<div class=newsTextDataWrapInner>(Jan 10): Canadian Foreign Affairs Minister Melanie Joly said she won’t enter the leadership race to succeed Justin Trudeau as prime minister.</div>

<div class=newsTextDataWrapInner>Joly, who has long been seen as a contender for the Liberal Party leadership, will instead focus on her cabinet job ahead of Donald Trump’s inauguration and his threat to impose economically devastating tariffs on Canada. 
 
Her decision means Trudeau’s two frontline ministers in managing the US relationship will stay in their roles during the leadership race, scheduled to conclude on March 9. Finance Minister Dominic LeBlanc announced earlier this week he would not enter the contest in order to focus on countering Trump’s tariff threat.</div>

<div class=newsTextDataWrapInner>Joly, 45, was first elected to Parliament in 2015 and has been foreign minister for three years. She’s overseen the government’s sanction regime against Russia and managed its response to the Israel-Hamas war — an extremely tricky and divisive issue for the Liberals.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Prior to running federally, Joly ran to be Montreal mayor in 2013 and finished in second place, despite being a newcomer to politics. Her organisation in Quebec — a very strategic region for the Liberal Party — was one reason Joly was seen as a potential top contender in the leadership race.</div>

<div class=newsTextDataWrapInner>Uploaded by Felyx Teoh</div>

Canadian Foreign Affairs Minister Melanie Joly said she won’t enter the leadership race to succeed Justin Trudeau as prime minister.

Joly, who has long been seen as a contender for the Liberal Party leadership, will instead focus on her cabinet job ahead of Donald Trump’s inauguration and his threat to impose economically devastating tariffs on Canada.

Canadian Foreign Minister Joly will not enter race to replace Trudeau

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

TNB, Berjaya Corp, Sime Darby Property, Uzma, Metronic, Kumpulan Perangsang Selangor, Key Alliance

US consumers’ long-term inflation expectations jumped to the highest since 2008 on concerns about potential tariffs from the incoming Trump administration.

Americans expect prices will climb at an annual rate of 3.3% over the next five to 10 years, up from the 3% expected last month, according to the University of Michigan’s preliminary January survey released on Friday.

US consumer inflation expectations jump to highest since 2008, says survey

Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.

Ho Hup gets another winding-up petition over alleged outstanding payment

Constellation Energy Corp surged after it agreed to acquire closely held Calpine Corp for US$16.4 billion (RM73.83 billion) to create the largest fleet of US power stations.

Shares of Constellation climbed as much as 23% in New York trading. Constellation will pay a mixture of cash and stock, and assume about US$12.7 billion of Calpine’s net debt in the deal, the companies said on Friday in a statement.

Constellation Energy surges after agreeing to buy Calpine for US$16.4 bil

Wall Street's main indexes fell on Friday, with the S&P 500 touching a one-week low after an upbeat jobs report stoked fresh inflation worries and reinforced bets that the Federal Reserve will take a cautious approach to interest rate cuts this year.

Wall Street drops after payrolls data; small-cap index set to confirm correction

US President-elect Donald Trump will not go to jail or pay a fine over his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday, but the sentencing will place a judgment of guilt on his record.

Trump spared jail at hush money sentencing, days before inauguration

Police have arrested five individuals, including a senior executive of a local broadcasting company, on suspicion of being involved in a money laundering case.

Inspector-General of Police Tan Sri Razarudin Husain said the four men and one woman aged between 20 and 60, were detained at several locations, including in Penang and Sarawak.

Senior executive of broadcasting company arrested for alleged money laundering

The Ministry of Agriculture and Food Security says there is no directive or decision to reduce the price of paddy, as alleged by a farmers' group. 

In a statement on Friday, the ministry said "there has been no directive or decision regarding reducing the paddy purchase price to date".

Agriculture ministry denies plan to reduce paddy purchase price

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

AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) on Thursday announced the resignation of Tunku Rozita Tunku Abdul Malek as its executive director and the managing director of its manager AmanahRaya-Kenedix REIT Manager Sdn Bhd, due to personal reasons.

