthen coverage, manage congestion and reduce interference.

TP-Link launches new WiFi technology to strengthen connectivity, manage congestion

The Malaysian Immigration Department (JIM) has dismantled a suspected fake e-Temporary Employment Visit Pass (e-PLKS) operation following simultaneous raids on 11 premises around the commercial area of Jalan Chan Sow Lin, in Kuala Lumpur on Monday.

Immigration Dept shuts down suspected fake temporary employment visit pass operation, 11 Bangladeshi nationals detained

The US and China are discussing slashing tariffs on certain goods, including on American energy and agricultural shipments — a potential sign the leaders’ summit next week will lead to an extension of the one-year trade truce.

China and US discuss cutting tariffs on agriculture and energy — Bloomberg

Canada will let businesses immediately write off the cost of most new capital investments for tax purposes, Prime Minister Mark Carney said on Tuesday, unveiling a measure aimed at strengthening the economy and drawing more foreign investment.

Meta Platforms said on Tuesday it is launching "Meta One" subscription service for better AI capabilities and new features across its social media apps, including Instagram, Facebook and WhatsApp.

Meta launches subscriptions with enhanced AI features

The US poverty rate edged down to the lowest on record in 2025, while median household income hit a record high, the Census Bureau said on Tuesday. There were 34.5 million people in poverty in 2025, the agency said.

US poverty rate dips to lowest on record, Census Bureau says

The US Supreme Court refused to clear the Postal Service to enforce new restrictions on mail-in ballots for the congressional midterms, in a rebuff to the Trump administration after some states started early voting and opponents warned late-breaking changes would inject chaos into the elections.

Supreme Court rejects Trump’s mail ballot curbs for US midterm election

The chairman of the US Federal Trade Commission said on Tuesday that "everyone should be deeply suspicious" about AI companies seeking antitrust exemptions while they also lobby for new regulations.

FTC chair suspicious of calls for AI antitrust exemptions

Liquefied natural gas (LNG) buyers are accelerating discussions to buy more fuel from the US as the Iran war and turmoil over the Strait of Hormuz forces them to seek alternatives to suppliers in the Middle East.

LNG buyers look to US to hedge future risk of Hormuz disruption

Nvidia Corp chief executive officer Jensen Huang dismissed the need for new artificial intelligence security regulations on Tuesday, arguing that market forces will help companies safely innovate.

OpenAI is working on steps to address artificial intelligence safety issues with its top competitors Anthropic PBC and Google DeepMind, escalating industry efforts to respond to a groundswell of concern that the technology poses an economic and security threat.

OpenAI says working with Anthropic, Google on AI safety

As Malaysia celebrates another anniversary of independence and Hari Malaysia, it is worth pausing to reflect not only on how far our nation has travelled but also on the principles upon which our constitutional democracy was founded.

Opinion: Two dynamos of democracy: Reflections on the first agong’s parliamentary address for Malaysia today

The US Senate failed on Tuesday to advance comprehensive cryptocurrency legislation backed by President Donald Trump in a major blow for digital asset companies and Republicans who had championed the bill for months.

Nvidia CEO Jensen Huang is set to attend US President Donald Trump's state dinner for Chinese President Xi Jinping, a source familiar with the matter said on Tuesday.

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