<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 15): The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by reason of imports of boltless steel shelving units prepackaged for sale from Malaysia, Taiwan, Thailand and Vietnam.</p></div>

<div class=newsTextDataWrapInner><p>Boltless steel shelving units that are prepackaged for sale are used for storage in homes, basements, garages, offices, and commercial and industrial operations.</p></div>

<div class=newsTextDataWrapInner><p>In a statement on Tuesday (May 14), the USITC said the products are allegedly sold in the US at less than fair value and are subsidised by the governments of Malaysia, Taiwan, Thailand and Vietnam.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>USITC chairman David S Johanson and commissioners Rhonda K Schmidtlein, Jason E Kearns and Amy A Karpel, voted in the affirmative.</p></div>

<div class=newsTextDataWrapInner><p>As a result of the commission’s affirmative determinations, the US Department of Commerce will continue its investigations on imports of boltless steel shelving units from Malaysia, Taiwan, Thailand and Vietnam.</p></div>


The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by reason of imports of boltless steel shelving units prepackaged for sale from Malaysia, Taiwan, Thailand and Vietnam.

US investigating sale of boltless steel shelving units from Malaysia, other countries

The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing US$250 billion (RM1.11 trillion) per year by 2035 to help poorer nations — a proposal that drew criticism from all sides.

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Volkswagen labour representatives have formally voted for limited strikes in Germany from early December, their union said on Friday, after talks over wages and plant closures failed to achieve a breakthrough.

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Gold prices rose over 1% to hit a two-week peak on Friday, heading for the best weekly performance in more than a year, buoyed by safe-haven demand as Russia-Ukraine tensions intensified.

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Offshore support vessel company Icon Offshore Bhd (KL:ICON) said on Friday it has signed definitive agreements for a slew of previously announced acquisitions worth over RM400 million.

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<p>Affin Bank Bhd (KL:AFFIN) on Friday cut some of its key financial expectations for the full year even as net profit surged in the third quarter, as the company continues efforts to improve profitability.</p>


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<p>Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.</p>


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<p>Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.</p>


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<p>Malaysia’s Anti-Corruption Commission (MACC) said on Friday it will continue to investigate the late Tun Daim Zainuddin, his wife and other family members.</p>
