BEIJING (Dec 5): Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by the Opec+ group of producers, tensions in the Middle East and weak economic data from the US.

Oil prices little changed amid Opec+ cut doubts, Mideast tension

FRANKFURT (Dec 5): The European Central Bank can take further interest rate hikes off the table given a "remarkable" fall in inflation, and policymakers should not guide for rates to remain steady through mid-2024, ECB board member Isabel Schnabel told Reuters.

ECB hawk Schnabel scraps more rate hikes after 'remarkable' inflation drop

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

Moody’s cuts China credit outlook to negative on rising debt

BENGALURU (Dec 5): India's Adani Green Energy said on Tuesday that it has received a follow-on funding of US$1.36 billion via a green loan from an international bank consortium, to help the company expand its renewable power capacity.

India's Adani Green secures additional US$1.36 bil loan

Six major oil companies each contributed tens of millions of dollars to a grant fund meant to help state-owned rivals cull the release of super-warming methane emissions, but Chevron Corp and Exxon Mobil Corp didn’t join in.

Chevron, Exxon opt out of funding COP28 methane-cutting fund

BENGALURU (Dec 5): The South Korean won led losses among weak Asian currencies on Tuesday, and equities were subdued, after traders recalibrated interest rate cut bets from the US Federal Reserve as they awaited a key jobs report.

Most Asian FX, equities fall as traders pare back Fed rate cut bets

China Evergrande Group’s chief agitator calling for its liquidation is suddenly backpedalling, but the line of creditors who may take up the torch doesn’t end there.

Evergrande creditors regroup as liquidation advocate hesitates

SoftBank Group Corp’s mobile unit is buying an Irish company that specialises in broadband for cars, placing a bet on smart and driverless vehicle technology in its biggest overseas acquisition since listing.

SoftBank mobile arm buys Irish telco in bet on driverless cars

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said the kingdom won’t agree to a text that calls for the phase-down of fossil fuels at the COP28 summit in Dubai.

Saudi energy minister won’t agree to fossil fuel phase-down

KUALA LUMPUR (Dec 5): Malaysian Reinsurance Bhd (Malaysian Re) has launched the seventh edition of its annual regional Thought Leadership publication, Asean Insurance Pulse.

Malaysian Re launches annual regional Thought Leadership publication

Romanian tycoon Zoltan Teszari, one of the country’s richest people, keeps such a low profile that local newspapers are often forced to use 20-year-old photographs of the multimillionaire.

A reclusive Romanian tycoon is betting big on European broadband

Mark Zuckerberg is selling Meta Platforms Inc stock for the first time in two years, after the social media giant rapidly rebounded from a tumultuous 2022.

Zuckerberg sells first Meta shares in two years after 172% surge

ByteDance Ltd’s TikTok has struck an agreement to invest in a unit of Indonesia’s GoTo Group and cooperate on an online shopping service, pioneering a template for e-commerce beyond Southeast Asia’s biggest economy.

ByteDance strikes deal with GoTo to save Indonesian TikTok Shop

ALEXANDRIA, Louisiana (Dec 4): Start-up tech firms are racing to transform the way rare earths are refined for the clean energy transition, a push aimed at turbocharging the West's expansion into the niche sector that underpins billions of electronic devices.

Western start-ups seek to break China's grip on rare earths refining

Carbon prices would have to be raised “much higher and much earlier” to achieve an orderly transition to net zero, Singapore’s outgoing central bank chief Ravi Menon said at the COP28 conference in Dubai.

Higher carbon prices needed in net zero push, Singapore’s Menon says

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (Dec 5)

Allowing the import of completely built-up (CBU) cars with small engine capacity will lead to the dumping of such vehicles in the local market and hamper the government’s goal of developing the local automotive industry, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

Allowing import of CBU cars with small engine capacity will hurt local industry — Miti

WORLDWIDE Holdings Bhd, the sanitary landfill operator owned by Perbadanan Kemajuan Negeri Selangor (PKNS), is building up its portfolio of waste-to-energy (WTE) plants, with its latest win being the Bukit Payong WTE project in Batu Pahat, Johor.

According to a Worldwide spokesperson, t...

PKNS-owned Worldwide builds up WTE assets, adds Bukit Payong project to portfolio

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

&nbsp;KUALA LUMPUR (Dec 5): Nvidia Corp chief executive officer Jensen Huang is expected to make his maiden visit to Malaysia this week.&nbsp;

Nvidia boss Jensen Huang to make maiden visit to Malaysia

Kuala Lumpur Kepong Bhd (KLK) secured its first sustainability-linked loan (SLL) of RM500 million for the group’s general working capital requirements from Maybank, marking a significant milestone for both groups in pursuit of their sustainable development practices.

