(Nov 5): The backlash against data centers evident in this week's US midterm elections raises new risks for a key source of economic growth. But restrictions on development could ultimately reduce the odds of a downturn by keeping the AI investment boom in check.

Around half of planned ...

US data-center backlash may lower odds of AI investment bust

(Nov 5): Alphabet's Google will invest $17 billion to build its first data center in Wyoming, the company said on ​Thursday, pushing ahead with a major AI infrastructure ‌investment as political resistance to data center expansion grows following the US midterm elections.

Of the 41...

Google plans $17 billion Wyoming data center amid rising threats of curbs

Asian stock futures pointed to steep losses on Friday as a post-election rout in chipmakers deepened on Wall Street on growing concerns that Democrats will seek tighter regulation of the artificial intelligence industry.

Asian stocks brace for selloff as AI rout deepens

(Nov 5): Shares of Elon Musk's companies ‌SpaceX and Tesla slumped on Thursday, extending losses from the previous session, as investors worried that Democratic wins in the US midterm elections could slow data center build-outs.

SpaceX, which has leaned into the ​AI data ...

SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook

A post-election slide in chipmakers snowballed as investors bailed from technology shares on speculation that congressional Democrats will clamp down on the artificial-intelligence industry.

S&P 500 sinks 4% as AI washout rattles Wall Street

The Nasdaq Composite looked set to confirm a correction on Thursday, with chipmakers tumbling, after the Democrats' sweeping victory in midterm elections fueled fears of tighter artificial intelligence (AI) regulation.

Nasdaq set to confirm correction as AI stocks tumble

Paraguayan President Santiago Peña stepped down on Thursday after the collapse of a major commercial bank with ties to his government plunged the South American nation into financial and social turmoil.

Bank collapse topples a president and Trump ally in Paraguay

Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn sceptical on the artificial intelligence (AI) trade after the Democrats dominated the midterm elections.

Chips selloff worsens as fears about AI trade grip stock market

Voters in the Melaka state election are urged to choose elected representatives who have a "direct line" to the Prime Minister's Office to ensure smooth development processes and the protection of local residents' welfare.

Melaka polls: Choose candidates who have 'direct line' to PM's office — Anwar

Emerging economies’ external debt climbed to a record US$9.4 trillion (RM38 trillion) in 2025, according to the World Bank, boosted in part by the poorest nations facing borrowing cost levels unseen since the 1980s.

Poorer nations face highest debt costs since 1989, World Bank says

The Nasdaq Composite looked set to confirm a correction on Thursday, with chipmakers tumbling, after the Democrats' sweeping victory in midterm elections fueled fears of tighter artificial intelligence (AI) regulation.

A brief recap of some business news and corporate announcements that made the headlines on Thursday.

ViTrox, Sunway Construction, Zetrix AI, SD Guthrie, Lotte Chemical Titan, Pentamaster, Kobay, F&N, Tanco, Alpha IVF, TT Vision

The dispute between Petroliam Nasional Bhd (PETRONAS) and Petroleum Sarawak Bhd (PETROS) is expected to be settled by year-end, according to Sarawak Premier Tan Sri Abang Johari Tun Openg.

PETRONAS-PETROS dispute to be settled by year-end, says Abang Johari

MRT Corp has awarded a RM2.69 billion contract to a joint venture comprising China Communications Construction Company, TRC Construction and Ufuk Semarak for the construction of the Penang LRT Mutiara Line's cross-sea extension linking Penang Island to the mainland.

MRT Corp awards RM2.69 bil contract for Penang LRT cross-sea extension

Goldman Sachs Group Inc and Apollo Global Management Inc are in talks with Wall Street investors to start selling portions of a roughly US$40 billion (RM162.55 billion) chip financing deal for SpaceX, just as the artificial intelligence (AI) boom braces for upheaval following a sweeping Democratic victory.

Goldman, Apollo in talks to sell SpaceX’s US$40 bil AI deal — Bloomberg

Pentamaster Corp Bhd (KL:PENTA) reported a 19.6% year-on-year increase in third-quarter net profit, driven by stronger demand for factory automation solutions (FAS), particularly from the artificial intelligence (AI) computing sector. 
&nbsp;

Pentamaster 3Q net profit rises on AI demand, expects double-digit revenue growth for FY2026

The proposed privatisation of Yinson Holdings Bhd (KL:YINSON) is “a shareholder matter” with no immediate impact on Yinson Production Ltd (YPL), which is the offshore floating asset arm of Yinson.

No strategy change from Yinson privatisation, says floating asset unit chief

Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn sceptical on the artificial intelligence (AI) trade after the Democrats dominated the midterm elections.

Fertility care specialist &nbsp;Alpha IVF Group Bhd (KL:ALPHA) has secured approval from the Securities Commission Malaysia (SC) and Bursa Malaysia to transfer its listing from the ACE Market to the Main Market.

Alpha IVF gets SC, Bursa approval for Main Market transfer 

Russian President Vladimir Putin has placed the Russian assets of Japan Tobacco International (JTI) under temporary administration, a decree showed on Thursday, making it the latest foreign company to lose control of its local operations in a widening Kremlin crackdown.

Putin seizes control of Russian assets of Japan Tobacco

Fraser &amp; Neave Holdings Bhd (KL:F&amp;N) reported an 18.2% increase in net profit to RM135.05 million for its fourth financial quarter, from RM114.29 million a year earlier, mainly due to lower tax expenses.

F&N 4Q net profit rises 18% on lower tax expenses, proposes 30 sen final dividend

The government has agreed to provide flexibility regarding the existing moratorium on the export of raw rare earth element (REE) materials through the Guidelines for the Conditional Export of Raw Rare Earth Elements in order to attract potential investors.

Govt grants flexibility in rare earth element export moratorium to attract investors

Paraguayan President Santiago Peña stepped down on Thursday after the collapse of a major commercial bank with ties to his government plunged the South American nation into financial and social turmoil.

The number of companies holding open approved permits (APs) has risen to 414 as of Thursday, up from 107 in 2019, following the government’s move to expand bumiputera entrepreneurs’ participation in the country’s automotive industry.&nbsp;

Number of open AP holders increases fourfold since 2019 — Johari Ghani

KUALA LUMPUR (Nov 5): TT Vision Holdings Bhd (KL:TTVHB) has secured a purchase order worth RM15.32 million for automated optical inspection equipment.

According to its bourse filing, the Penang-based vision equipment maker secured the purchase order from an unnamed global opto-semicondu...

TT Vision bags RM15.32 mil order for automated optical inspection equipment

Yinson Production Ltd continues to prefer the lease-and-operate model for its floating asset business, said its chief executive, even as more oil majors explore the turnkey model in recent years.

Yinson's floating rig business prefers leasing model despite market shift towards turnkey

Voters in the Melaka state election are urged to choose elected representatives who have a "direct line" to the Prime Minister's Office to ensure smooth development processes and the protection of local residents' welfare.

The Bank of England (BOE) raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues, as it started on a path that its main peers have already embarked on.

Bank of England raises rates for first time since 2023, warns another move likely

The midterm drubbing of Donald Trump's Republicans may strengthen China's hand in trade talks with Washington, but Beijing is unlikely to revel in the misfortunes of a US president whose successor could prove less accommodating. 
&nbsp;

Trump's political humbling signals short-term gain, long-term pain for China

Democrats vowed to use their resounding midterm victory to rein in President Donald Trump, setting up two years of possible deadlock in Washington, as Trump spent his first post-election appearance showing off his under-construction White House ballroom.

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