BHUBANESWAR/HYDERABAD, India (Oct 28): Arnab, a powerful cyclone, has stalled close to India's east coast with landfall expected to last two more hours, authorities said on Wednesday.

Cyclone Arnab stalls close to India's east coast

JERUSALEM (Oct 27): Israel's wartime election appeared deadlocked on Tuesday, exit polls showed, with Gadi Eisenkot's opposition bloc running neck and neck with Prime Minister Benjamin Netanyahu's camp, leaving neither side with a clear path to power.

Israeli exit polls show deadlock, point to setback for Netanyahu

SEOUL (Oct 28): South Korean chipmaker SK Hynix announced shareholder returns of about US$75 billion on Wednesday, after reporting a more than seven-fold rise in quarterly profit as AI infrastructure continues to drive up memory chip prices.

SK Hynix unveils US$75 bil shareholder return plan after posting record profit

Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia, the world's biggest crude exporter, renewed concerns around the risks to supply in the Middle East stemming from the conflict with Iran and its proxies.

Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns

Asia stocks rallied on Wednesday after a resurgence in artificial intelligence (AI) enthusiasm ahead of earnings from industry bellwethers later in the US day, while the dollar was perky ahead of a Federal Reserve (Fed) policy decision.

Asian stocks get AI lift, dollar holds steady ahead of Fed decision

AUCKLAND (Oct 28): New Zealand's central bank held its benchmark official cash rate at 2.75% on Wednesday by a narrow vote, but said the committee agreed that tighter monetary policy is likely to be required, depending on the economic outlook.

NZ central bank holds official cash rate at 2.75%, flags rate hikes likely

(Oct 28): Anthropic PBC has tapped JPMorgan Chase & Co to lead US sales of shares to individual investors in its potentially record-setting initial public offering, people familiar with the matter said.

Anthropic said to pick JPMorgan to lead IPO’s US retail offering — Bloomberg

MEXICO CITY (Oct 27): OpenAI plans to buy Google's AI chips, The Information reported on Tuesday, citing a person familiar with the matter, as technology companies ramp up spending on data centres and semiconductors to meet surging demand for AI computing.

OpenAI plans to buy Google's AI chips, The Information reports

SYDNEY (Oct 28): Australian consumer prices rose sharply in the third quarter as fuel costs rose again, while core inflation stayed uncomfortably hot and underscored market wagers for the year's fifth hike in interest rates.

Australian inflation runs hot in 3Q, adds to rate hike risk

FRANKFURT (Oct 27): Lending in ​the euro zone continued to grow at a healthy pace in September ‌even as banks tightened access to credit on the back of higher interest rates and geopolitical turmoil, European Central Bank data showed on Tuesday.

The ECB has been gradually raising rates ...

Euro zone lending holds up even as banks tighten access

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

Zetrix AI, AirAsia, CIMB, SD Guthrie, Nestle Malaysia, LPI Capital, Dufu Technology, Eco-Shop, Tenaga Nasional, Matrix Concepts, AME Elite, Ni Hsin, HB Global, Infomina, Bintai Kinden, Paragon Globe

KUALA LUMPUR (Oct 27): Police have frozen and seized accounts involving RM409.21 million in an investigation into alleged corporate mafia activities as at Sept 25, Home Minister Datuk Seri Saifuddin Nasution Ismail said. 
 
The accounts comprise 70 share-trading accounts worth approxi...

Police freeze RM409m in share-trading, bank accounts in corporate mafia probe

A Brazilian Supreme Court justice ordered federal police to open a probe into possible illegal foreign financing of defeated candidate Flávio Bolsonaro’s presidential campaign, including by a group linked to US Vice President JD Vance.

Brazil probes foreign financing, including group linked to Vance

Pakatan Harapan (PH) component parties must respect the coalition's decision to hand the Bemban state seat to a Bersatu candidate in the Melaka state election, says PH election director Datuk Seri Amirudin Shari.

Melaka polls: PH component parties must respect decision on Bemban seat allocation — Amirudin

The extension of the West Coast Expressway (WCE) from Banting, Selangor, to Masjid Tanah was among the matters discussed by the Cabinet, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

WCE expected to be extended from Banting to Masjid Tanah — Ahmad Zahid

Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia, the world's biggest crude exporter, renewed concerns around the risks to supply in the Middle East stemming from the conflict with Iran and its proxies.

For more than two months, Malaysia has been shrouded in cross-border haze that has grown increasingly severe. While haze is an annual occurrence in Indonesia, Malaysia, Singapore and Timor-Leste, this year’s episode has been described as the worst since 2015.

Choking fumes sweep across Malaysia

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 28, 2026 

Discussions between Melaka Barisan Nasional (BN) chairman Datuk Seri Ab Rauf Yusoh and MCA president Datuk Seri Dr Wee Ka Siong is believed to have successfully resolved several deadlocks regarding seat distribution for the Melaka state election (PRN) next month.

Several deadlocks in seat distribution with MCA resolved — AB Rauf

Asia stocks rallied on Wednesday after a resurgence in artificial intelligence (AI) enthusiasm ahead of earnings from industry bellwethers later in the US day, while the dollar was perky ahead of a Federal Reserve (Fed) policy decision.

A rally in technology companies lifted stocks ahead of this week’s results from industry giants valued at more than US$10 trillion, with traders also bracing for the Federal Reserve rate decision.

US stocks rise in run-up to tech results as oil falls

US consumer confidence unexpectedly rose in October for the first time in four months on brighter views about the job market and business conditions.

US consumer confidence rises for first time in four months

JetBlue Airways Corp reassured Wall Street that it’ll be profitable next year, as the debt-laden carrier seeks to overcome persistent losses and high oil prices to prevent a deeper restructuring.

JetBlue shares soar after it vows to return to profitability

SEOUL (Oct 28): South Korean chipmaker SK Hynix&nbsp;announced shareholder returns of about US$75 billion on Wednesday, after reporting a more than seven-fold rise in quarterly profit as AI infrastructure continues to drive up memory chip prices.

Asean Special Envoy to Myanmar Maria Theresa Lazaro is expected to visit Naypyidaw, Myanmar from Oct 28 to 29 to seek progress on efforts by the country to address its political crisis ahead of the 49th Asean Summit.

Asean special envoy to visit Myanmar ahead of summit 

Pakatan Harapan (PH) aims to retain its existing seats and targets to wrest potentially winnable seats in the Melaka state election, said PH communications director Datuk Seri Fahmi Fadzil.&nbsp;

Melaka polls: PH aims to retain incumbent seats, wrest potential ones — Fahmi

LONDON (Oct 27):&nbsp;The AI boom has kept market fears at bay for more than two years. October suggests that shield is beginning to crack.

Last week's turbulence in the sector revealed investors preparing for a world where tech euphoria no longer drowns out all other macroeconomic sign...

Opinion: AI tremor exposes market's volatility fault lines

Whirlpool Corp slashed its full-year outlook for the third time this year and forecast its first annual loss in decades, citing a sluggish consumer environment and high commodity prices.

Whirlpool cuts outlook again on lacklustre demand, soaring costs

Sales of new homes in the US edged lower last month as homebuilders’ efforts to trim prices and offer sales incentives failed to offset a surge in mortgage rates.

US new home sales fall amid surge in mortgage rates

MEXICO CITY (Oct 27): OpenAI plans to buy Google's&nbsp;AI chips, The Information reported on Tuesday, citing a person familiar with the matter, as technology companies ramp up spending on data centres and semiconductors to meet surging demand for AI computing.

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