Emmanuel Faber, CEO of Danone, says its initiatives to tackle inequality will grow "way beyond" the limits of the G-7 group of countries.</div><div class=inPageAd id=div-gpt-ad-inpage>

Danone CEO: 'Inclusive growth' to be a key part of our operations

Malaysia welcomes investments of US$14.70 billion (RM63.02 billion) proposed so far by US technology giants, including Google, Microsoft, Enovix Corporation, Amazon Web Services, Abbott Laboratories, and Boeing.

Anwar welcomes US$14.7b investments proposed by US tech giants

MORNING CALL: 11/10/24

Asian equities were set to ignore losses in their US peers after hotter-than-expected core inflation and a slowdown in the labor market fueled debate about a potential Federal Reserve (Fed) interest-rate cut next month.

Equity futures for Japan shares rose on Friday, while those for Australia were little changed. Hong Kong markets are closed for a holiday. A gauge of US-listed Chinese companies edged higher on Thursday, echoing gains in China in the prior session, as investors shifted their focus to a key meeting on fiscal policy this weekend.

Asian stocks set to sidestep Wall St dip after CPI

China may deploy as much as two trillion yuan (US$283 billion or RM1.21 trillion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No 2 economy and boost confidence, investors and analysts said.

The funds, potentially raised by selling more government bonds, could be announced as soon as Saturday by the country’s finance minister in a highly anticipated briefing, according to a Bloomberg survey of 23 market participants.

Chinese investors expect US$283b of new stimulus this weekend

US stocks fell after data showed hotter-than-expected inflation and a slowdown in the labour market, amplifying the debate on whether the Federal Reserve (Fed) will opt for a smaller rate cut next month or a pause after a large September reduction.

Following a rally to all-time highs, the S&P 500 took a breather. While Thursday’s economic figures were not perceived by Wall Street as catastrophic, they certainly highlighted the Fed’s challenge of bringing inflation back to the 2% target without cooling the jobs market too much. And that has added to the debate about the Fed’s next steps. For now, bond traders continued to bet the central bank will reduce the pace of cuts to 25 basis points in November.

Wall St falls as data fuels debate on Fed’s next move

Tata Consultancy Services Ltd’s quarterly profit missed analysts’ estimates, a sign that clients from banks to retailers remain hesitant to commit to large investments on information technology.

Tata Consultancy Services lags estimates on weak tech spending

US consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-1/2 years, keeping the Federal Reserve on track to cut interest rates again next month.

Higher food prices lift US consumer prices; Hurricane Helene boosts jobless claims 

Pfizer Inc company officials threatened legal action against two former top executives who had been working with Starboard Value to push for changes at the drugmaker, the activist investor alleged on Thursday in a letter to the company’s board.

Pfizer threatened ex-CEO over work with activist, says Starboard 

Federal Reserve Bank of New York president John Williams said Thursday he expects more rate cuts lie ahead as inflation pressures continue to moderate.

Fed's Williams reckons more rate cuts lie ahead amid solid US economy

Here is a brief recap of some business news and corporate announcement that made the headlines on Thursday:

Public Bank, LPI Capital, Top Glove, Sunway, KJTS, Sunway Construction, MGB, Talam Transform, Sapura Resources, Sarawak Cable

Here is a brief recap of some business news and corporate announcement that made the headlines on Thursday:

Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced expectations of a 25-basis-point rate hike by the Federal Reserve at its upcoming meeting.

Wall Street falls after inflation, jobless claims data

Trading in Public Bank Bhd (KL:PBBANK) and LPI Capital Bhd (KL:LPI) will resume on Friday, following the announcement of Public Bank’s acquisition of a 44.15% stake in the insurer for RM1.72 billion.

Trading in Public Bank, LPI Capital to resume on Friday after acquisition announcement

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EVENING 5: Five things you need to know today

Trading in Sarawak Cable Bhd’s (KL:SCABLE) shares will be suspended on Friday as the company faces a judicial management order, according to its bourse filing on Thursday.

Trading in Sarawak Cable to be suspended Friday pending judicial management order

China may deploy as much as two trillion yuan (US$283 billion or RM1.21 trillion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No&nbsp;2 economy and boost confidence, investors and analysts said.

