Oil jumps 3% on US debt ceiling progress, OPEC+ in focus

Wall St rises on debt ceiling deal cheer, hopes of Fed pause

Malaysia will not experience water supply crisis during El Nino — SPAN

Iskandar Investment records US$6.8 bil worth of investments since 2006 — Onn Hafiz

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

Kelington acquires 17% stake of Ace Gases Marketing for RM4.41 mil in share swap deal

Fed signal for rate pause takes pressure off hot jobs report

Stocks rise on debt-deal optimism, Fed pause talk

Fear of US-China conflict looms over Singapore defence forum

EU sees red over Chinese demands for cosmetics trade secrets

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Star Media redesignates MCA Wanita chief Wong You Fong as non-independent director

Vietnam builders halt US$34b projects as crisis lingers

Anwar orders review of affordable housing requirements for developers

Bursa ends lower on sluggish momentum

US stock indexes rose by midday trading on Thursday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling amid bets that the Federal Reserve will skip raising interest rates in its next meeting.

Investors also looked on economic indicators, including the ADP National Employment Report that showed more-than-expected jobs additions in May, while a separate reading said weekly jobless claims increased modestly, both suggesting the labour market's resilience.

US manufacturing contracted for a seventh straight month in May as new orders continued to plummet amid higher interest rates, but factories boosted employment to a nine-month high.

US manufacturing slumps further in May while employment picks up — ISM

KKR & Co is moving a managing director from India to Singapore to lead the firm's Southeast Asia private equity business, two familiar with the matter sources told Reuters, bolstering its personnel in the region.

KKR India moves Kumar to Singapore to lead Southeast Asia PE — sources

The number of Americans filing new claims for unemployment benefits increased modestly last week, suggesting the labour market remains tight despite growing fears of a recession amid higher borrowing costs.

US weekly jobless claims rise modestly; layoffs increase in May

Governments need to speed up permitting of new mines to boost their chances to meet a surge in demand for minerals vital to feed the clean energy transition, Teck Resources chief executive Jonathan Price said on Thursday (June 1).

Governments must speed up mine permits to meet transition needs — Teck CEO

Swiss National Bank Chairman Thomas Jordan on Wednesday (May 31) defended recent interest rate hikes to tackle inflation, saying they were neither damaging for Swiss financial stability nor responsible for the downfall of Credit Suisse.

SNB defends raising rates, says not to blame for Credit Suisse failure

Apple Inc supplier Foxconn will start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, the state government said on Thursday (June 1).

The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at 130 billion rupees (US$1.59 billion or RM7.27 billion), is expected to create around 50,000 jobs.

Foxconn to make iPhones in India's Karnataka by next April, says state govt

Singapore authorities detained one of the oil tankers from Gatik Ship Management's fleet, a major carrier of Russian oil to India, for three days last month over safety issues, according to port state control data from Tokyo MoU.

Singapore detained Gatik tanker in May over safety issues

Russia's Federal Security Service (FSB) said on Thursday (June 1) it had uncovered a US National Security Agency (NSA) plot using previously unknown malware to access specially made so-called backdoor vulnerabilities in Apple phones.

Russia says US accessed thousands of Apple phones in spy plot

A Russian court on Thursday (June 1) fined messenger service WhatsApp three million roubles (RM170,800) for not deleting banned content, its first fine in Russia for that offence.

Reuters

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