Sony on Thursday raised its operating profit forecast for the year ending in March by 2% to ¥1.34 trillion (US$8.70 billion or RM38.7 billion) as it reported strong growth at its key gaming unit.

Sony lifts profit forecast as games business shines

Alibaba will partner with Apple to support iPhones' AI services offering in China, its chairman said on Thursday, a move likely to help the US company ease falling smartphone sales in its key market.

Alibaba to partner with Apple on AI features, sending shares to three-year high

Elon Musk said on Thursday his AI chatbot, and ChatGPT challenger, Grok 3, is in the final stages of development and will be released in about a week or two.

Elon Musk says Grok 3 in final stages, outperforming all chatbots

Siemens AG’s revenue rose in its first fiscal quarter as robust demand for its electrification products offset an ongoing slump in sales of factory-automation equipment.

Siemens’ revenue rises on growing electrification demand

Chinese search engine leader Baidu said on Thursday it would make its artificial intelligence chatbot Ernie Bot free starting April 1, citing improved technology and reduced costs.

Baidu to make AI chatbot Ernie Bot free of charge from April 1

(Feb 13): Blue Origin is preparing for significant job cuts to reduce costs and focus on increasing rocket launches after years of research and development, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The magnitude of the layoffs was not immedi...

Blue Origin prepares for significant job cuts, Bloomberg News reports

The frenzy over Chinese artificial intelligence is turning Alibaba Group Holding Ltd into an investor favorite again, injecting new life into an e-commerce giant.

Alibaba becomes China’s new AI darling with US$87 bil rally

Nvidia Corp investors have typically rushed to buy the stock on any dips. But the mood since the DeepSeek-driven rout has been different, signaling that fears of a slowdown in AI spending aren’t going away.

Nvidia shares no longer bulletproof as DeepSeek fears linger

Adobe on Wednesday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.

Adobe launches AI video tool to compete with OpenAI

BENGALURU (Feb 12): Robinhood beat expectations for fourth-quarter profit on Wednesday, driven by a surge in equity, option and crypto trading on its platform, following Donald Trump's return to the White House, sending its shares up more than 14% after the bell.

Robinhood beats profit estimates as post-election trading frenzy lifts volumes

(Feb 12): Reddit missed market estimates for daily active unique visitors in the fourth quarter on Wednesday, hit by changes in Google's search algorithm that impacted how often the social media platform appeared in the search results, sending its shares down 16% in extended trading.

Reddit misses estimates for daily active unique visitors in fourth quarter, shares tumble

Dagang NeXchange Bhd (KL:DNEX) said an arbitrator has ruled against its units, DNeX Semiconductor Sdn Bhd and SilTerra Malaysia Sdn Bhd, in a dispute related to a shareholders’ agreement between the two firms and Tethystronics Technologies Company Ltd (TTCL).

DNeX says arbitrator ruled against its units in dispute related to shareholders' agreement

Quantum computers that are “practically useful” are five to 10 years away, Google chief executive officer Sundar Pichai said, comparing the groundbreaking technology to where artificial intelligence was about a decade ago.

Google CEO sees ‘useful’ quantum computers five to 10 years away

Meta Platforms Inc made a small change last month that’s likely to increase the company’s profit by billions of dollars this year.

It wasn’t the release of a new product or cost cuts. It was a tweak to an accounting formula used to measure the depreciation of its expensive artificial intelligence (AI) infrastructure.

Meta’s accounting move on AI servers to boost profit this year

Property developer Glomac Bhd (KL:GLOMAC) has established an Islamic medium-term note (IMTN) programme of up to RM3 billion in nominal value with Malayan Banking Bhd (KL:MAYBANK), to be utilised for land acquisition, capital expenditure and working capital.

Glomac launches inaugural RM3b sukuk programme with Maybank

Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.

Commerzbank to cut 3,900 jobs, mainly in Germany, as it seeks to fend off UniCredit

Thousands of Belgians took to the streets on Thursday in protest over the new government's planned pension reforms in the first day of a multi-day strike that halted all air traffic in the country.

Brussels airport cancelled 430 flights on Thursday, a spokesperson said, adding that the disruption to the air traffic sector would last just one day.

Anti-government protest in Belgium halts air traffic

The euro rose to a one-week high against the dollar on Thursday as optimism over prospects of a peace deal between Ukraine and Russia overshadowed a hotter-than-expected US consumer prices print.

US President Donald Trump said late on Wednesday that both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace in separate phone calls with him.

Euro rallies as Ukraine peace hopes cushion US inflation shock

Nestle SA shares rose the most since 2009 after sales growth at the world’s biggest foodmaker edged up from historically low levels in the final quarter of last year.

Nestle shares surge most since 2009 as sales growth picks up

eFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation.

eFishery cuts about 90% of jobs as potential liquidation looms

China's Iron and Steel Association said the 25% tariff increase on all steel and aluminum exports to the United States would have an adverse impact on the supply chain of the global steel industry, including China's steel industry, state broadcaster China Central Television reported on Thursday.

US steel tariffs risk igniting global trade war, says China's Iron and Steel Association

KUALA LUMPUR (Feb 13): The government will introduce the New Investment Incentive Framework (NIIF), which will be implemented from the third quarter of 2025, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong.

Liew: Govt to introduce new investment incentive framework in 3Q2025

The Entrepreneur and Cooperatives Development Ministry (Kuskop) disbursed financing worth RM346.28 million to 9,937 entrepreneurs of micro, small and medium enterprises (MSMEs) and cooperatives in Negeri Sembilan throughout 2024.

