Tech
Singapore’s Terra Invest Backs Abu Dhabi AI Firm AIREV
Singapore-based Terra Invest joined a strategic funding round for Abu Dhabi agentic AI company AIREV, targeting finance and healthcare uses.
Category: Business News
Business News
Malaysian Stocks Tread Carefully Amid Inflation Fears And Uncertainty
FBM KLCI slips as inflation concerns, weaker oil prices, earnings anticipation and election uncertainty keep investors cautious this week ahead.
World Business News
Hesai Revenue Jumps 34% as Lidar Shipments Surge 65%
Chinese lidar maker Hesai lifts third-quarter revenue 34.3% as shipments of sensors for cars and robots surge 65%.
World Business News
Anthropic Targets Up to $1.02 Trillion Valuation in IPO
Anthropic sets a US$70-$78 share range to raise up to US$64.4 billion, valuing the Claude maker at up to US$1.02 trillion.
World Business News
Trump Says FBI Looking Into Nvidia CEO Huang Affair
Trump says the FBI is investigating Jensen Huang's ties to an alleged Chinese spy, after Nvidia lost about $250 billion in value.
World Business News
Musk Faces Democratic Probes After Midterm Losses
Elon Musk faces congressional probes into DOGE, Starlink and his government contracts after Democrats won control of Congress.
World Business News
Oil Falls to Lowest Since August on Iran De-escalation Hopes
Brent crude slid to its lowest since late August after Trump downplayed new strikes on Iran, easing inflation fears and lifting Asian stocks.
Business News
Fahmi Says Online Banking Safe After Bank Rakyat Disruption
The government says online banking remains secure after Bank Rakyat's website was disrupted, while BSN and Bank Islam customers also faced service problems.
Business News
SoftBank, Grab Commit Billions to Build Malaysia AI Infrastructure
SoftBank, Grab and PETROS pledge $1.85 billion to develop Malaysian AI infrastructure, targeting regional compute leadership by 2030 and beyond.
Business News
Malaysian Corporate Brief: Earnings Rallies, Dealmaking, and Regulatory Scrutiny
Malaysian equities see solid third-quarter corporate earnings, major infrastructure wins, regulatory actions, and a high-profile privatization offer for Yinson Holdings.
World Business News
Japan Tobacco Hits Limit Down Again as Russia Seizes Units
Japan Tobacco shares fell 15.95% for a second limit-down day after Russia placed all seven local units under temporary management.
World Business News
China Factory Prices Jump 5.7% as Consumer Inflation Cools
China's factory-gate prices rose 5.7% in October, the fastest since 2022, as consumer inflation slowed to 0.7% on weak food prices.
World Business News
Nvidia Shares Slide as Board Probes Huang Spy Claims
Nvidia shares fell nearly 6% after its board launched an independent probe into CEO Jensen Huang's ties to an alleged Chinese spy.
World Business News
Euro Zone Ministers Open Race to Succeed ECB’s Lagarde
Euro zone finance ministers began weighing Klaas Knot and Pablo Hernandez de Cos to replace ECB President Christine Lagarde.
Business News
Trump Now says hardline deportation policy may have been too tough
Following Republican midterm losses, Donald Trump admitted his deportation policy was "too tough," hinting at immigration deals despite ramping up active enforcement.
Money and Investment
Financial pressures reshape Malaysians’ family and retirement decisions
RinggitPlus survey highlights financial pressures on Malaysian families, widening savings inequalities, retirement concerns and growing exposure to digital financial scams.