WASHINGTON (Nov 10): The odds that ​the Federal Reserve may raise interest rates by half a percentage point next month jumped on Tuesday after US data showed prices rising faster than expected in October and policymakers opened the ‌door to a quicker pace of rate hikes.

The Consumer Pri...

Fed officials open door to a quicker round of rate hikes as inflation worsens

NEW YORK (Nov 10): Bond investors are growing more cautious on debt tied to the artificial intelligence boom, highlighting concerns over the expected efforts of a Democrat-controlled Congress to slow the pace of AI investment ​and data center expansion.

US high-yield credit spreads wide...

AI debt faces pressure as Democrats prepare to take over Congress

(Nov 10): The overall ​level of troubled borrowing in the US economy rose modestly in the third quarter but did not ‌appear to signal a notable deterioration in credit quality, a report from the Federal Reserve Bank of New York said on Tuesday.

Loans that were in some form of troub...

Troubled US debt levels ticked up in third quarter, New York Fed report says

NEW YORK (Nov 9): Banks and credit investors are upping their scrutiny of AI-related debt deals while showing reluctance to increase exposure to borrowers, jolted by the recent market selloff and changing sentiment toward the technology's growth trajectory.

Some banks, which ​just ...

Banks, investors grow wary of AI debt, spooked by market selloff

SYDNEY (Nov 10): Qantas said on Tuesday it would cut 850 jobs in Australia and outsource some corporate functions to consulting ​firm Accenture as it adapts to the increased ‌use of artificial intelligence in the airline industry.

The first phase of the cuts would affect finance, p...

Australia's Qantas to axe 850 jobs in offshoring deal with Accenture

SEATTLE (Nov 9): Boeing ‌Commercial Airplanes plans to cut 5% of its workforce as it struggles to increase jetliner production output, the division's chief, Stephanie Pope, told employees on Monday in an internal memo.

"As shared in our third-quarter earnings, we ​need to reset the...

Boeing to cut 5% of commercial jet workforce amid production struggles

ZURICH (Nov 9): Just Eat Takeaway's Swiss unit is cutting 373 delivery jobs ​in Switzerland as the food delivery ‌service moves away from scheduled shifts, the company said on Monday.

That represents more ​than half the company's couriers in ​Switzerland, ac...

Just Eat Switzerland cuts 373 courier jobs in Switzerland

(Nov 9): PepsiCo is cutting some ‌jobs in its North America food and beverage business as part of a plan to streamline the unit.

The job cuts are expected ​over the next week and are aimed at simplifying ​the company's structure, according to a letter to employees ⁠from PepsiCo North Am...

PepsiCo to cut some jobs in North America

(Nov 9): Americans last month grew more ​worried about the labor market outlook, according to a survey released on Monday by the ‌Federal Reserve Bank of New York.

The bank's October Survey of Consumer Expectations found that projections the jobless rate will be higher a year from now w...

NY Fed survey finds Americans more worried over future jobless levels

DUBAI (Nov 9): Iran defended a proposal on Monday to restart peace talks in as few as two days as the most reasonable offer on the table, after US Secretary of State Marco Rubio called some of Iran's conditions "outrageous and ridiculous".

Iran defends two-day proposal for peace talks after US rejects conditions

EasyJet shareholders on Wednesday overwhelmingly backed a takeover by US private equity firm Apollo, as the British airline's boss insisted its fares would remain "affordable" amid soaring fuel costs.

EasyJet shareholders back £5.7 bil takeover by US firm Apollo

Spain's data protection watchdog AEPD said on Wednesday that it had launched a probe into the alleged proliferation of child sexual abuse material on social media platform TikTok brought to light in an investigation by a local news website.

Spanish watchdog opens TikTok probe but denies government demand to block app

The government, through the Employees Provident Fund (EPF), will continue to study a proposal to expand the scope and coverage of the EPF i-Sayang scheme to allow Malaysian husbands to make voluntary contributions for their non-citizen wives.

Govt studies proposal to extend EPF's i-Sayang scheme to non-citizen wives 

Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi is confident that the political crisis in Negeri Sembilan will be resolved soon.

Ahmad Zahid confident Negeri Sembilan political crisis nearing resolution

Indonesia's Vice President Gibran Rakabuming Raka has resigned, an aide said on Wednesday, a move that threatens to split a key political alliance and risks further political uncertainty in Southeast Asia's largest economy.

Indonesia's vice president has resigned, aide says, stoking political uncertainty

KUALA LUMPUR (Nov 11): The government, through the Employees Provident Fund (EPF) will continue to study a proposal to expand the scope and coverage of the i-Sayang scheme to allow Malaysian husbands to make voluntary contributions for their non-citizen wives.

Proposal to extend EPF's i-Sayang scheme to non-citizen wives being studied, Parliament hears

The S&P 500 and the tech-heavy Nasdaq climbed on Wednesday after neocloud firm CoreWeave's strong earnings calmed investor jitters about bloated artificial intelligence (AI) expenditure.

S&P 500, Nasdaq rise as CoreWeave results ease AI spending worries

Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi is confident that the political crisis in Negeri Sembilan will be resolved soon.

