China’s demand for new homes in cities is expected to stay at 75% below its 2017 peak in the coming years due to a shrinking population and expectations of price declines that have been hurting investment interest, according to Goldman Sachs Group Inc.

China's housing demand to stay at 75% below peak, Goldman says

The US State Department has signed off on the potential sale of military hardware to Australia valued at an estimated US$2 billion (A$3.1 billion or RM8.5 billion), including fighter jet spare parts.

US approves sale of US$2b in military hardware to Australia

SoftBank Group Corp raised around US$4.8 billion (RM20.4 billion) through a sale of T-Mobile US Inc shares, a move that helps fund the Japanese company’s grandiose plans for artificial intelligence (AI).

The Tokyo-based technology group sold 21.5 million T-Mobile shares for US$224 each — pricing at the bottom of the US$224 to US$228 range — in an unregistered overnight block sale, according to the final terms of the deal seen by Bloomberg News. The offering — which Bloomberg reported earlier — represents a discount of 3% to T-Mobile US’ Monday closing price of US$230.99 per share.

SoftBank sells T-Mobile stake for US$4.8b to fund AI push

China warned the Iran-Israel conflict may spread wider instability in the Middle East, with Foreign Minister Wang Yi reaching out to both countries as their days-old conflict shows no end in sight.

“If the conflict between Israel and Iran continues to escalate or even spill over, the other countries in the Middle East will inevitably bear the brunt,” Chinese Foreign Ministry spokesman Guo Jiakun said in a regular briefing on Monday.

China calls for peace, warning that Iran-Israel conflict may spiral

US President Donald Trump indicated at the Group of Seven (G7) Summit that he is in no rush to impose tougher sanctions on Russia, dismissing pressure from allied leaders eager to do more to push Moscow to the negotiating table.

Trump says sanctions on Russia would cost US ‘a lot of money’

Warner Bros Discovery Inc said it won enough support from creditors to overhaul its debt as part of a plan to split into two separate companies, a significant victory for the entertainment giant as it tries to turn itself around. 

The company said last week that it’s dividing into two separate corporations, one focusing on streaming and movie studios, and the other on cable television channels. As part of that division, it said it’s looking to buy back some US$14.6 billion (RM61.9 billion) of bonds, and to switch the terms on remaining debt to give it more flexibility to shift around assets in the future, among other changes.

Warner Bros wins support from bondholders for debt overhaul

China churned out a lot less steel in May compared to the previous year as mills responded to the government’s pledge to cut production.

China cuts steel output as Beijing’s curbs start to take effect

US stock futures slipped and oil prices rose on Tuesday, as investors were rattled by US President Donald Trump's call for everyone to evacuate Tehran with the fifth-day of Israel-Iran fighting sowing fears of a broader regional conflict.

US stock futures slip, oil jumps as Trump calls for Tehran evacuation

Central banks have been selling Treasuries since March, suggesting that they are diversifying away from dollar assets, according to Bank of America Corp (BofA).

Foreign demand for Treasuries is showing ‘cracks,’ BofA says

OpenAI has won a US$200 million (RM848.1 million) contract for a pilot programme aimed at helping the US Defense Department determine how it could use artificial intelligence (AI) for a range of administrative and security tasks.

OpenAI clinches US$200 mil contract with US Defense Department

US Senate Republicans on Monday proposed a tax and budget bill that would end the US$7,500 (RM31,804) tax credit on new electric vehicle (EV) sales 180 days after the measure is signed into law and immediately end the credit for leased EVs made outside North America.

Senate Republicans seek to kill $7,500 EV tax credit

Hedge fund founder Jonah Cheng calls Nvidia Corp the best pick of his career. But he has now sold the last of his shares in the company, expressing doubts about the outlook for the US$3.5 trillion (RM14.8 trillion) chipmaker.

The former UBS Group AG analyst, whose tech-focused fund generated returns of 42% last year, was among the investors who rode Nvidia’s breakneck rise over the past decade. It was one of the first stocks he bought when he set up the Captain Global Fund in 2016, and he has reinvested multiple times since then.

Hedge fund up 42% last year offloads its biggest winner Nvidia

DBS Group Holdings Ltd, Singapore’s largest lender, is planning to recruit 100 bankers catering to the rich in Hong Kong over the next three years with clients having more appetite to trade.

DBS to add 100 wealth bankers in Hong Kong as clients trade more

The British government is set to finalise a £500 million (RM2.88 billion) rail steel deal between Network Rail and British Steel, aiming to protect thousands of jobs at a steelmaking plant in Eastern England that was brought under state control earlier this year.

UK finalises £500 mil rail contract to save British Steel jobs

The 5% sales and service tax (SST) on latex will likely put a squeeze on Malaysian glove makers' profit margins and further undermine their competitiveness on a global scale, according to Apex Securities.

Sales tax to squeeze Malaysian glove makers' profit margins and undermine global competitiveness, says Apex Securities

Former MIC president Datuk Seri G Palanivel died on Tuesday. He was 76.

MIC vice-president Datuk T Murugiah, when contacted by Bernama, confirmed that the former minister of natural resources and environment, died at the Kuala Lumpur Hospital at 8am.

Former MIC president Palanivel dies

The 46th ASEAN Summit, held over two days, has successfully showcased Malaysia’s digital strength through seamless, high-speed 5G internet connectivity.

ASEAN Summit Showcases Malaysia’s Robust 5G Connectivity

When Paula Comings, the head of currency sales for US Bancorp, talks to US importers, she increasingly hears the same message: Their foreign counterparties no longer want to be paid in dollars.

Many exporters no longer want dollars — US bank executive

Malaysia has advanced 11 spots in the World Competitiveness Ranking 2025 to 23rd among 69 economies — its best ranking since 2020 — according to the Ministry of Investment, Trade and Industry (Miti).

