(Oct 21): The Federal Reserve can substantially shrink its balance sheet if it overhauls its rate control toolkit to provide liquidity on demand, if those alterations are in made in conjunction with rule changes that allow ​banks to hold lower levels of cash on hand, says a new

Brookings paper offers broad plan to shrink Fed balance sheet

(Oct 21): Electronic Arts is planning to close BioWare, the developer of the "Mass Effect" series ​of games, and lay off employees ‌to focus on more lucrative projects, the company said on Wednesday in an email to employees.

EA said it would cancel an ​early-stage "Mass Effect" pro...

EA to shutter BioWare studio, cut jobs as it narrows game slate

(Oct 21): Netflix's cut to ​its advertising sales forecast is fuelling concerns that its growth engine is losing steam, threatening the ‌edge that made it a model for the media industry.

Shares of the company fell nearly 5% in Wednesday afternoon trading after Netflix forecast...

Netflix's ad stumble deepens fears its growth is hitting a wall

ByteDance, Alibaba and Tencent have ordered more than three million of Nvidia's new RTX PRO 5500 graphics cards with a collective sticker price of over US$35 billion (RM142.9 billion), two people familiar with the matter said, in a rush for a less powerful but export-compliant chip amid US restrictions on trade with China.

ByteDance, Alibaba, Tencent place over US$35b worth of Nvidia chip orders — Reuters

China kept its benchmark lending rates unchanged for the 17th straight month in October on Tuesday, in line with market expectations.

China leaves loan rates steady for 17th consecutive month

LONDON (Oct 19): Britain risks becoming a "high-value AI customer" rather than a country able to shape the technology unless it ​takes urgent action to build domestic capabilities, the government's top ‌science advisers said on Monday.

Governments around the world are racing to bui...

UK risks becoming 'AI customer' rather than creator, advisers warn

(Oct 19): CoreWeave's mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed to build data centres.

Why CoreWeave's troubles are rattling the AI boom

NEW YORK (Oct 19): OpenAI is racing to secure investor commitments before rival Anthropic's expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over US$1.4 trillion, according to two ​people familiar with the matter.

The r...

OpenAI seeks to accelerate fundraising ahead of Anthropic IPO — Reuters

WASHINGTON (Oct 19): US President Donald Trump said on Monday he is open to three-way arms-control talks with the leaders of China and Russia as soon as next month, ​raising the prospect of an unprecedented meeting and a major diplomatic gambit for the US president.

"We would have ...

Trump open to idea of joint meeting with Xi, Putin next month

US government debt hit a milestone $40 trillion in August, triggering a potentially uncomfortable debate for President Donald Trump and Republicans contesting tight midterm elections next month: whether the world's No. 1 economy is also ​becoming a riskier credit in financial markets.

Under Trump, deficits remain high while borrowing costs escalate

NEW YORK (Oct 21): Federal Reserve Chair Kevin Warsh wasn't nominated to raise rates, but he did so anyway. Now, cash investors are asking why money market fund yields have lagged. The answer is mechanics, not malfunction.

Warsh and his colleagues on the ​Federal Open Market Commit...

Opinion: Why is capital leaving money market funds as rates rise?

President Vladimir Putin said Russia’s ready to resume trilateral negotiations with the US and Ukraine on a potential peace deal, according to the Kremlin.

Putin says Russia ready for new peace talks with US, Ukraine

The Trump administration is offering to loan up to nearly a third of the one-million-barrel US emergency heating oil reserve, the Department of Energy said on Wednesday, in a bid to tame surging prices.

US aims to loan about a third of heating oil reserve in bid to tame prices

The Malaysian Employers Federation (MEF) has urged the government to tighten enforcement against the misuse of foreign worker recruitment approvals to ensure foreign workers are employed only in approved sectors and occupations facing genuine labour shortages.

MEF urges stricter enforcement, priority for local workers

The next five years will serve as a crucial transition period for Sarawak in its efforts to develop a high-value economy based on technology creation, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

Next five years crucial transition period for Sarawak’s economy

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday

Sunway Healthcare, Sunway REIT, Zetrix AI,Malakoff,  Capitaland Malaysia,Westports, AME REIT, Pantech Global, MHB, ES Sunlogy, Kerjaya Prospek & Mudajaya

Singapore's Accounting and Corporate Regulatory Authority (ACRA) has rejected HB Global Ltd’s (KL:HBGLOB) application to change its financial year-end from June 30, 2026 to Nov 30, 2026, following the withdrawal of its auditor’s consent to act.

Singapore's regulatory authority rejects HB Global’s second year-end change this year after auditor’s withdrawal

One of the strongest storms of the current season is set to bring heavy rain and roaring winds to parts of East Asia in the next week, with major cities in Taiwan and China bracing for impact within days.

Super Typhoon Champi poised to hit China, Taiwan within days

Malaysia’s retail prices for unsubsidised RON95 and RON97 petrol will fall by 30 sen per litre, while unsubsidised diesel prices will decline by 10 sen, from Thursday (Oct 22) to Oct 28.

