Newsfeed – Business News
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 […]
Anthropic rolls out faster, cheaper AI models ahead of US$100b Wall Street debut
SAN FRANCISCO, Nov 10 — Anthropic announced yesterday that it would release updated versions of two of its most powerful artificial intelligence (AI) models as the company prepares for a […]
Nvidia shares fall 4pc as board investigates CEO Jensen Huang over alleged spy affair
NEW YORK, Nov 10 — AI chip behemoth Nvidia was plunged into turmoil yesterday after CEO Jensen Huang acknowledged having an affair, with reports saying US officials believe the woman […]
SoftBank, Grab and Petros to build ‘among Asia’s largest’ AI facilities in Malaysia with US$1.85b seed capital
SINGAPORE, Nov 9 — SoftBank Group Corp and Grab Holdings Ltd yesterday announced the signing of joint development agreements in connection with plans for US$1.85 billion (RM7.5 billion) initial combined […]
Nvidia’s Jensen Huang, the scandal-hit AI visionary in a leather jacket
NEW YORK, Nov 9 — Chips made by US chip titan Nvidia push the boundaries of artificial intelligence, but its leader Jensen Huang is in the spotlight over an affair […]
Bank of Thailand: No attacks here, but Thai banks must boost cyber defences after overseas incidents
BANGKOK, Nov 9 — The Bank of Thailand (BOT) has urged financial institutions to strengthen their cybersecurity measures and remain vigilant against potential cyberattacks following incidents involving financial institutions in […]