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

Wall Street's main indices opened higher on Monday with technology and artificial intelligence (AI)-related stocks steadying after a dismal October, while risk sentiment got a lift as crude oil prices dropped sharply amid growing hopes of a US-Iran peace deal.

US stocks open higher as AI trade steadies, oil falls

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

Google parent Alphabet is selling €6 billion (US$6.7 billion or RM27.3 billion) of bonds on Monday, according to a memo from one of the deal's managers, testing investor appetite after doubts about the AI trade triggered a recent sell-off in tech stocks and debt.

Alphabet kicks off €6b bond sale, tests appetite for tech debt

Northern Solar Holdings Bhd (KL:NORTHERN) has secured two letters of award to supply renewable energy from solar projects with a combined capacity of 189 megawatts (MW), coupled with battery storage systems, to two data centre projects.

Northern Solar secures solar-plus-battery projects totalling 189MW for data centres

Danone is ramping up research investment in China as it plans more medical nutrition products aimed at the country’s ageing population.

Danone targets China’s ageing population with new research hub

Prosper Trading Sdn Bhd's failure to initially recognise Australian-listed PRL Global Ltd and its wholly owned subsidiary as persons acting in concert (PACs) led to its collective shareholding in United Malacca Bhd (KL:UMCCA) crossing the 33% takeover threshold in September 2024, triggering a mandatory general offer (MGO) that was not made at the time.

Prosper's overlooked PRL Global ties behind delayed United Malacca takeover offer

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 

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•&nbsp;&nbsp; &nbsp;JCorp and CVC, together with the EPF, are shareholders of the fast-food businesses through Massive Equity Sdn Bhd

•&nbsp;&nbsp; &nbsp;Massive Equity wholly owns...

JCorp, CVC said to eye exit from KFC and Pizza Hut

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•&nbsp;&nbsp; &nbsp;Menara Tun Perak’s listed book value is around RM65.87 million. The building is currently on a 10-year triple-net lease deal with PNB, which generates a minimum rental in...

Menara Tun Perak, Maybank’s former KL headquarters, up for sale, sources say

KUALA LUMPUR (Nov 2): The government will reject applications for new manufacturing licences that perpetuate heavy reliance on low-skilled foreign labour, according to Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.

Govt to reject new manufacturing licences premised on heavy foreign labour reliance — trade minister

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   

KUALA LUMPUR (Nov 2): Lawmakers have called for reforms to the Malaysian Anti-Corruption Commission (MACC) Act 2009 and urged the government to make the findings of investigations involving former MACC chief commissioner Tan Sri Azam Baki public to prevent future abuse of power.

Lawmakers urge MACC reforms, renew call for public release of Azam Baki probe findings

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

PETRONAS has signed farm-out agreements with French energy giant TotalEnergies and national oil companies of Kuwait and Thailand for two gas fields offshore Sarawak.

PETRONAS signs farm-out agreements for fields offshore Sarawak

The mass exit of Zetrix AI Bhd’s (KL:ZETRIX) three independent directors last week marks the total departure of all four of the group’s independent directors in less than three weeks, leaving behind only three executive directors on its once seven-member board.

Frankly Speaking: An exodus that leaves Zetrix without independent oversight

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

KUALA LUMPUR (Nov 2): Pekat Group Bhd (KL:PEKAT) is acquiring six adjoining freehold industrial plots in Nilai, Negeri Sembilan, from Sime Darby Property Bhd (KL:SIMEPROP) for RM30.58 million.

Pekat buys six industrial land plots in Nilai from Sime Darby Property for RM31 mil

CTOS Digital Bhd (KL:CTOS) said on Monday that all credit reporting services affected by a cybersecurity breach have been restored following the implementation of remediation measures and enhanced security controls.

CTOS fully restores services following cybersecurity breach

HSBC expects the ringgit to weaken in 2027, as a resilient greenback and widening interest rate differentials weigh on the local currency.

HSBC expects a weaker ringgit into 2027, gold may recover

The Penang government has received no fresh request from Consortium Zenith Construction Sdn Bhd (CZC) to reauction a six-acre (2.42-hectare) plot of land near Gurney Drive after an earlier auction failed to attract bidders.

CZC no longer cash-strapped, no request for reauction of land near Gurney Drive, says Penang CM

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

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

Malaysia's strong export performance and foreign direct investment (FDI) inflows may not translate into equivalent gains for the ringgit, as profit repatriation by multinational companies and growing investments abroad offset some of the benefits, according to HSBC Malaysia.

Profit repatriation, AI investment risks could limit ringgit gains — HSBC

CelcomDigi Bhd’s (KL:CDB) core earnings for the financial year ending Dec 31, 2026 (FY2026) to FY2028 are expected to take a small hit, between 1% to 4%, following an assignment to boost its network capacity and coverage, according to CIMB Securities.

CIMB Securities trims CelcomDigi’s FY2026-FY2028 earnings forecasts on spectrum cost

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

ALOR GAJAH (Nov 2): The launch of two new hybrid vehicle models by EP Manufacturing Bhd (KL: EPMB) is expected to strengthen Melaka’s position as an automotive manufacturing hub, while also increasing production capacity and creating more high-skilled job opportunities in the state.

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