<div>The Government of Singapore Investment Corporation is in talks to buy a 16% stake in Brazilian investment bank Banco BTG Pactual SA for US$2.4 billion ($3.22 billion), Exame magazine reported, citing people familiar with the negotiations it didn&rsquo;t name.<br />
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Pactual is controlled by billionaire Brazilian Andre Esteves.</div>
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<div>GIC, as the sovereign fund is known, said in an e-mail it had no comment on the article when contacted by <i>Bloomberg</i> News. Spokespeople for BTG Pactual in Sao Paulo weren&rsquo;t available for comment before business hours.</div><div class=inPageAd id=div-gpt-ad-inpage></div>
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The Government of Singapore Investment Corporation is in talks to buy a 16% stake in Brazilian investment bank Banco BTG Pactual SA for US$2.4 billion ($3.22 billion), Exame magazine reported, citing people familiar with the negotiations it didn’t name.

Pactual is controlled by billionaire Brazilian Andre Esteves.
 
GIC, as the sovereign fund is known, said in an e-mail it had no comment on the article when contacted by Bloomberg News. Spokespeople for BTG Pactual in Sao Paulo weren’t available for comment before business hours.
 
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Singapore in talks to buy 16% of Brazil’s BTG bank, Exame says

Premium automaker BMW reported an 11% drop in third-quarter pretax earnings on Wednesday, hours after warning that restructuring costs would hit results later this year and all but erase its core operating margin.

BMW warns on profit again as restructuring costs bite

The US midterm vote ushered in a wave of historic leadership firsts across the country on Tuesday, electoral milestones on a night that saw voters issue a sharp rejection of President Donald Trump's second term.

El-Sayed becomes first Muslim senator in historic leadership firsts for minorities across US 

Mega Fortris Bhd (KL:MEGAFB) shares continued to slide on Wednesday, hitting an intraday low of RM2.07 and erasing significant gains from its two-day rebound earlier this week.

Mega Fortris continues slide after two-day rebound, GIIB and Ni Hsin extend losses

China escalated its defence of the stock market, as state-backed funds answered the government’s rallying call by increasing purchases and more companies stepped up buyback plans.

China boosts market defence with National Team, buybacks

Alphabet's Google has expanded employee buyout offers to several countries this year as it looks to rein in rising costs amid heavy spending on artificial intelligence.

Google extends voluntary buyout offers to employees in several countries

As court payment counters closed for the day, imprisoned former prime minister Datuk Seri Najib Razak has yet to pay the RM50 million fine which would pave the way for him to start serving the remainder of his prison sentence at home.

Najib yet to pay RM50m fine as court payment counters close for the day

The Malaysian Anti-Corruption Commission (MACC) has arrested three individuals, including a Datuk, for allegedly offering about RM1 million in bribes to police personnel.

Businessman with 'Datuk' title among three held over alleged RM1m bribes to police

THE Lees of IOI Corporation (KL:IOICORP), with its sprawling plantation and property interests, are a high-profile family in Malaysia. Until recently, IOI Properties Group (IOIPG), the conglomerate’s Bursa-listed property arm, had remained relatively unknown in Singapore. 

Just as ...

Singapore: IOI Properties Group tightens grip on Singapore’s CBD

Singapore’s government has proposed amendments to toughen its law on cross-border haze, responding to a devastating wildfire season in Indonesia that cloaked the city-state in smog for weeks.

Singapore proposes arrests, hefty fines to toughen haze law

Saudi Arabia’s quarterly fiscal deficit more than doubled as the kingdom’s oil revenues tumbled on the back of disruptions from the US-Iran war and lower fees paid by state oil giant Aramco.

Saudi budget deficit more than doubles on war, Aramco fees

<p>Several major roads and areas in Selangor were affected by flash floods following continuous heavy rain since early Wednesday, with a bridge along Jalan Kubu Gajah spanning Sungai Subang in the Petaling district collapsing.</p>


Flash floods affect several Selangor roads, bridge collapses

<p>Tan Sri Muhammad Shafee Abdullah, the lead defence counsel for imprisoned Datuk Seri Najib Razak, said that he has no knowledge of rumours that the former prime minister is expected to pay the RM50 million fine on Wednesday, which would pave the way for Najib to start serving his house arrest.</p>


Shafee says no knowledge Najib to pay RM50m fine today

<p>The group of six Negeri Sembilan deposed Undangs and chieftains will have to answer the committal proceedings at the Seremban High Court.</p>


Negeri Sembilan’s deposed Undangs, chieftains fail to stop committal proceedings

<p>Global stocks swung between gains and losses on Wednesday as investors weighed the prospects of tougher regulation, higher taxes and oversight of areas such as artificial intelligence (AI)&nbsp;and cryptocurrencies, after the Democratic Party swept the US midterm elections.</p>


