MONEY MASTER

  Key Takeaways U.S. President Donald Trump  confirmed an  extension of the tariff truce with Mexico , calling it a positive outcome for U.S. trade interests. The move provides  temporary relief from higher duties  set to take effect on  Nov 1 , preserving current tariff rates at 25%. Markets see the decision as a  moderating gesture  ahead of Trump’s high-stakes  trade meeting with China’s Xi Jinping  in South Korea this week.  Tariff Truce Extended — Mexico Gets Breathing Room Speaking aboard  Air Force One  en route to South Korea, President Trump said he is satisfied with the  tariff extension deal announced by Mexican President Claudia Sheinbaum . 💬  “I like the extension with Mexico. We’re doing very well with that extension. We get a lot of tariffs — they’re paying a lot of money,”  Trump said. Under the agreement, the U.S. will  delay tariff hikes  on Mexican goods — including autos and ma...

This week, global attention will shift to two major events: the release of critical US economic data and Xi Jinping's policy speech in China. Following the US Federal Reserve’s 50-basis-point rate cut on Sept 18, investors will focus on economic indicators that reveal the strength of the US economy , particularly as concerns over the labor market grow. The highlight will be the US non-farm payrolls (NFP) report for September, due on Oct 4 . Economists expect 140,000 jobs to have been created in September, down slightly from 142,000 in August , with the unemployment rate anticipated to hold at 4.2% . A weaker-than-expected result could further signal a softening US economy . On Oct 1 , the Institute of Supply Management (ISM) will release its survey on US manufacturing activity . The Manufacturing Purchasing Managers' Index (PMI) for September is projected to be 47.6 , marking the sixth consecutive month of contraction . However, a consistent reading above 42.5 generall...

Supermax Corp Bhd (KL) announced on Tuesday that it will begin commercial glove production at its first US manufacturing facility in Texas by January 2025. This marks a significant expansion for the Malaysian glovemaker into the US market. In its bourse filing, Supermax disclosed that its wholly-owned subsidiary, Maxter Healthcare Inc , based in the US, will commence testing and commissioning of its first batch of production lines in December 2024. The commercialization of glove production is expected to follow in January 2025. The phase one operation has a total production capacity of 4.8 billion pieces of gloves per annum , with plans to achieve half capacity next year. The remaining production capacity is anticipated to be completed by the fourth quarter of 2025, complementing Supermax’s current production capability of 21 billion pieces of gloves per annum . Notably, 29% of Supermax’s total sales are directed to the US market, according to analysts' data. "Our US plant ...