Taiwan’s central bank is said to have eased restrictions on exporters selling US dollars to support the local currency after record foreign stock outflows helped make it Asia’s worst performer last month.

Taiwan said to ease exporter FX rule after record stocks exodus

The Reserve Bank of India’s net short dollar book rose past US$200 billion (RM815.9 billion) for the first time, reflecting surging future repayment obligations from a dollar diaspora programme to support the rupee.

RBI’s short dollar book surges past US$200 bil on forex plan

The dollar climbed to a seven-week high on Thursday after the Federal Reserve raised rates and reaffirmed its commitment to curbing inflation, though it later eased as energy prices extended their fall on diminishing fears of supply disruptions.

Dollar eases from seven-week peak as oil prices extend decline

China has expanded its onshore central clearing system to more foreign currencies, another step towards promoting direct trading with the yuan and reducing reliance on the dollar.

China adds currencies to central clearing in yuan’s global push

South Korea's National Pension Service, the world's third-largest public pension fund, had been conducting currency hedging flexibly this year after raising its limit to help policymakers curb weakness in the won.

South Korea pension fund suspends FX hedging as won hits two-year high — Reuters

The Indian rupee climbed to a two-month high on Thursday after massive overseas fundraising through one-off measures far exceeded market expectations, improving the currency's outlook at a time when a renewed US-Iran conflict has pushed crude prices higher and contributed to a global bond selloff.

Indian rupee scales 2-month peak as US$136 bil inflows bolster currency against global risks

China's yuan inched higher to a fresh 3-1/2-year high against the dollar on Thursday, aided by a significantly stronger central bank fixing and persistent dollar weakness driven in part by renewed gains in the Japanese yen.

Yuan hits 3-1/2-year high as yen weighs down dollar

The ringgit opened higher against the US dollar on Thursday as investors awaited Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) decision on the Overnight Policy Rate (OPR) later on Thursday.

At 8am, the local currency rose to 4.0385/0455 against the greenback from Wednesday’s close of 4.0435/0475.

Ringgit opens higher against US dollar ahead of BNM OPR decision

The yen held its gains on Thursday after a sudden, brief surge in the previous session that traders suspect may have been driven by government authorities, keeping pressure on the dollar ahead of a crucial US jobs report.

The yen was last steady at 158.88 per dollar, having jumped 0.9% overnight, in a move that left market participants on alert for an official intervention from Tokyo.

Yen in the spotlight after sudden jump

Cathy Hepworth, who heads US$1.5 trillion (RM6.1 trillion) asset manager PGIM’s emerging-markets debt team, doesn’t hesitate when asked about her highest-conviction theme across the developing world: “Carry, carry, carry.”

‘It’s a carry world’: EM trade posts longest run since 2008

Senior economic officials from South Korea and Japan pledged on Friday to maintain close communication during talks held just weeks after a rare coordinated currency intervention to prop up their currencies.

The meeting between Moon Ji-sung, South Korea's deputy minister for international affairs, and Japan's top currency diplomat, Atsushi Mimura, took place at the Japanese Ministry of Finance in Tokyo where the two shared updates on their respective policy responses and current global macroeconomic risks, South Korea's Finance Ministry said in a statement.

South Korea, Japan pledge to maintain close coordination after rare FX intervention

The dollar slipped on Friday and was set to end a bumpy week lower, as investors questioned whether the US Treasury's efforts to calm the bond markets might end up undermining confidence in the currency.

Those concerns pushed the euro up 0.13% to US$1.1694, on course for its fourth consecutive weekly gain. The British pound was up 0.15% to US$1.3652, holding close to its highest since May.

Dollar wobbles as Treasury's bond-market buybacks raise fresh concerns

The US dollar was pinned near a three-month low on Thursday after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields to their highest since 2007, lifting risk sentiment and undercutting the currency.

The dollar index, which measures the dollar against six other currencies, was at 98.723, its lowest level since May 14. The euro was at US$1.1692, perched at the highest level since mid-May.

