<div class=newsTextDataWrapInner>Covid-19: Malaysia reports five new cases today versus 16 recoveries, with no deaths</div>
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Covid-19: Malaysia reports five new cases today versus 16 recoveries, with no deaths

South Korea announced on Tuesday an increase in its support package for the country's vital semiconductor industry to 33 trillion won (US$23.25 billion), up about a quarter from a 26 trillion won package unveiled last year.

South Korea unveils US$23 billion support package for chips amid US tariff uncertainty

(April 15): A degree of calm returned to Wall Street, with stocks and bonds notching a twin rally after a tumultuous week in the grip of President Donald Trump’s disruptive trade war.

With the White House signaling a tariff reprieve on key consumer electronics, the S&P 500 gained al...

US stocks, bonds climb after week of upheaval

(April 15): Four Chicago pension funds are estimated to have lost nearly $1 billion amid the market rout set off by President Donald Trump’s tariff policies, a blow to the city’s retirement programs that are among the least funded of all major US cities.

While the largest 25 state and l...

Tariff-fueled market rout cost Chicago’s pensions $1 billion

(April 14): Norinchukin Bank’s disastrous last fiscal year has had one silver lining for Japan’s $300 billion investing giant — it helped shield it from the turmoil unleashed by Donald Trump’s tariffs this month.

New Chief Executive Taro Kitabayashi said the bank finished selling off it...

Norinchukin dodges Trump’s market chaos after selling Treasuries

(April 15): Worries over global trade dragged the dollar to a six-month low on Monday, with traders in foreign exchange, options and futures markets positioning for more weakness ahead.

The Bloomberg Dollar Spot Index extended declines for a fifth day, falling as much as 0.5% b...

Dollar’s losing run shows Wall Street angst with tariff u-turns

KUALA LUMPUR (April 15): The Malaysian government has confirmed a state funeral will be held for former prime minister Tun Abdullah Ahmad Badawi at Masjid Negara in Kuala Lumpur on Tuesday, with final rites and burial scheduled at the National Heroes Mausoleum or Makam Pahlawan.

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Malaysia declares state funeral for Tun Abdullah Ahmad Badawi

LVMH, the world's largest luxury group, said on Monday sales fell 3% over the first quarter, missing expectations and confirming a sector slowdown as shoppers held back on purchases of designer fashion in a choppy economic environment.

LVMH posts 3% drop in sales as core business slumps

US President Donald Trump’s trade war may have already inflicted persisting economic damage and could still lead to a financial crisis, according to Scope Ratings. 

That latter outcome was one of three scenarios outlined on Monday by the Berlin-based credit-assessment company in a report that warned of collateral damage on other economies including America’s major trade partners.

Financial crisis is one scenario in US trade war, says Scope Ratings 

TikTok users in the US are being inundated with videos from Chinese influencers encouraging American buyers to overcome punitive Trump tariffs by buying direct from the “world’s factory” — China.

Mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica Inc to Nike Inc, the influencers aim to “expose” how the vast majority of consumer goods are made in the world’s second-largest economy.

China suppliers mock tariffs with Nike, Lululemon deals on TikTok

Treasuries gained, snapping a five-day selloff that drove 10-year yields up by the most in over two decades, as stocks advanced after the US temporarily exempted some tech products from its tariffs.

Treasuries snap five-day selloff as tariff reprieve lifts stocks

Former Treasury secretary Janet Yellen said that the recent sell-off in Treasuries signalled a worrying drop in confidence in American policymaking, rather than a dysfunctional event that warrants Federal Reserve (Fed) intervention.

Yellen says sell-off in Treasuries shows US confidence loss, not dysfunction

Practice Note 17 (PN17) company Reach Energy Bhd (KL:REACH) will have its shares suspended from trading on April 22, and may be delisted on April 24, after Bursa Malaysia Securities rejected its third extension request to submit a regularisation plan.

Reach Energy faces trading suspension, possible delisting, as regularisation plan deadline extension rejected

TikTok users in the US are being inundated with videos from Chinese influencers encouraging American buyers to overcome punitive Trump tariffs by buying direct from the “world’s factory” — China.

Mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica Inc to Nike Inc, the influencers aim to “expose” how the vast majority of consumer goods are made in the world’s second-largest economy.