AmanahRaya REIT announces resignation of Tunku Rozita and names Mohd Iskandar as acting MD

The Malaysian government has announced preliminary anti-dumping duties on the imports of tinplate — flat-rolled products of iron or non-alloy steel coated with tin — from China, India, Japan and South Korea, effective Saturday (Jan 11), at rates ranging from 2.52% to 36.8%.

Malaysia imposes preliminary anti-dumping duties on tinplate imports

Too many jobs? Stocks fall. Too few jobs? Stocks still fall.

Wall Street warns stocks need ‘goldilocks’ US payrolls report

Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.&nbsp;

Canada plots broad tariff retaliation if Trump starts trade war, Bloomberg reports

Deutsche Bank AG has changed the way it judges staff this bonus season, with a greater range of performance ratings and more weight given to non-financial aspects,&nbsp;such as teamwork.&nbsp;

The German lender now has five ratings for employees, up from three, people familiar with the matter said. While the new criteria won’t affect the overall size of the bonus pool, they could mean changes for individual pay, they said, asking not to be identified discussing the private information.

Deutsche Bank tweaks bonuses to emphasise metrics like 'teamwork'

The family of Thai businessman Vichai Srivaddhanaprabha, who died in a helicopter crash in 2018, has brought a legal action against Italian helicopter manufacturer Leonardo SpA in a London court valued at £2.15 billion (US$2.65 billion).

Family of Thai tycoon brings US$2.7b claim against Leonardo over Leicester City crash

US job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labour market ended the year on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.

US job growth beats expectations in December; unemployment rate falls to 4.1%

Wall Street's main indexes fell on Friday, with the S&amp;P 500 touching a one-week low after an upbeat jobs report stoked fresh inflation worries and reinforced bets that the Federal Reserve will take a cautious approach to interest rate cuts this year.

Uzma Bhd (KL:UZMA), through its subsidiary Setegap Ventures Petroleum Sdn Bhd (SVP), has secured a one-year contract extension worth RM100 million from Petronas Carigali Sdn Bhd.

Uzma bags RM100m contract extension from Petronas Carigali

Energy and commodities trader&nbsp;Vitol&nbsp;is attempting to reduce its storage costs with plans to remove significant amounts of aluminium from London Metal Exchange (LME) warehouses in Port Klang, Malaysia, three sources familiar with the matter said.

Vitol set to cut costs by taking aluminium from LME warehouses in Malaysia, Reuters reports

US President-elect Donald Trump will not go to jail or pay a fine over his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday, but the sentencing will place a judgment of guilt on his record.

Kumpulan Perangsang Selangor Bhd (KL:KPS) on Friday said its subsidiary's appeal to the Inland Revenue Board (IRB) against the RM7.89 million capital gains tax and penalty that was imposed on the company in November last year was accepted.

In a filing on Friday, KPS said the appeal was filed by its wholly owned Bold Approach Sdn Bhd on Dec 17 last year.

IRB drops RM7.9 mil tax claim against Kumpulan Perangsang Selangor

KUALA LUMPUR (Jan 10): Sapura Resources Bhd, a property and aviation group, announced several boardroom changes via bourse filings on Friday, including the appointment of Reza Abdul Rahim as its new chief executive officer, with immediate effect.

Just three months earlier on Oct 10, 202...

Sapura Resources names acting MD Reza Abdul Rahim as CEO in boardroom reshuffle

Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.33 hectares in Sungai Petani, Kedah, for RM14.17 million.

OSK Property buys more land in Sungai Petani

Economists predict that Malaysia's industrial production output will maintain its positive growth in the coming months, driven by increasing demand, though they remained cautious about potential headwinds arising from growing protectionist policies around the world.

Economists expect Malaysia's industrial output growth to maintain uptrend after November's acceleration

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Police have arrested five individuals, including a senior executive of a local broadcasting company, on suspicion of being involved in a money laundering case.

Inspector-General of Police Tan Sri Razarudin Husain said the four men and one woman aged between 20 and 60, were detained at several locations, including in Penang and Sarawak.

Metronic Global Bhd (KL:MTRONIC), which provides system integration services and integrated management systems, announced that its subsidiary, MAT JV Sdn Bhd, has been awarded a RM31 million contract by Gamuda M&amp;E Sdn Bhd to supply instrumentation systems for the Sungai Rasau Water Supply Scheme project.