Zahid confident Negeri Sembilan political crisis nearing resolution

Nvidia Corp’s investigation of chief executive officer Jensen Huang’s affair with an alleged Chinese spy is raising questions about the company’s future and sending its stock into a tailspin.

Nvidia’s bull case hinges on CEO Huang surviving China spy probe

The expansion of electricity bill protection to cover households consuming up to 800kWh a month is expected to cost RM248 million over four months, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

Minister: Expanded electricity bill protection to cost RM248 mil, Tenaga to bear automatic fuel adjustment costs

Only Selangor and Kedah have amended their laws to set the minimum marriage age for Muslims at 18, while similar amendments in other states remain subject to their respective deliberations and legislative processes, the Dewan Rakyat was told on Wednesday.

Only Selangor, Kedah amended laws so far to set Muslims' minimum marriage age at 18 — Nancy

The brewer expressed concern over the continuing impact of the excise duty increase introduced under Budget 2026, which it said had compounded affordability pressures amid an already weak consumer sentiment.

Heineken Malaysia seeks govt restraint on costs as 3Q profit drops 39%

Malaysia's benchmark FBM KLCI fell to its lowest close&nbsp;in about 14 months on Wednesday, as heavyweight banks extended their descent amid rising concerns over the impact of higher US interest rates.

KLCI sinks to 14-month low, ends below 1,600 psychological mark

United Plantations Bhd (KL:UTDPLT) logged a record high third-quarter net profit, underpinned by strong production volumes and firm palm oil prices.

United Plantations posts record 3Q profit, declares 45 sen dividend

KUALA LUMPUR (Nov 11): Petroleum Sarawak Bhd has agreed to supply natural gas to a South Korean polysilicon manufacturer in Bintulu, Sarawak.

PETROS to supply natural gas to South Korean firm in Bintulu

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

Zetrix AI, Dialog, United Plantations, Heineken Malaysia, S P Setia, MMAG, Southern Score, L&P Global

China’s ultra-wealthy have declared more than RMB160 billion (RM97.71 billion) in back taxes tied to offshore trusts, bowing to pressure from authorities increasingly eager to expand the tax dragnet far beyond their national borders.

China’s tax clampdown brings in US$24 bil from offshore trusts

Andy Burnham’s government won’t accept so-called dynamic alignment of the UK’s financial services rules with those of the European Union (EU), a stance that raises questions about the prime minister’s wider ambitions for closer ties.

UK PM's rejection of EU financial rules shows Brexit reset limit

Zetrix AI Bhd (KL:ZETRIX) has an additional two days to disclose material information on its financial position, dividend issues and a series of governance and operational issues, after securing an extension from the bourse regulator.

Zetrix AI gets two more days to disclose info on financial position, dividend issues

The principle of fulfilling promises and upholding personal credibility outweighs the importance of maintaining one’s political position, said former transport minister Anthony Loke.

Keeping promises more important than political position, says Loke

Singapore Airlines Ltd returned to profitability in the second quarter as strong travel and cargo demand helped temper elevated costs.

Singapore Air returns to profit on travel, cargo demand

Dialog Group Bhd (KL:DIALOG) said it is investing an additional US$211 million (RM860 million) to develop a second gas field offshore Miri, Sarawak, after achieving commercial production at its first field.

Dialog investing US$211m in second gas field after first project starts production  

A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI falls 0.55% to 14-month low of 1,595.19 on Nov 11, 2026

Pakatan Harapan's (PH) representative for its Asahan (<a href="https://theedgemalaysia.com/askedge/elections/state/melaka/n.10" target="_blank">N.10</a>) candidate in the 16th Melaka state election was killed in a road accident in Jasin on Wednesday.

PH candidate's representative in Asahan killed in accident

A Chinese university with deep ties to the People's Liberation Army bought Nvidia's powerful H200 AI chips last month despite being on a US export blacklist, procurement records show, highlighting gaps in Washington's efforts to curb China's access to advanced technology.

Military-linked Chinese university bought Nvidia H200 chips despite US blacklist, records show

The Malaysian Bar has sought the court's permission to challenge the house arrest of Datuk Seri Najib Razak.

Bar files court challenge against Najib's house arrest

Industrial packaging firm L&amp;P Global Bhd (KL:L&amp;PBHD) is considering diversifying into fast-moving consumer goods (FMCG), and construction and procurement of building materials to expand its earnings base.

Packaging firm L&P Global moots diversification into consumer goods, construction

Malaysia has lowered its December crude palm oil (CPO) reference price, a change that maintains the export duty at 10%, a circular on the Malaysian Palm Oil Board (MPOB) website showed on Wednesday.

MPOB lowers December CPO reference price, maintains duty at 10%

Empire Premium Food Bhd (KL:EMPIRE), the operator of the Empire Sushi chain, posted a net profit of RM13.69 million on revenue of RM85.23 million for the second financial quarter ended Sept 30, 2026 (2QFY2027).

Empire Premium Food posts RM13.7 mil quarterly net profit

The retail prices of RON97, unsubsidised RON95 and unsubsidised diesel will drop by 50 sen, 40 sen and 25 sen per litre&nbsp;respectively&nbsp;from Nov 12 to 18.

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