In 2024, Malaysia was ranked 34th in the list after falling seven spots from 27th in 2023.

Malaysia rises 11 spots to 23rd in World Competitiveness Ranking, its best placement since 2020

Israel&nbsp;and Iran attacked each other for a fifth straight day on Tuesday, and US&nbsp;President Donald Trump urged Iranians to evacuate Tehran, citing what he said was the country's rejection of a deal to curb nuclear weapons development.

Trump urges Tehran evacuation as Iran-Israel conflict enters fifth day

US President Donald Trump and Japanese Prime Minister Shigeru Ishiba failed to reach an agreement on a trade package on the sidelines of the Group of Seven (G7) Summit, an outcome that leaves the Asian nation inching closer to a possible recession as the pain of US tariffs hits its economy.

Trump, Ishiba fail to reach US-Japan trade deal at G7 Summit

Six business associations are calling on the government to postpone the upcoming expansion of the sales and service tax (SST).

Six business groups urge govt to delay SST expansion, warn of inflation and job losses

Pan Merchant Bhd is slightly overvalued at the initial public offering (IPO) price, Public Investment Bank said ahead of its listing on the ACE Market.

The industrial filter manufacturer is worth just 25 sen, below its IPO price of 27 sen per share, the research house said in a note on Tuesday. The fair value is based on 15 times its forward earnings, a 25% discount to the average multiple of 20 times of its more prominent global peers.

Pan Merchant slightly overvalued at IPO price, says Public Investment Bank

US&nbsp;stock futures slipped and oil prices rose on Tuesday, as investors were rattled by US&nbsp;President Donald Trump's call for everyone to evacuate Tehran with the fifth-day of Israel-Iran fighting sowing fears of a broader regional conflict.

A 67-year-old man lost more than RM1.7 million after falling victim to a share investment scam via WhatsApp.

Johor police chief CP Datuk M Kumar said the victim, a private company manager, lodged a report on June 12 claiming that his phone number had been added to a WhatsApp group named "C-10 Freeman Saham 17" in April.

Manager loses over RM1.7 mil in share investment scam

US&nbsp;stocks&nbsp;closed higher on Monday, as oil prices retreated after the Israel-Iran&nbsp;attacks&nbsp;left crude production and exports unaffected, easing investor concerns about the potential for higher energy prices to stoke inflation.

US equities end higher as oil prices pull back on truce hopes

The 5% sales and service tax (SST) on latex will likely put a squeeze on Malaysian glove makers' profit margins&nbsp;and further undermine&nbsp;their competitiveness&nbsp;on a global scale, according to Apex Securities.

Sales tax to squeeze Malaysian glove makers' profit margins and undermine global competitiveness, says Apex

Senate Republicans plan to delay and make less onerous a levy targeting foreign companies and investors from countries that the US determines have been unfairly taxing US companies.

The provision, officially known as Section 899 and informally known as the “revenge tax,” was drafted by House Republicans and supported by the White House to counter several European countries, Canada, Australia and more nations from taxing US firms in a way those lawmakers argue is discriminatory.

Senate delays and scales back ‘revenge tax’ in Trump bill

DBS Group Holdings Ltd, Singapore’s largest lender, is planning to recruit 100 bankers catering to the rich in Hong Kong over the next three years with clients having more appetite to trade.&nbsp;

Oil fell on signs that the conflict in the Middle East may avoid disrupting crude production, with Iran seeking to deescalate hostilities with Israel.&nbsp;

West Texas Intermediate slid 1.7% to settle below $72 a barrel after spiking to start the session and swinging in an $8 throughout the day.

Oil drops on signs conflict may spare Iranian crude production

Hedge fund founder Jonah Cheng calls Nvidia Corp&nbsp;the best pick of his career. But he has now sold the last of his shares in the company, expressing doubts about the outlook for the US$3.5 trillion (RM14.8 trillion) chipmaker.

The former UBS Group AG analyst, whose tech-focused fund generated returns of 42% last year, was among the investors who rode Nvidia’s breakneck rise over the past decade. It was one of the first stocks he bought when he set up the Captain Global Fund in 2016, and he has reinvested multiple times since then.

Relative calm returned to global markets, with stocks climbing and oil sinking alongside gold as fears subsided that Israel’s war against Iran would escalate into a wider conflict. News reports that Tehran wants to restart talks over its nuclear program also fueled risk-on sentiment.

Equities bounced after Friday’s slide, with the S&amp;P 500 up about 1%. West Texas Intermediate settled below $72 a barrel after spiking at the start of the session.

Stocks rise as fear of all-out Mideast war eases

US Senate Republicans on Monday proposed a tax and budget bill that would end the US$7,500 (RM31,804) tax credit on new electric vehicle (EV) sales 180 days after the measure is signed into law and immediately end the credit for leased EVs made outside North America.

Central banks have been selling Treasuries since March, suggesting that they are diversifying away from dollar assets, according to Bank of America Corp (BofA).

A UK ethanol producer that has warned of the risk to its business from tariff-free US imports said it is almost too late to save its output.

UK ethanol maker in last-ditch survival effort on US threat

China churned out a lot less steel in May compared to the previous year as mills responded to the government’s pledge to cut production.

In a surprise move, Canadian Prime Minister Mark&nbsp;Carney&nbsp;said on Monday&nbsp;he&nbsp;had agreed with U.S. President Donald&nbsp;Trump&nbsp;that their two nations should try to wrap up a new economic&nbsp;and&nbsp;security&nbsp;deal&nbsp;within&nbsp;30&nbsp;days.

The&nbsp;announcement came only a few hours after Canadian officials said the&nbsp;two sides still had plenty of work ahead before they could seal the&nbsp;agreement.

World

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