Global shares rose on Tuesday, driven by a recovery on Wall Street, where investor focus is pinned on earnings reports from the US megacaps, while the yen hit a new 34-year low against the dollar, prompting a warning from Japanese officials.

Stocks gear up for Big Tech earnings; yen toys with danger zone 

Global equities are more attractive after the recent rout removed market froth and as investors focus on robust corporate earnings, according to Citigroup Inc strategists.

Citi strategists say buy dips in global stocks on solid earnings 

Geopolitical risk topped the list of concerns among US corporate credit investors, according to a new survey by BofA Global Research.

The finding coincides with an escalation in the conflict in the Middle East. Israel has been fighting the Hamas and Hezbollah militant groups since October, and hostilities with Iran ramped up last week.

Geopolitical tensions are US credit investors' top concern, BofA survey says

A sharp selloff in US bonds so far in April is prompting some investors to consider allocating more funds to the asset class to lock in higher yields ahead of interest rate cuts by the Federal Reserve (Fed), a prospect that remains investors’ base case despite US economic resilience.

US bond bulls lean into latest selloff despite inflation scare

World stocks recovered some losses on Monday and bonds, oil and gold dipped as investors reversed some of their more defensive positions taken going into the weekend on fears of a wider Middle East conflict.

Stocks rebound, oil and gold retreat on tempered Mideast fears

The Nasdaq and the S&P 500 closed sharply lower on Friday and Treasury yields dipped as investors juggled lacklustre earnings, uncertainties surrounding central bank policy and geopolitical strife.

Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents

Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.

Exports dropped 16% by value in March to two billion Swiss francs (RM10.49 billion) from a year earlier, the Federation of the Swiss Watch Industry said on Thursday.

Swiss watch exports plunge as China, Hong Kong demand dries up

Norway's US$1.6 trillion (RM7.6 trillion) sovereign wealth fund, one of the world's largest investors, said on Thursday it would vote in favour of a proposal letting NatWest buy back more of its stock from the British government, amid efforts to speed up privatisation.

Norway wealth fund backs NatWest plan to buy back stock from govt

Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.

Asian stocks mixed as soaring dollar pauses

World shares edged up on Wednesday, though investors stayed cautious at the prospect of US interest rates staying higher for longer, which in turn pushed Treasury yields to five-month highs and buoyed the dollar.

Shares edge up but bonds buffeted by Fed disappointment

Global regulators proposed a package of measures to ensure hedge funds and other investors from outside the banking sector are better able to cope with margin and collateral calls in times of market stress.

Regulators want to better prepare funds for margin calls

Fear that interest rates in major economies will stay relatively high is creeping back and threatens a painful wake-up call for financial markets, big investors warn.

Painful high rates wake-up call threatens global markets

The world’s biggest bond market was hammered anew, with the two-year yield briefly hitting 5% after Jerome Powell signalled policymakers are in no rush to cut interest rates.

US yields spike as hawkish Powell puts 5% in play

Global stocks slid to two-month lows, while the dollar rose to its highest in over five months on Tuesday, after stronger-than-expected US retail sales further reinforced the view that the Federal Reserve may not rush to cut interest rates this year.

Stocks slide, dollar up as ‘higher for longer’ rate view takes root 

KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.

Ex-Sapura Energy CEO Shahril settles defamation suit against Rafizi

While Sapura Energy Bhd has resolved one key condition of its reset plan, analysts maintained their recommendations on the group, as an arduous journey remains to address its balance sheet position.

Sapura Energy not out of the woods, market to closely watch ex-SapuraOMV earnings, debt recapitalisation moves

KUALA LUMPUR (April 23): The government’s moves to implement targeted subsidies and review the civil service salary scheme are based on the principle of prioritising the interests of the people and the nation, said Communications Minister Fahmi Fadzil.

Fahmi: Govt’s moves on targeted subsidies, civil service new salary scheme prioritise nation’s interest

KUALA LUMPUR (April 23): Construction outfit Haily Group Bhd has secured a RM109.5 million contract to undertake the construction and completion of 332 units of double-storey terrace houses in Pontian, Johor.

Haily bags RM109.5 mil housing jobs in Johor from Gadang’s unit

Leading countries in the Islamic finance space within the Asean region, such as Malaysia and Indonesia, should collaborate in the banking and takaful sectors, as bright prospects are seen for both Islamic finance and financial technology (fintech) in the region, said Bank Negara Malaysia (BNM) deputy governor Adnan Zaylani.

Malaysia, Indonesia should forge alliance to enhance Islamic finance, fintech growth in Asean — BNM

The ringgit closed slightly lower on Tuesday against the greenback after Asian foreign exchange (FX) markets displayed mixed performance against the US dollar.

Ringgit closes lower against US dollar 

DAP will announce its candidate for the May 11 Kuala Kubu Baharu by-election on Tuesday.

Pakatan Harapan (PH) by-election director Ng Sze Han said the candidate selection will take place during Monday night's PH leadership council meeting, chosen from a list of 10 potential candidates previously shortlisted.

DAP to unveil Kuala Kubu Baharu by-election candidate on Tuesday

KomarkCorp Bhd, which lost its defamation suit against The Edge Communications Sdn Bhd in the High Court last month, is appealing against the court's decision, which found that the media company had not defamed it in an article about the manipulation of penny stocks that was published nearly three years ago.

KomarkCorp appeals against High Court's ruling that The Edge did not defame company

Petronas Gas Bhd (PetGas) is committed to creating sustainable value from its core businesses while pursuing growth.

This commitment involves securing high-impact projects by leveraging PetGas’ core competencies and exploring industry-adjacent opportunities, the group stated in a release on Tuesday, in conjunction with its 41st annual general meeting (AGM).

PetGas stresses commitment to sustainability, announces total dividend of 72 sen per share for 2023

Matrix Concepts Holdings Bhd unveiled the second phase of Resort Villa in Bandar Sri Sendayan, Seremban last Friday (April 19).

Matrix Concepts unveils phase two of Resort Villa

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.

Topmix surges 32% on ACE Market debut

Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ near record high, IHH surges as analysts bet on more upside

Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.

Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.

Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.

Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.

Swatch says advocating compassion for LGBTQ is not a crime, seizure illegal

Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.

Ex-Umno leader ready to apologise in contempt of court case

ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.

ATX Semiconductor to boost investment in Melaka to RM952m

Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;

Moomoo Malaysia surpassed 100,000 clients within six weeks of its debut in Malaysia

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.

SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.

According to marke...

GDB Holdings a front runner for several jobs

PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY.&nbsp;

Tropicana partners Maybank Islamic to offer HouzKEY home financing solution

Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.

October hearing for Rosmah's appeal in solar project graft trial

KUALA LUMPUR (April 23): Malaysia has emerged as the most significant country within Asean for businesses to venture into, as shown by the UOB Business Outlook Study 2024 (SMEs &amp; Large Enterprises).

Malaysia emerges as prime destination for Asean biz expansion — UOB study

High crude oil prices&nbsp;caused by&nbsp;tension in the Middle East&nbsp;will help to boost Malaysia's oil and gas exports. However, escalated fuel&nbsp;prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).

SERC: Escalated oil price boon and bane for Malaysia

Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.

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