The funds, potentially raised by selling more government bonds, could be announced as soon as Saturday by the country’s finance minister in a highly anticipated briefing, according to a Bloomberg survey of 23 market participants.

Prime Minister Datuk Seri Anwar Ibrahim said Malaysia has requested a waiver of visa requirements on a reciprocal basis with Canada.

The request was conveyed to his Canadian counterpart Justin Trudeau during a bilateral meeting on the sidelines of the 44th and 45th Asean Summits and Related Summits here on Thursday.

Malaysia requests waiver for visa requirements on reciprocal basis with Canada

Asian equities were set to ignore losses in their US peers after hotter-than-expected core inflation and a slowdown in the labor market fueled debate about a potential Federal Reserve (Fed) interest-rate cut next month.

Equity futures for Japan shares rose on Friday, while those for Australia were little changed. Hong Kong markets are closed for a holiday. A gauge of US-listed Chinese companies edged higher on Thursday, echoing gains in China in the prior session, as investors shifted their focus to a&nbsp;key meeting&nbsp;on fiscal policy this weekend.

Johor-based furniture manufacturer SHH Resources Holdings Bhd (KL:SHH) said it is diversifying into the food industry by acquiring a majority stake in a health foods and frozen fruits company.

SHH Resources diversifies into food industry via 51% stake buy in health foods firm

Pfizer Inc company officials threatened legal action against two former top executives who had been working with Starboard Value to push for changes at the drugmaker, the activist investor alleged on Thursday in a letter to the company’s board.

US stocks fell after data showed hotter-than-expected inflation and a slowdown in the labour market, amplifying the debate on whether the Federal Reserve (Fed) will opt for a smaller rate cut next month or a pause after a large September reduction.

Following a rally to all-time highs, the S&amp;P 500 took a breather. While Thursday’s economic figures were not perceived by Wall Street as catastrophic, they certainly highlighted the Fed’s challenge of bringing inflation back to the 2% target without cooling the jobs market too much. And that has added to the debate about the Fed’s next steps. For now, bond traders continued to bet the central bank will reduce the pace of cuts to 25 basis points in November.

Yang Dipertuan Besar Negeri Sembilan, Tuanku Muhriz Tuanku Munawir has decreed that the welfare of children associated with GISB Holding Sdn Bhd (GISB) in the state be safeguarded, including ensuring they receive proper mainstream education.

Tuanku Muhriz issues decree to protect welfare of GISB-linked children

Federal Reserve Bank of New York president John Williams said Thursday he expects more rate cuts lie ahead as inflation pressures continue to moderate.

Tata Consultancy Services Ltd’s quarterly profit missed analysts’ estimates, a sign that clients from banks to retailers remain hesitant to commit to large investments on information technology.

The Malaysian Institute of Economic Research (MIER) believes that Budget 2025 will have a strong focus on regional cooperation, particularly in fintech, financial inclusion and cross-border trade.

The think-tank said this will further boost Malaysia’s position as it assumes the Asean chairmanship next year.

Strong focus on regional cooperation in Budget 2025 to boost Malaysia's Asean chairmanship

The Royal Malaysian Police will collaborate with religious authorities and related agencies to ensure that the teachings and beliefs propagated by GISB Holdings Sdn Bhd (GISB) are not revived.

Police, religious authorities join forces to prevent resurgence of GISB beliefs

Europe’s sugar companies are facing revenue pressures, after last year’s stellar performance, as increased supplies are pushing down prices and hurting their bottom line. 
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Suedzucker, the largest producer of the sweetener in Europe, saw an 81% drop in operating profit for its sugar unit in its first-half financial report, citing falling prices in the European Union (EU) and higher exports from the bloc to the world market.

Europe’s sugar companies see strong supplies eating into their profits 

Education Minister Fadhlina Sidek has expressed hope that Budget 2025, which will be tabled in Parliament next week, will prioritise strengthening the entire education ecosystem to ensure that no one in the country is left behind.

Budget 2025: MOE hopes for priority in strengthening education ecosystem

Malaysia welcomes investments of US$14.70 billion (RM63.02 billion) proposed so far by&nbsp;US technology giants, including Google, Microsoft, Enovix Corporation, Amazon Web Services, Abbott Laboratories, and Boeing.