CGS-CIMB lifts the construction and materials sector to ‘overweight’ from ‘neutral’

Slower US job, wage gains expected in May

'Relentless' heatwaves scorch southern China, test power grids

Now seen as an AI stock, SoftBank is set for its best week in three years

Chanel adds new Hong Kong retail space as tourists return

Debt holders of Brazilian retailer Americanas to rebuff recovery plan

US imposes sanctions on companies tied to Sudan forces as fighting rages

PwC contracts frozen by US$191b Australian pension fund

Malaysia’s economic growth to moderate to 4.5% in 2023, says IMF

Oil prices rise as Congress approves US debt ceiling bill

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

Malaysia's corporate profits disappoint on slowing demand, with little help from China reopening

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

Kenanga Research projects  CY23F FBM KLCI earnings to contract by 1.2%

HLIB Research says Velesto's valuations have become inflated

Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer

Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

Biden trips and falls during graduation ceremony, recovers quickly

Ringgit rises against US dollar in early session on June 2

Australia raises minimum wage by 5.75% as living costs surge

US job growth likely slowed in May, with wages coming off the boil, potentially allowing the US Federal Reserve (Fed) to skip an interest rate hike this month for the first time since embarking on its aggressive policy tightening campaign more than a year ago.

Having sweltered through May, southern and eastern China face more weeks of unrelenting heatwaves, putting power grids under strain as demand for air-conditioning soars in mega-cities like Shanghai.

Americanas SA debt holders are set to rebuff the Brazilian retailer's bankruptcy recovery plan, according to minutes of meetings to discuss the plan released on Thursday (June 1).

The US on Thursday (June 1) imposed sanctions on companies it accused of fuelling the conflict in Sudan, stepping up pressure on the army and a rival paramilitary force to stop fighting raging in Khartoum and other regions.

Oil prices rose on Friday (June 2) amid bullish sentiment following the passage of a US debt ceiling bill in Washington, while markets weighed the likelihood of price-supportive Opec+ production cuts over the weekend.

SEOUL (June 2): South Korea's consumer inflation eased for a fourth consecutive month in May to its slowest pace in 19 months, data showed on Friday, matching market expectations.

South Korean inflation cools to 19-month low

WASHINGTON (June 1): US Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to "get the most out of the bank's balance sheet" and mobilise more private capital for climate finance and global development objectives, the Treasury said.

Yellen urges new World Bank chief to 'get the most' from balance sheet

WASHINGTON (June 1): The US Senate is on track to pass a bill to lift the government's US$31.4 trillion debt ceiling late on Thursday, Democratic Majority Leader Chuck Schumer announced, adding, "We are avoiding default tonight".

US Senate set to pass debt limit suspension bill on Thursday night

SYDNEY (June 2): Australia's independent wage-setting body said on Friday it would raise the minimum wage by 5.75% from July 1, as families grapple with soaring living costs.

The lowest-paid employees will receive A$22.61 ($15.34) an hour from July 1, according to Reuters calculations b...

NEW YORK (June 2): Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla Inc CEO of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.

In a Wednesday night filing in Manhattan federal court, investors said Musk ...

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