<div class=newsTextDataWrapInner><p>FLASH: Bank Negara appoints Shaik Abdul Rasheed Abdul Ghaffour as deputy governor</p></div>
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FLASH: Bank Negara appoints Shaik Abdul Rasheed Abdul Ghaffour as deputy governor
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Bank Negara appoints Shaik Abdul Rasheed Abdul Ghaffour as deputy governor

MORNING CALL: 7/1/25

Oil snapped a five-session rally as key technical markers show gains driven by tightness in global physical crude markets may have gone too far.

Oil falls as technicals signal five-session rally is overdone

Samsung Electronics Co. is ramping up investment in artificial intelligence for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.

Samsung CEO touts AI fridges and washers after year to forget

Toyota Motor Corp. plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan by as soon as this fall.

Toyota aims to open its futuristic city in Japan this year

Asian equities look mixed after Wall Street rallied for a second day. Pressure eased on the region’s currencies after a report that President-elect Donald Trump’s proposed tariff plan will be watered down.

Asian stocks look mixed, dollar slump offers reprieve for region's currencies

Chicago Board of Trade corn futures on Monday surged to a more than six-month high amid growing concern over dry conditions in Argentina, market analysts said

Chicago corn surges to six-month high on weaker dollar, Argentina weather

A rally in the world’s largest tech companies lifted stocks at the start of the first full trading week in 2025. The dollar trimmed losses as President-elect Donald Trump said his tariff plan won’t be scaled back.

US stocks advance as Nvidia closes at all-time high

Europe is burning through gas reserves more quickly than at any point in the last seven years as cold weather ramps up heating needs, with temperatures expected to drop again this week.

The region’s vast underground storage sites — which act as a buffer against tighter flows — are just over 70% full compared with about 86% a year ago.

European gas storage sites dwindle at fastest pace since 2018

The US Defense Department said on Monday it had added Chinese tech giants including gaming and social media leader Tencent Holdings and battery maker CATL to a list of firms it says work with China's military.

US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military

Brazil's government said in a statement on Monday that Indonesia is formally joining BRICS as a full member, further expanding the group of major emerging economies that also includes Russia, India, China and South Africa.

Indonesia joins BRICS bloc as full member, says Brazil 

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


MAHB, Oriental Kopi, Kerjaya Prospek, Kumpulan Kitacon, T7 Global, Aizo, Keyfield, Citaglobal, D&O

<p>Proton Holdings Bhd, in which DRB-Hicom Bhd (KL:DRBHCOM) owns a 50.1% stake, concluded 2024 with 152,352 cars sold, retaining its second-place position in the local market for the sixth year running.</p>


Proton's annual sales up less than 1% in 2024, defends second spot for sixth year

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EVENING 5: Five things you need to know today

<p>Prime Minister Datuk Seri Anwar Ibrahim on Monday night hosted a dinner in honour of visiting Singapore Prime Minister&nbsp;Lawrence Wong at&nbsp;Rumah Tangsi here.</p>


Anwar hosts dinner for Singapore PM

<p>Toyo Ventures Holdings Bhd (KL:TOYOVEN) has issued a notice of dispute to Vietnam's Ministry of Industry and Trade (MOIT) over the termination of the Song Hau 2 thermal power plant project by the Vietnamese government.</p>


Toyo Ventures issues dispute notice to Vietnamese govt over power plant termination

<p>The US Defense Department said on Monday it had added Chinese tech giants including gaming and social media leader Tencent Holdings and battery maker CATL to a list of firms it says work with China's military.</p>


<p>Ecobuilt Holdings Bhd (KL:ECOHLDS) said its external auditor HLB Ler Lum Chew PLT has expressed a qualified opinion on the group's audited statements for the financial year ended Aug 31, 2024 (FY2024), as well as flagged a material uncertainty that cast doubt on the group's ability to continue as a going concern.</p>


Ecobuilt's auditor flags going concern doubt as it expresses qualified opinion on FY2024 statements

<p>A rally in the world’s largest tech companies lifted stocks at the start of the first full trading week in 2025. The dollar trimmed losses as President-elect Donald Trump said his tariff plan won’t be scaled back.</p>


<p>Toyota Motor Corp. plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan by as soon as this fall.</p>


<p>Brazil's government said in a statement on Monday that Indonesia is formally joining BRICS as a full member, further expanding the group of major emerging economies that also includes Russia, India, China and South Africa.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim wants all ministries to focus on enhancing capabilities in the fields of tourism, investment and economy, with the involvement of all states through the Visit Malaysia Year 2026 (VM2026) campaign.</p>


PM tells all ministries to improve capabilities in fields of tourism, investment, economy

<p>The US&nbsp;Consumer Financial Protection Bureau (CFPB) sued&nbsp;a unit of&nbsp;Warren Buffett's&nbsp;Berkshire&nbsp;Hathaway on Monday, accusing it of&nbsp;pushing borrowers into&nbsp;unaffordable&nbsp;loans to buy homes from Clayton Homes,&nbsp;Berkshire's manufactured housing business.</p>


US regulator sues Buffett's Berkshire unit over risky home loans

<p>Money managers are seeing plenty of reasons to remain bullish on gold, following a stellar 2024 that saw the precious metal post its biggest annual gain since 2010.</p>


Gold investors stay bullish for 2025 on Trump volatility

<p>Europe is burning through gas reserves more quickly than at any point in the last seven years as cold weather ramps up heating needs, with temperatures expected to drop again this week.</p>

<p>The region’s vast underground storage sites — which act as a buffer against tighter flows — are just over 70% full compared with about 86% a year ago.</p>


<p>The Melaka government plans to introduce local authority by-laws requiring livestock owners to tag their animals with&nbsp;quick response (QR) code.</p>


Melaka to tackle roaming livestock risks with QR code tagging

<p>Nvidia Corp investors have high hopes that Monday’s speech from CEO Jensen Huang will spark a fresh breakout in the chipmaker’s shares, which have plateaued since November after roaring higher for much of 2024.</p>


Nvidia investors look to Huang CES speech to spark next breakout

<p>Asian equities look mixed after Wall Street rallied for a second day. Pressure eased on the region’s currencies after a report that President-elect Donald Trump’s proposed tariff plan will be watered down.</p>


<p>US&nbsp;President-elect Donald&nbsp;Trump&nbsp;said on Monday that he and Chinese leader&nbsp;Xi&nbsp;Jinping have been speaking through representatives, and he believes the two leaders will get along.</p>


Trump says he and China's Xi have been talking through aides

<p>Samsung Electronics Co. is ramping up investment in artificial intelligence for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.</p>


<p>French President Emmanuel Macron said on Monday that new Prime Minister Francois Bayrou will travel to China to try to make progress on a trade dispute that threatens cognac sales.</p>

<p>Macron, who was speaking at an annual conference to French ambassadors, did not say when the trip would take place.</p>