ING global head of markets Chris Turner said the Treasury's move to increase buybacks of Treasury securities with maturities between 10 and 30 years should reassure markets that longer-dated bonds are unlikely to face a disorderly selloff.

Dollar falls to three-month low as Treasury moves to soothe bond jitters

The US dollar-Chinese yuan has become the most-traded currency pair in Hong Kong, surpassing the Hong Kong dollar-US dollar for the first time in April, the financial hub's Treasury Markets Association said.

Dollar-yuan becomes Hong Kong's most-traded currency pair for first time

Marvell Technology Inc has reached a deal to buy data centre optics maker Lumentum Holdings Inc at an enterprise value of US$115 billion (RM466.4 billion), one of the biggest tech tie-ups ever, in a race to capitalise on the artificial intelligence (AI) boom.

Marvell reaches US$115 bil deal for Lumentum 

Wall Street's main indices rose on Monday as oil prices tumbled more than 6% on hopes of a US-Iran peace deal, with investors also bracing for Tuesday's midterm elections and another busy week of earnings.

Wall Street rises as oil falls heading into US midterm elections, more earnings

On a typically muggy Taipei day, dozens of eager Taiwanese investors packed into a conference room. Their latest obsession: the sprawling suburbs of the Arizona desert, more than 7,000 miles from the dense neighbourhoods and narrow alleys of the island metropolis.

TSMC’s US$265 bil campus driving real estate boom in Phoenix suburbs

A hacking attack on European supermarkets spread across the continent on Monday, hitting fridges and freezers from Sweden to Belgium and forcing stores to throw away food in an incident that echoed a similar attack in France last month.

New cyberattack on supermarket fridges sweeps across Europe

US manufacturing activity picked up in October, supported by the strongest production growth in nearly five years.

US manufacturing activity accelerates as production picks up

Anthropic PBC reported third-quarter (3Q) revenue of nearly US$17 billion (RM68.95 billion) as of Sept 30, a twelve-fold increase versus the same period a year ago that’s set to stoke anticipation for the artificial intelligence (AI) lab’s potentially record-breaking  initial public offering (IPO).

Anthropic 3Q revenue hits nearly US$17 bil before blockbuster IPO

Oracle plans to raise US$20 billion (RM81.4 billion) through bond and share sales, regulatory filings showed on Monday, as the software giant taps investors to fund its costly AI and cloud infrastructure build-out.

Oracle taps investors for US$20b to finance AI expansion

Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.

China rolls out support measures to aid struggling stocks

Goldman Sachs Group Inc has irked some of its staff after it banned most of them from using advanced artificial intelligence (AI) tools designed for coding after reviewing productivity and risk concerns.

Goldman restricts traders and bankers from using some AI tools — Bloomberg

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

United Malacca, Handal Energy, CTOS Digital, ISF Group, Mega Fortris, GIIB, Ni Hsin, Econpile, Infomina, Signature Alliance, Pekat, Kretam

Tony Lim, the founder of popular Malaysian food and beverage (F&amp;B) chains BananaBro and Boat Noodle, has died at the age of 47.

BananaBro, Boat Noodle founder Tony Lim dies at 47 

Ray-Ban heir Leonardo Maria Del Vecchio proposed buying out his family members from their shared investment vehicle, in a bid to keep the EssilorLuxottica SA eyewear fortune from Czech arms billionare Michal Strnad.

Ray-Ban heir proposes family buyout after €31 bil Czech bid

The Seremban High Court on Monday ruled that the appointment of lawyers in private practice to represent Negeri Sembilan state secretary Datuk Mohd Zafir Ibrahim and the state government is valid under Section 24(3) of the Government Proceedings Act 1956.

High Court dismisses Negeri Sembilan excos objection against private lawyers representing state govt, state secretary   

Malaysian Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain returned to work on Monday after taking a week’s leave following his court charge over allegations of assaulting two junior officers.

Border Control DG Shuhaily returns to duty

Malaysia has sufficient food supply capacity for at least six months and sees no need for emergency stockpiling measures despite concerns over potential disruptions to essential supplies, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said.