Entrepreneur Ministry disbursed over RM300m to MSMEs, cooperatives in Negeri Sembilan last year

(Feb 13): A corporate tie-up in Australia will produce a parade of fortunes in an industry hardly known for extravagance.

Former intern becomes billionaire in Australia pharmacy merger

Shares of Revenue Group Bhd (KL:REVENUE) fell to a new record low on Thursday as investors baulked at the payment solutions firm’s proposed cash call to fund a venture into money lending.

Revenue Group shares hit new all-time low after proposed cash call

Sunway Bhd (KL:SUNWAY) said on Thursday it has signed a master agreement for a mixed-use development worth more than RM2.6 billion in Johor.

Sunway signs master agreement for RM2.6b transit-oriented project in Johor, shares rise

CelcomDigi Bhd (KL:CDB) said on Thursday its net profit fell nearly 64% in the final quarter of 2024 from a year earlier, primarily due to higher depreciation and impairment charges.

Net profit for the three months ended Dec 31, 2024, was RM157.04 million, down 63.9% year-on-year (y-o-y) from RM435.15 million in the same period in 2023, according to an exchange filing on Thursday.

CelcomDigi books RM217m impairment, 4QFY2025 net profit down 64% 

THE idiom “it never rains but it pours” aptly describes the situation that YTL Power International Bhd (KL:YTLPOWR) and its parent YTL Corp Bhd (KL:YTL) are in now.

In two weeks, roughly RM11.3 billion has been wiped off YTL Power’s market capitalisation while YTL Corp’s market cap is d...

Cover Story 1: YTL group is a casualty of AI selldown

Data centre jobs in Malaysia appear intact despite the US’ attempt to curb exports of advanced chips thanks to strong demand for digital infrastructure, said IJM Corporation Bhd (KL:IJM).

Data centre jobs remain intact despite US export rules — IJM Corp 

Europe's main stock markets and currencies rallied on Thursday on growing optimism about a peace deal between Ukraine and Russia, and as bond buyers overcame their latest wobble after stubbornly high US inflation data.

European stocks and currencies rally on Ukraine peace deal hopes 

The frenzy over Chinese artificial intelligence is turning Alibaba Group Holding Ltd into an investor favorite again, injecting new life into an e-commerce giant.

Nvidia Corp investors have typically rushed to buy the stock on any dips. But the mood since the DeepSeek-driven rout has been different, signaling that fears of a slowdown in AI spending aren’t going away.

Heineken Malaysia Bhd's (KL:HEIM) shares climbed to a near two-year high on Thursday after the local unit of the Dutch brewer announced a record quarterly net profit.

Heineken Malaysia shares reach near two-year high after record quarter

Malaysian Pacific Industries Bhd (KL:MPI) could dish out a special dividend following the semiconductor services firm’s proposed sale of land in Penang, CIMB Securities flagged.

CIMB Securities sees potential special dividend from MPI’s land sale

PUTRAJAYA (Feb 13): The Court of Appeal (COA) has on Thursday dismissed the Attorney General’s (AG)&nbsp;appeal over the High Court’s decision to grant leave to lawyer Rosli Dahlan to have the merits of his judicial review to challenge the authorities’ wrongful arrest, freezing of his bank accounts, and imposition of a travel ban on him, following the authorities’ probe on online-payment and e-commerce company i-Serve after a report lodged by AirAsia.

Appellate court dismisses AG’s appeal to challenge leave for judicial review granted to lawyer Rosli Dahlan

The government is set to table a Cabinet paper on the implementation of the multi-lane free flow (MLFF) toll collection system soon to seek further input and consensus, according to Deputy Works Minister Datuk Seri Ahmad Maslan (BN-Pontian).

Single multi-lane free flow toll system 'challenging', Cabinet paper to be tabled soon, says Ahmad Maslan

KUALA LUMPUR (Feb 13): Malaysia announced on Thursday that it will raise the paddy purchase floor price to RM1,500 metric tonne effective Feb 16.

Malaysia raises paddy floor price to RM1,500 per tonne effective Feb 16

(Feb 13): Wall Street traders sent bond yields soaring after hot inflation data spurred bets the Federal Reserve won’t have much room to cut rates, though stocks pared most of Wednesday’s losses as tech buyers stepped in. Oil sank as the US agreed with Russia to begin talks on ending the war in Ukraine.

US bonds crushed by CPI as Nasdaq 100 erases 1% loss

Alibaba will partner with Apple to support iPhones' AI services offering in China, its chairman said on Thursday, a move likely to help the US company ease falling smartphone sales in its key market.

KUALA LUMPUR (Feb 13): Malaysia’s economic growth in the final quarter of 2024 could potentially exceed expectations, following a strong performance in retail and wholesale trade data.

Malaysia’s 4Q growth could exceed estimates, economists tip following strong data

T7 Global Bhd (KL:T7GLOBAL)’s subsidiary Tanjung Offshore Services Sdn Bhd has been awarded a contract by EnQuest Petroleum Production Malaysia Ltd for maintenance, construction, and modification, as well as hook-up and commissioning services under the B3 Package, with an initial duration of five years.

T7 Global gets sixth five-year O&G maintenance, commissioning contract

PUTRAJAYA (Feb 13): Former Industrial Court chairman&nbsp;Rajeswari Karupiah has been appointed as National Wage Negotiation Council (MPGN) deputy chairman from Feb 1, 2025 to Sept 30, 2026.

HR Ministry appoints Rajeswari Karupiah as National Wage Negotiation Council deputy chairman

Prime Minister Datuk Seri Anwar Ibrahim has assured that he will address the Parliament regarding the purported royal document allowing Datuk Seri Najib Razak to serve the rest of his jail term under home detention once the legal process is completed.

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