Investors poised for gridlock with Trump as Democrats sweep Congress

<p>Local independent palm oil millers could face a hard time selling their crude palm oil (CPO) over the next two months as refineries move to halt deliveries amid record-high inventories, according to industry sources.</p>


Supply glut could soon squeeze independent palm oil millers and smallholders — sources

<p>SINGAPORE (Nov 4): UOB announced net profit of S$1.25 billion for the 3QFY2026 ended Sept 30, down 15% quarter-on-quarter and 10% below the Street’s forecast of S$1.376 billion as other non-interest income (non-II) fell by 41% q-o-q to S$370 million.&nbsp;</p>


UOB's 3Q net profit 10% below expectations due to 41% decline in non-interest income

<p>The ECM Libra Foundation and CVSKL Foundation have teamed up to provide affordable health screenings for serving and former journalists struggling to afford medical care.</p>


ECM Libra, CVSKL foundations team up to provide RM1m in health screenings for senior journalists

<p>Global stocks slumped and the dollar hit a one-month low on Wednesday as Democrats gained control of both the Senate and the House in the US midterm elections, fuelling fears that rapid artificial intelligence (AI) sector growth could be hamstrung by regulatory scrutiny.</p>


Stocks, dollar slide as stunning victories for Democrats jolt AI bets

<p>Non-bank financial institutions (NBFIs) do not fall under the regulatory framework of the Securities Commission Malaysia (SC), the Ministry of Finance (MOF) said.</p>


LTAT, EPF, KWAP, Socso and Amanah Raya not under SC regulatory framework — MOF

<p>If Bank Negara Malaysia (BNM) implements a surprise overnight policy rate (OPR) hike on Thursday, banks with higher domestic loans and floating-rate loans would be the primary beneficiaries while leaving other banks behind, according to an analyst from BIMB Securities Sdn Bhd.</p>


Alliance Bank and AMMB to benefit most if OPR hiked unexpectedly — BIMB

<p>Oriental Kopi Holdings Bhd (KL:KOPI) appears unscathed from a public uproar over its menu language, with little impact on revenue and minimal cost, said an analyst.</p>


Business as usual at Oriental Kopi despite menu language uproar — analyst

<p>Sime Darby Property Bhd (KL:SIMEPROP) is laying the groundwork for its future growth, as it explores two primary avenues for expansion, including a potential&nbsp;real estate investment trust (REIT)&nbsp;listing by 2028, according to Maybank Investment Bank.</p>


Sime Darby Property mulls REIT listing by 2028, to bank on heavy industrial parks, says Maybank IB

<p>The government on Wednesday announced the formation of an independent board to provide leadership, oversight, and monitoring of MediAsas plans moving forward.</p>


Govt forms independent MediAsas board

<p>KUALA LUMPUR (Nov 4): Yes Group Management Bhd is accepting applications for its shares at 18 sen per share for the travel agency’s listing on the ACE Market.</p>


Travel agency Yes Group launches ACE Market IPO at 18 sen per share

<p>Princeton Digital Group (PDG) has secured US$1.3 billion (RM5.3 billion) in green financing for its JH1 campus in Johor.</p>


Princeton Digital Group secures US$1.3b green financing for Johor project

<p>Malaysia’s bond market, highly-convinced of a policy rate hike this week, will be proven wrong once again, according to BIMB Securities.</p>


BIMB Securities: Bond market will be proven wrong on BNM’s rate decision

<p>The Youth and Sports Ministry will not approve the Hyrox Kuala Lumpur 2026 event, scheduled to take place from Dec 10 to 13, unless the sponsorship from an alcoholic beverage company is withdrawn entirely.</p>


No Hyrox KL unless alcohol sponsorship withdrawn — ministry

<p>(Nov 4):&nbsp;Advanced Micro Devices Inc, a key challenger to Nvidia Corp&nbsp;in artificial intelligence chips, gave a revenue forecast that exceeded analysts’ estimates, showing that demand for data centre processors remains strong.</p>


AMD forecast exceeds estimates after AI chip demand soars

<p>Rakuten Trade has resumed online buy and sell order placement for Bursa Malaysia stocks through its iSPEED.my app.</p>


Rakuten restores Bursa trading on iSPEED.my app, web platform remains suspended

<p>IOI Corp Bhd (KL:IOICORP) is looking to lease out more of its plantation land for solar projects as it seeks to diversify its income streams beyond palm oil, said group managing director and CEO Datuk Lee Yeow Chor.</p>
