Newsfeed – Business News
How China gets the Nvidia chips it needs to develop AI despite US bans
TOKYO, Nov 10 — Nvidia CEO Jensen Huang has admitted to having an affair, reportedly with a Chinese executive at a Singapore-based company that the US suspects of smuggling AI […]
Japan court dismisses suit against Meta over scam ads using billionaire’s likeness
TOKYO, Nov 10 — A Tokyo court dismissed today Japanese billionaire Yusaku Maezawa’s lawsuit against US tech giant Meta and its Japan unit over the use of his name and image […]
Ringgit edges up against US dollar as markets eye de-escalation in Iran conflict
KUALA LUMPUR, Nov 11 — The ringgit ended marginally higher against the US dollar today, supported by improving market sentiment amid expectations of a de-escalation of the US-Iran conflict. At […]
California rejects 5pc billionaire tax that would have raised US$100b, US media projects
LOS ANGELES, Nov 10 — California voters have rejected a one-time tax on billionaires, US media projected yesterday, despite growing anger over global wealth disparity. The tax would have forced […]
China’s export boom drives a US$1t trade surplus, ahead of high-stakes Trump-Xi Apec meeting
BEIJING, Nov 10 — China’s trade surplus ballooned to more than US$1 trillion (RM4.06 trillion) in October, official data showed today, reaching the milestone even earlier than last year’s record-breaking […]
Tech leads Asian stock rally as traders track Wall Street rebound
HONG KONG, Nov 10 — Asian stocks rallied today to extend a Wall Street surge led by technology firms as investors took advantage of lower prices following last week’s rout, […]
Boeing slashes 5pc of commercial workforce, says it is ‘overstaffed’ as 737 MAX production target pushed to 2027
NEW YORK, Nov 10 — Boeing will cut about five per cent of its commercial plane workforce as it moderates the pace of ramping up jet production, the company said […]
Malaysia among three Asian markets with net foreign inflows as investors pour US$381.3m into Bursa
KUALA LUMPUR, Nov 10 — Foreign institutions extended their net buying streak to two consecutive weeks on Bursa Malaysia, recording net inflows of US$381.3 million (RM1.54 billion), according to MBSB […]
Bursa Malaysia’s key index opens lower despite positive sentiment on Wall Street
KUALA LUMPUR, Nov 10 — Bursa Malaysia’s key index opened lower today after a long weekend break for the Deepavali holiday despite positive sentiment on Wall Street overnight. At 9.15am, […]
Ringgit opens marginally higher against greenback amid cautious sentiment
KUALA LUMPUR, Nov 10 — The ringgit opened marginally higher against the US dollar today amid cautious market sentiment as investors continued to assess global economic developments and the outlook […]