Zahid: Malaysia has six-month food supply, no emergency measures needed

Shares of three companies linked to businessman Datuk Ng Meng Kee — Mega Fortris Bhd (KL:MEGAFB), GIIB Holdings Bhd (KL:GIIB) and Ni Hsin Group Bhd (KL:NIHSIN) — rebounded sharply on Monday after suffering steep losses last week, with all three counters recording double-digit percentage gains.

Mega Fortris, GIIB and Ni Hsin rebound after last week's sell-off

IOI Properties Group Bhd (KL:IOIPG) has promoted Ho Kwok Wing as its chief operating officer for property development in Malaysia.

IOI Properties promotes Ho Kwok Wing as operations chief

Google is allocating US$160 million (RM651 million) to fund new shared water infrastructure in Negeri Sembilan to support local community needs and its upcoming data centre operations at the Springhill Industrial Park in Port Dickson.

Google allocates RM651m to build water infrastructure in Negeri Sembilan

IndiGo will introduce a three-class cabin on its Airbus SE A350 fleet as India’s largest airline broadens its appeal beyond its traditional no-frills offering and expands long-haul operations, its top executive said.

IndiGo offering lie-flat beds on Airbus A350 to attract long-haul business flyers

Businessman Datuk Farhash Wafa Salvador said allegations linking him to&nbsp;intelligence agency Malaysia External Intelligence Organisation (MEIO) had caused him problems when travelling abroad.

Farhash tells court 'spy' claims caused him problems abroad 

Japanese trading house Sojitz will start buying yttrium from Malaysia as early as 2027 in a bid to diversify its procurement away from China, Nikkei Asia reported.

Japan's Sojitz to import rare earth yttrium from Malaysia — report

Indonesia exported 19 million metric tons of crude and refined palm oil in the January to September period, up 8.1% from the same period a year earlier, statistics bureau data showed on Monday.

Indonesia's palm oil exports up 8.1% in first nine months of year

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

KUALA LUMPUR (Nov 2): Investors from China are interested in developing an aluminium production plant as well as a green energy facility in Samalaju, Bintulu, Sarawak, to support manufacturing activities oriented towards the international market.

Ahmad Zahid: China investors interested in developing aluminium, green energy facilities in Bintulu

Infomina Bhd (KL:INFOM) has secured a five-year appointment from US technology company Broadcom to distribute and support its Agile Operations Division (AOD) software across 13 Asia Pacific markets, expanding its regional presence and enterprise software offerings.

Infomina secures five-year Broadcom appointment to expand software business across 13 Asia Pacific markets

Boustead Holdings Bhd, which is controlled by the Armed Forces Fund Board (LTAT), is setting up an academy to develop future leaders and strengthen its workforce as it seeks to expand its presence in Malaysia's defence industry.

Boustead partners Indonesia's MCorp to set up talent pipeline academy

The Seremban High Court on Monday has allowed the Negeri Sembilan Dewan Keadilan dan Undang (DKU) to intervene in the suit brought by 10 former state executive councilors against the state secretary Datuk Mohd Zafir Ibrahim and the state government, to challenge their removal from the executive council.

Negeri Sembilan DKU allowed to intervene in former excos’ suit, but not its secretary

Chinese buying of US farm goods other than soybeans is on track for a seven-year low this year despite an agreement to purchase billions of dollars in imports, a Reuters analysis of customs data showed, underscoring long-running uncertainties about the deal.

China's slow buying of US farm goods tests US$17 bil trade pledge

Reservoir Link Energy Bhd (KL:RL) said on Monday its 60%-owned unit has been appointed as a panel contractor for PETRONAS’s research arm.

Reservoir Link appointed panel contractor for PETRONAS research unit

A Chinese business delegation has indicated intentions to invest US$15 billion (RM61 billion) in Malaysia, across six high-potential sectors including electrical and electronics (E&amp;E), semiconductors, and the halal industry, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

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