KLK secures RM500 mil sustainability-linked loan from Maybank 

The Attorney General's Chambers (AGC) has discontinued its appeal against senior lawyer Tan Sri Muhammad Shafee Abdullah's acquittal in his money-laundering case involving RM9.5 million allegedly received from imprisoned former prime minister Datuk Seri Najib Razak, as well as making false declarations to the Inland Revenue Board.

Shafee's acquittal stands in RM9.5m money-laundering case as AGC discontinues appeal

MIDF Research has downgraded its stance on the consumer sector to "neutral"&nbsp;from "positive", amid fears that growing inflationary pressures will curtail discretionary spending by households, leading to tighter spending on durable items.&nbsp;

MIDF downgrades consumer sector amid recession fears, but names QL Resources and F&N as top picks

Doubts over BYD Co’s sales targets and smart-car capabilities drove a US$12 billion (RM56.07 billion) selloff in the Chinese electric-vehicle (EV) maker last month, even as it draws closer to Tesla Inc as the industry’s top seller.

BYD growth status in doubt after US$12 bil selloff

Public-listed companies (PLCs) in Malaysia will soon have to use the Bursa Malaysia ESG Reporting Platform to comply with mandatory sustainability disclosures set by Bursa Malaysia Securities Bhd.&nbsp;

Bursa Malaysia introduces mandatory ESG reporting platform for PLCs

Telecommunications companies (telcos) are expected to explore internet facilities through satellite to device mobile services, so that it can be easily accessed everywhere, especially for areas that do not have internet access.

Telcos expected to provide internet facilities via satellite directly to devices by 2025, says Fahmi

Proton Holdings Bhd aims to increase its production volume to 500,000 units by 2035, of which 50% or 250,000 units will be for the export market, according to deputy chief executive officer Roslan Abdullah.

Proton surpasses last year’s sales volume with strong November performance

KUALA LUMPUR (Dec 5): RHB Retail Research said Muhibbah Engineering (M) Bhd may rebound further, after pushing above the 21-day SMA line while heading towards the 80 sen mark.

In a trading stocks note on Tuesday, the research house said if a breakout above that level happens, the renewe...

Muhibbah Engineering may rebound further, says RHB Retail Research 

A gauge of global stocks fell for the first time in five sessions on Monday while Treasury yields rose as investors awaited US&nbsp;labour market data to gauge the likely route of the Federal Reserve's rate policy.

Stocks pull back after rally with jobs data eyed, yields climb

Communications and Digital Minister Fahmi Fadzil has advised the public not to be duped by scammers providing cash-out&nbsp;of eMadani credit of RM100.

Don't be duped by scammers providing eMadani cash-out, Fahmi warns

Building support services provider KJTS Group Bhd has inked an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

KJTS signs underwriting agreement with HLIB for ACE Market listing

Pharmaniaga Bhd, whose share price has fallen more than 40% since the start of the year, is not expected to make further provisions in the future, according to Kenanga Investment Bank Bhd.

Kenanga says no further provisions for Pharmaniaga; FY2024 earnings to rebound to pre-Covid-19 level

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds five entities to Investor Alert List, two being potential clones

The election results for the Gua Musang parliamentary seat last year, which saw the victory of Mohd Azizi Abu Naim&nbsp;from Parti Pribumi Bersatu Malaysia, stand.

Federal Court dismisses BN's appeal to reinstate Gua Musang election petition

Global semiconductor industry sales are projected to reach US$588.4 billion (RM2.75 trillion) in 2024, according to the US-based Semiconductor Industry Association (SIA).

Global semicon sales projected to reach US$588.4 bil in 2024, says SIA

KUALA LUMPUR (Dec 5): EcoFirst Consolidated Bhd (EcoFirst) has awarded a RM389 million contract to China State Construction Engineering (M) Sdn Bhd for the superstructure works of serviced apartment KL48 in Chan Sow Lin, Sungai Besi.

EcoFirst awards RM389 mil superstructure works contract to China State Construction Engineering

The ringgit opened slightly lower against the US dollar in early trade on Tuesday due to the lack of demand as the US Dollar Index (DXY) continued to strengthen.

Ringgit opens slightly lower against US dollar

Bursa Malaysia finished&nbsp;the morning session in the red on Tuesday, largely mirroring moves on&nbsp;Wall Street&nbsp;and regional bourses, as investors were cautious, amid continued tension in the Middle East and a cloudy interest rate&nbsp;outlook.

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