Commodities

MPOC seeks clarification on Malaysia's standard risk status

KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) will request clarification from the European Commission (EC) on its full benchmarking methodology used in its assessment on the 'standard risk' status given to Malaysia under the European Union Deforestation Regulation (EUDR).

Economy

Asia must not succumb to tariff retaliation, Singapore cbank official says

SINGAPORE: Asian economies must remain agile and not succumb to tit-for-tat tariff retaliation, a deputy managing director of the Monetary Authority of Singapore said on Friday.

Markets

Asian shares make cautious gains as beaten-down Treasuries find support

SYDNEY: Asian shares made some tentative gains on Friday as beaten-down Treasuries found buyers after U.S. President Donald Trump's tax bill narrowly passed the lower house, although debt worries still lingered.

Economy

Japan's core inflation hits more than 2-year high, could force year-end BOJ hike

TOKYO: Japan's core inflation accelerated at its fastest annual pace in more than two years in April, data showed on Friday, raising the odds of another interest rate hike by year-end.

Forex

Ringgit opens higher against greenback on lower US$ index

KUALA LUMPUR: The ringgit opened stronger against the US dollar on Friday, due to a weaker US Dollar Index (DXY) amid mixed economic data, said an analyst.

Stock on the Move

Eco-Shop rises 10% in Main Market debut

KUALA LUMPUR: The trading stock of Eco-Shop Marketing Bhd rose 10.62% from its initial public offering (IPO) price as trading of its shares commenced on the Main Market of Bursa Malaysia on Friday.

Commodities

Oil falls on stronger US dollar, possibility of higher Opec+ output

OIL prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output.

Markets

FBM KLCI rises in morning trade after losing streak

KUALA LUMPUR: Malaysia's main stock index started higher on Friday, raising hopes that the losing streak could finally be at an end.

Corporate News

Trading ideas: Mesiniaga, Gas Malaysia, Uzma, CelcomDigi, YTL Power, KLK, UEM Sunrise, Bumi Armada, Batu Kawan, DRB-Hicom, DLMI, Prolintas, Press Metal, Cahya Mata

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Retail

Adidas, Puma expected to hike sportswear prices following Nike as US tariffs hit

LONDON: Adidas and Puma are likely to hike prices for running shoes and sportswear in the United States, following Nike's lead, analysts and investors said on Thursday, as U.S. tariffs on imports drive costs up for retailers.

Markets

Wall Street stocks end mostly flat in choppy trade as Treasury yields ease

NEW YORK: U.S. stocks closed a choppy session little changed on Thursday, erasing initial declines as Treasury yields eased off recent highs after the House of Representatives passed U.S. President Donald Trump's tax and spending bill.

Property

Indonesia in rent-to-own scheme proposal

Property developers have proposed a rent-to-own scheme as a way to ease homeownership access for workers in the informal sector.

Corporate News

WOMEN WHO REFUSE TO SETTLE

All eyes were on her – not for fitting in, but for standing out. In a soil mechanics lab at the University of Miami, a young Datuk Nik Airina Nik Jaffar, then a master's student and teaching assistant, stood before a room of mostly male engineering students from around the world.

Markets

Tariffs remain a key factor swaying markets in Vietnam

As global trade tensions subside, stock markets, including Vietnam's, are seeing a positive response.

Economy

Central bank trims benchmark interest rate

Bank Indonesia (BI) has cut its benchmark interest rate by 25 basis points (bps) in an effort to boost economic growth while inflation is under control.

Economy

S. Korean port cranes key leverage in US tariff talks

Port cranes have surfaced as South Korea's next bargaining chip in tariff negotiations with the United States in the wake of the Trump administration's efforts to phase out made-in-China cranes at US ports.

Insight

M&S has more to worry about than its recent hacker attack

This isn't just a cyber attack, it's an M&S cyber attack. To borrow a phrase from the retailer's famous food ads, Marks and Spencer Group Plc has been hit hard by the spate of hacks of retailers' information-technology systems.

Corporate News

UnitedHealth share price plunge stuns Wall Street

When CFRA's Paige Meyer slapped a "sell" rating on UnitedHealth Group Inc in February, she was the lone analyst out of 30 tracked by Bloomberg with a negative view of the company.

Corporate News

BYD turns up heat in Europe with Dolphin Surf EV

Chinese electric vehicle (EV) maker BYD's low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives.

Energy

China’s LNG traders emerge as worldwide swing suppliers

Chinese gas firms are taking advantage of diverse supply sources and a flexible power generation system to lean into the role of global swing suppliers.