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Flash: Prestariang confirms SKIN termination, says it's entitled to compensation
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Prestariang confirms SKIN termination, says it's entitled to compensation

It was a roller-coaster ride for global stock markets in the past week, as investors tracked closely US President Donald Trump’s reciprocal tariffs.

Navigating Trump’s tariff endgame

Janus Henderson, which manages US$379 billion in assets, is advising investors to cut stock holdings and buy more investment-grade sovereign bonds as tariffs threaten to slow global growth, its global head of its multi-asset strategy said.

Janus Henderson fund manager says investors should cut exposure to stocks as recession looms

European Central Bank president Christine Lagarde told the region’s finance ministers to let Brussels take the lead on trade discussions with the US, according to people familiar with the matter.

Lagarde tells finance chiefs to let EU take lead on trade talks

JPMorgan Chase & Co chief executive officer Jamie Dimon said he expects “a kerfuffle” in the US Treasury market that prompts a Federal Reserve intervention.

Dimon predicts Treasury market ‘kerfuffle’ where Fed steps in

Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail has been appointed the special adviser to the National Entrepreneur and Micro, Small and Medium Enterprises (MSME) Development Council.

Wan Rosdy appointed National Entrepreneur and MSME Development Council special adviser

Sweden's Volvo Cars, which is controlled by Chinese auto maker Geely, will need up to two years to expand its US car production in order to avoid hefty import tariffs, CEO Hakan Samuelsson told daily Dagens Nyheter (DN) on Friday.

Volvo Cars may take up to two years to expand US production to avoid tariffs, CEO tells daily DN

New York Federal Reserve (Fed) president John Williams said on Friday the Trump administration's current trade policies will accelerate inflation this year, while adding that it's critical for the US central bank to prevent longer-run expectations of price pressures from becoming unmoored.

Fed's Williams says tariffs will push up inflation, unemployment

Paramount Corp Bhd (KL:PARAMON) said its 70%-owned unit, Tanah Bayumas Sdn Bhd (TBSB), and two others are being sued over its RM145 million purchase of a luxury condominium site in Taman U-Thant.

The lawsuit seeks to block the transaction, failing which it demands RM313 million in damages — double the deal's value.

Paramount's 70%-owned unit and two others sued over Taman U-Thant land deal

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

TNB, Paramount, TXCD, UUE, SkyWorld, LBS Bina

Wall Street's main indexes dipped in choppy trading on Friday after China increased its tariffs on US imports, escalating a trade war that has hammered global markets in recent weeks, while investors assessed results from big Wall Street banks.

US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions.

Wall Street dips on tariff worries, big banks kick off earnings season

Treasuries fell, as the US$29 trillion (RM128.5 trillion) market heads toward its worst weekly loss since turmoil in the plumbing of the US financial system forced action from the Federal Reserve in 2019.

US Treasuries slide with sell-off worst since 2019 repo blowout

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

A police inspector told the High Court on Friday that if Muhammad Yusoff Rawther was having problems with the car locks, the car should have been parked inside the condominium’s parking area and not outside the condo’s premises.

Yusoff Rawther should have parked car inside condo if having issues with locks, says IO, but cross-examination answers seem to favour the defence

Janus Henderson, which manages US$379 billion in assets, is advising investors to cut stock holdings and buy more investment-grade sovereign bonds as tariffs threaten to slow global growth, its global head of its multi-asset strategy said.

Wall Street's main indexes dipped in choppy trading on Friday after China increased its tariffs on US imports, escalating a trade war that has hammered global markets in recent weeks, while investors assessed results from big Wall Street banks.

US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions.

US Defence Secretary Pete Hegseth has ordered the termination of several information technology services contracts valued at US$5.1 billion (RM22.6 billion), including companies such as Accenture and Deloitte, according to a Pentagon memo.

Pentagon to end US$5.1b in contracts with Accenture, Deloitte, others

JPMorgan Chase &amp; Co chief executive officer Jamie Dimon said he expects “a kerfuffle” in the US Treasury market that prompts a Federal Reserve intervention.

LBS Bina Group Bhd (KL:LBS) on Friday announced&nbsp; a first interim dividend of one sen per share, along with a final dividend of 1.1 sen per share, for the year ended Dec 31, 2024 (FY2024).

LBS Bina pays 4.7 sen dividend for FY2024, highest in seven years

Malaysia as the Asean chairman this year has successfully managed and organised all the conferences or related meetings held so far, said Prime Minister Datuk Seri Anwar Ibrahim.

Conferences related to Asean successfully held — Anwar

Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail has been appointed the special adviser to the National Entrepreneur and Micro, Small and Medium Enterprises (MSME) Development Council.

HSBC is preparing a foray into the white-hot market for private credit, five sources with knowledge of the plans said, the latest move by a global bank to get in on the booming sector.

HSBC's plan, reported here for the first time, shows how the bank is looking at ways to increase revenue after months of restructuring, job cuts and its biggest retrenchment from investment banking in decades.

HSBC explores private credit push, sources say

The federal government has agreed to proceed with the preliminary works for five priority projects in Pahang, Prime Minister Datuk Seri Anwar Ibrahim said.

Federal govt green-lights early works for Pahang’s priority projects — Anwar

Sweden's Volvo Cars, which is controlled by Chinese auto maker Geely, will need up to two years to expand its US car production in order to avoid hefty import tariffs, CEO Hakan Samuelsson told daily Dagens Nyheter (DN) on Friday.

US consumer sentiment tumbled to an almost three-year low while short- and long-term inflation expectations soared to multi-decade highs on growing tariff concerns.

US consumer sentiment extends plunge as price expectations soar

European Central Bank president Christine Lagarde told the region’s finance ministers to let Brussels take the lead on trade discussions with the US, according to people familiar with the matter.

It was a roller-coaster ride for global stock markets in the past week, as investors tracked closely US President Donald Trump’s reciprocal tariffs.

New York Federal Reserve (Fed) president John Williams said on Friday the Trump administration's current trade policies will accelerate inflation this year, while adding that it's critical for the US central bank to prevent longer-run expectations of price pressures from becoming unmoored.

Aftermarket automotive parts and components distributor MSB Global Group Bhd, which is slated to be listed on April 15, has reported a net profit of RM1.59 million for the fourth quarter ended Dec 31, 2024 (4QFY2024).

Quarterly revenue stood at RM15.74 million, with the automotive parts and components segment accounting for 67.28% of total sales, according to the company's exchange filing on Friday.

ACE Market-bound MSB Global posts RM1.6 mil quarterly profit

The Court of Appeal has fixed May 22 to hear Kinabatangan Member of Parliament Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad’s application to obtain&nbsp;leave to review a ruling requiring them to enter their defence on three corruption charges involving RM2.8 million.

Court of Appeal sets May 22 to hear Bung Moktar, wife's graft review bid

Prime Minister Datuk Seri Anwar Ibrahim on Friday emphasised that education should cultivate not only intellectual capacity but also core values such as freedom, peace and unity.

He said the real challenge for the education system was to ensure students were equipped with knowledge and information, while also possessing the ability to distinguish between right and wrong.