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

Reach Energy, Cahaya Mata, Able Global, Pestec, Bina Puri, Jentayu Sustainables

KUALA LUMPUR (April 15): The Malaysian government has confirmed a state funeral will be held for former prime minister Tun Abdullah Ahmad Badawi at Masjid Negara in Kuala Lumpur on Tuesday, with final rites and burial scheduled at the National Heroes Mausoleum or Makam Pahlawan.

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Nvidia said it is planning to build AI servers worth as much as US$500 billion (RM2.2 trillion) in the US over the next four years with help from partners such as TSMC, the latest American tech firm to back the Trump administration's push for local manufacturing.

Nvidia to produce AI servers worth up to US$500b in US over four years

Wall Street's main indices rose on Monday, boosted by gains in technology stocks after the White House exempted smartphones and computers from new tariffs on Chinese imports, although additional levies on semiconductors remain imminent.

Tech stocks power Wall St higher after Trump's tariff relief for some electronics

Police on Monday detained Raub Member of Parliament Chow Yu Hui and Save Musang King Alliance (Samka) chairman Wilson Chang to assist in investigations into a case&nbsp;of obstructing public servants from discharging&nbsp;their duties&nbsp;during a recent enforcement operation at a durian farm in Raub.

Raub MP, Save Musang King Alliance chairman arrested over durian farm incident

Malaysia’s fifth Prime Minister Tun Abdullah Ahmad Badawi was more than just a national leader, but a statesman with a generous spirit, who introduced a new narrative to Malaysia’s power politics, said Prime Minister Datuk Seri Anwar Ibrahim.

Pak Lah, a gracious statesman who redefined Malaysia's political narrative — Anwar

（吉隆坡14日讯）我国第五任首相敦阿都拉于今日与世长辞，享年85岁。

前首相“Pak Lah”逝世 享年85岁

TXCD Bhd (KL:TXCD) has submitted an application to Bursa Malaysia Securities Bhd for an extension of time (EOT), seeking an additional six months until Oct 29, 2025 to submit its regularisation plan.

TXCD seeks six-month extension from Bursa for regularisation plan submission

(April 14): Norinchukin Bank’s disastrous last fiscal year has had one silver lining for Japan’s $300 billion investing giant — it helped shield it from the turmoil unleashed by Donald Trump’s tariffs this month.

New Chief Executive Taro Kitabayashi said the bank finished selling off it...

The US Federal Trade Commission (FTC) is finally having its day in court against Meta Platforms Inc, arguing that the company must be broken up for illegally monopolising the social media market after buying Instagram and WhatsApp more than a decade ago.

Meta faces potential breakup with FTC antitrust trial starting

Perak Amanah Youth has lodged a police report over alleged fraud involving the religious teaching credentials of Ayer Kuning state by-election candidate Abd Muhaimin Malek of Perikatan Nasional (PN).

Ayer Kuning: Amanah lodges police report on PN state by-election candidate's religious credentials

White House National Economic Council (NEC) director Kevin Hassett dismissed the idea of a recession looming this year, countering some Wall Street forecasts of an economic downturn resulting from the steep tariff hikes being imposed by President Donald Trump.

Hassett very sure US not expecting a recession this year

Any form of cooperation between Pakatan Harapan (PH) and Barisan Nasional (BN) for the 17th Sabah state election this year will be finalised soon, DAP secretary-general Anthony Loke said.

PH-BN cooperation for Sabah polls to be finalised — Loke

Perak Parti Keadilan Rakyat (PKR) deputy information chief K Novinthen has beaten incumbent and two-term division chief S Kesavan for the position of Sungai Siput PKR division chief in the divisional polls in Perak.

Novinthen new Sungai Siput PKR division chief after beating Kesavan

Archer-Daniels-Midland Co (ADM), one of the world’s largest crop traders, is shrinking its operations in China as part of a company-wide restructuring effort following a downturn in profits and a bruising accounting scandal.

ADM quits China domestic crop trading, adding to global job cuts

Goldman Sachs Group Inc’s stock traders posted their highest quarterly revenue haul on record, riding a wave of volatility triggered by an emerging global trade war that’s roiled financial markets.

Equity-trading revenue rose 27% from a year earlier to US$4.19 billion (RM18.52 billion) for the first three months of the year, according to a statement on Monday.

Goldman’s stock traders ride volatile markets to record quarter

LVMH, the world's largest luxury group, said on Monday sales fell 3% over the first quarter, missing expectations and confirming a sector slowdown as shoppers held back on purchases of designer fashion in a choppy economic environment.