Unsubsidised petrol prices fall 30 sen, diesel down 10 sen for coming week — MOF

Police are awaiting further instructions from the Attorney General’s Chambers (AGC) on a probe into Negeri Sembilan Menteri Besar Datuk Ismail Lasim’s claim that he was forced to sign a proclamation seeking to remove Tuanku Muhriz Tuanku Munawir as the state’s ruler.

Police await AGC instructions on probe into Negeri Sembilan MB’s ‘duress’ claim

Zetrix AI Bhd (KL) managing director Wong Thean Soon's stake in the digital services firm has shrunk further, diminishing the prospect&nbsp;of fixing a breached sukuk condition that he remains the company's largest shareholder.

TS Wong's Zetrix AI stake down to 1.841% ahead of Oct 22 deadline to fix sukuk covenant  

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday

Sunway Healthcare Holdings Bhd (KL:SUNMED) and &nbsp;Putrajaya Holdings Sdn Bhd have formalised a joint venture to develop a 325-bed private hospital in Putrajaya, with construction slated to begin in the fourth quarter of 2027.

Sunway Healthcare, Putrajaya Holdings ink JV to build private hospital in Putrajaya

Malakoff Corp Bhd (KL:MALAKOF) announced the resignation of its chief financial officer (CFO) Mohd Nazersham Mansor, after nine years in the role.

Malakoff CFO Mohd Nazersham to step down on Nov 30, deputy to take over  

Malaysia has banned the use of the navigation app Waze among civil servants, citing concerns over the potential misuse of government information and users’ personal data by the Israeli regime.

Govt bans Waze use among all civil servants over fears of data misuse by Israeli regime — PM

Lawmakers have called on the government to clarify its decision to ban civil servants from using navigation app Waze over its alleged links to Israel, questioning the rationale for the restriction and whether other applications pose similar data security risks.

Lawmakers seek clarity on Waze ban for civil servants over alleged Israel links

We, the members of G25, are deeply concerned with the Ministry of Home Affairs for the apparent disregard for established requirements and the double standards in the administration of Malaysian citizenship exposed by the controversy involving the Football Association of Malaysia (FAM) and the seven foreign footballers.&nbsp;

Opinion: G25 statement on FAM, citizenship and equal treatment under the law

The Malaysian Anti-Corruption Commission (MACC) has arrested a civil servant on suspicion of soliciting and accepting bribes amounting to approximately RM30 million in connection with assessment taxes.

MACC nabs civil servant over RM30m bribes in assessment tax probe  

Sunway Real Estate Investment Trust (KL:SUNREIT) and Sunway Healthcare Holdings Bhd (KL:SUNMED) have agreed to extend the deadline for fulfilling conditions tied to the RM60 million acquisition of Sunway Hotel Seberang Jaya in Penang.

Sunway Healthcare, Sunway REIT extend deadline for acquisition of Sunway Hotel Seberang Jaya

Bursa Malaysia's telecommunications and media stocks extended their decline on Wednesday, bringing the sector's losses to nearly 20% so far this year amid&nbsp;steep falls in Axiata Group Bhd (KL:AXIATA), CelcomDigi Bhd (KL:CDB) and Reach Ten Holdings Bhd (KL:REACHTEN).

Telco and media stocks extend losses as sector index down nearly 20% this year

Global index provider MSCI was trying to "intimidate" Indonesia but the country would not be afraid, President Prabowo Subianto told his cabinet on Wednesday, striking a combative tone in his first public reaction to last week's downgrade warning.

Prabowo accuses MSCI of trying to intimidate Indonesia after market rout

Gentari Sdn Bhd, the clean energy arm of PETRONAS, is partnering Chinese electric vehicle maker BYD for the deployment of fast charging in Malaysia.

Gentari partners BYD to deploy ultra-fast EV chargers in Malaysia

CapitaLand Malaysia Trust (KL:CLMT) reported a 14.9% increase in third-quarter net property income (NPI), driven by higher rental income amid better contribution from most of its properties.

CapitaLand Malaysia Trust’s 3Q net property income rises 15%, declares 1.35 sen distribution per unit

Pantech Global Bhd’s (KL:PGLOBAL) reported a 89.5% jump in second-quarter net profit &nbsp;on the back of higher sales volume and improved average selling prices.

Higher sales, selling prices lift Pantech Global 2Q net profit 90%  

Shareholders of Mudajaya Group Bhd (KL:MUDAJYA) have been advised to vote in favour of the proposed disposal of a 45% stake in Real Jade Ltd to major shareholder Minyi Holdings Ltd (MHL) for HK$234 million (RM118.45 million), to settle debts owned to MHL.

Mudajaya shareholders advised to back RM118 mil Real Jade stake disposal to major shareholder

Malaysia Airports Holdings Bhd (MAHB) will deploy K9 patrol units inside the Kuala Lumpur International Airport (KLIA) terminals starting next Monday,&nbsp;Oct 26, amid heightened scrutiny over recent transnational drug smuggling cases originating from the airport.

MAHB: K9 units to patrol KLIA starting Oct 26 to boost airport security

The tech-heavy Nasdaq gained on Wednesday after quarterly results from SpaceX and Super Micro Computer improved appetite for AI-linked stocks, while Netflix slipped as its forecast failed to impress investors.

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