The major US stock indices fell on Friday as fresh concerns about Nvidia reignited a selloff in technology shares, while softer October producer prices data offered little relief.

Wall St slides as Nvidia overhang weighs on tech

Federal Reserve Bank of Boston president Susan Collins said additional interest-rate increases will be needed soon as price pressures are broadening.

Fed’s Collins says higher rates are appropriate ‘soon’

Former prime minister Datuk Seri Najib Razak’s movement outside his residence for nearly eight hours on Friday was to attend to several matters, including a medical check-up, Friday prayers and rehabilitation programmes, according to the Malaysian Prisons Department.

Najib’s eight-hour movement outside home complied with house arrest SOP — Prisons Dept

Prime Minister Datuk Seri Anwar Ibrahim has urged the people of Melaka to use their ballots in the state election on Saturday to reject those who exploit religion for political gain, as well as individuals involved in corruption.

Anwar urges Melaka voters to reject exploiters of religion, corrupt individuals

Malaysian manufacturers should take the ongoing Microsoft services disruption as a reminder to strengthen their digital resilience, said the Federation of Malaysian Manufacturing (FMM).

Take Microsoft outage as reminder to beef up manufacturing sector resilience, says FMM

Heitech Padu Bhd (KL:HTPADU) said it is exploring potential opportunities to participate in Myanmar’s Yadanapon Cyber City project.

HeiTech Padu eyes opportunities in Myanmar’s Yadanapon Cyber City project

Fallout from Jensen Huang’s ouster as Nvidia Corp chief executive officer is reaching deep into Washington, where Commerce Secretary Howard Lutnick is confronting accusations that his department didn’t do enough to keep the company’s prized artificial intelligence (AI) chips out of China’s hands.

Lutnick under fire as Bessent blames Commerce Secretary in Nvidia crisis

Bersih chairman Muhammad Faisal Abdul Aziz, in an appeal to the Yang di-Pertuan Agong and the Malay rulers on Friday, said consideration of a royal pardon for Datuk Seri Najib Razak should have been deferred until the conclusion of his outstanding court proceedings.

In letter to Malay rulers, Bersih chairman says Najib's clemency should be deferred

Asda avoided a quarterly drop in sales for the first time in more than two years — though just barely — as the struggling grocer drew more shoppers online with the help of its loyalty programme.

Asda’s flat sales end losing streak as new CEO joins UK grocer

KUALA LUMPUR (Nov 13): Here is a brief recap of some business news and corporate announcements that made headlines on Friday:

Zetrix AI Bhd (KL:ZETRIX) admitted that it is unable to repay the entire RM2 billion outstanding under its sukuk programme and has proposed amen...

Zetrix AI, BCB, Berjaya Property, Destini, Magma, DXN, WCT, Alam Maritim, MyMBN

Financially troubled Zetrix AI Bhd (KL:ZETRIX) on Friday admitted that it is currently unable to repay the entire RM2 billion outstanding under its sukuk programme. The company also said that the suspension of its services as a collection agent for the Road Transport Department (JPJ) is expected to reduce its revenue by about 15%.

Zetrix AI says unable to repay RM2 bil sukuk now, expects 15% revenue hit from JPJ suspension

Bersih chairman Muhammad Faisal Abdul Aziz, in an appeal to the Yang di-Pertuan Agong and the Malay rulers on Friday, said consideration of a royal pardon for Datuk Seri Najib Razak should have been deferred until the conclusion of his outstanding court proceedings.

Billionaire investor and Nvidia Corp shareholder Leo KoGuan expressed support for Jensen Huang on Friday and said he won’t increase his stake in the tech company with someone else at the helm.

Billionaire KoGuan vows to stop buying Nvidia after Huang exit

Southeast Asia's chip and data centre industries expect greater scrutiny after news of former Nvidia CEO Jensen Huang's affair with a suspected Chinese spy put the spotlight on Singapore and Malaysia, executives and analysts said.

US lawmakers from both parties are pushing for tougher restrictions on China's access to advanced artificial intelligence chips after the Huang scandal increased scrutiny of Nvidia's role in US national security.

Nvidia fallout throws spotlight on AI boom in Malaysia and Singapore 

KUALA LUMPUR (Nov 13): Here is a brief recap of some business news and corporate announcements that made headlines on Friday:

Zetrix AI Bhd (KL:ZETRIX) admitted that it is unable to repay the entire RM2 billion outstanding under its sukuk programme and has proposed amen...

Mobbed on trips to his birthplace Taiwan by excited fans, Nvidia's former CEO Jensen Huang was for many Taiwanese more than a hero — he helped the diplomatically isolated island feel seen by the rest of the world and instilled a sense of immense pride.

His departure from Nvidia has left many reflecting on the loss of a charismatic champion who helped put Taiwan at the centre of the AI revolution, while raising questions about whether his successor can maintain the same close ties with its technology industry.

Jensen Huang's tech superstar status made Taiwanese feel special

Former prime minister Datuk Seri Najib Razak’s movement outside his residence for nearly eight hours on Friday was to attend to several matters, including a medical check-up, Friday prayers and rehabilitation programmes, according to the Malaysian Prisons Department.

Colette Kress spent years as the one Nvidia executive willing to check CEO Jensen Huang’s enormous, often risky ambitions. As he drove the chipmaker deeper into multibillion-dollar AI investments, she pushed back, according to two people familiar with the matter on Thursday.

Colette Kress, the CFO who challenged Huang's bets, is Nvidia's interim CEO

Malaysian manufacturers should take the ongoing Microsoft services disruption as a reminder to strengthen their digital resilience, said the Federation of Malaysian Manufacturing (FMM).

DXN Holdings Bhd (KL:DXN) is exploring opportunities to source raw materials and expand its agribusiness operations in Venezuela through a collaboration with the country's La Guaira Special Economic Zone (SEZ).

The health and wellness products manufacturer and direct seller entered into a Memorandum of Understanding (MOU) with La Guaira SEZ to explore cooperation in sustainable agriculture, aquaculture, agro-processing and manufacturing, as well as halal ecosystem development in Venezuela, according to a bourse filing on Friday.

DXN eyes raw material sourcing, halal opportunities in Venezuela to support Latin American operations

The major US stock indices fell on Friday as fresh concerns about Nvidia reignited a selloff in technology shares, while softer October producer prices data offered little relief.

Angkatan Muda Keadilan (AMK) said PAS president Tan Sri Abdul Hadi Awang's remark that "even the worst Muslim ruler is less oppressive than a non-Muslim ruler" was an insult to the country's non-Muslim community.

PKR youth wing condemns Hadi Awang's remarks as insulting to non-Muslims in Malaysia

Asda avoided a quarterly drop in sales for the first time in more than two years — though just barely — as the struggling grocer drew more shoppers online with the help of its loyalty programme.

Destini Bhd (KL:DESTINI) expects to book an additional RM4.14 million provision after an arbitral tribunal ruled against the company in an invoice dispute.

Destini expects additional RM4.14m provision after unfavourable arbitration award

Magma Group Bhd (KL:MAGMA) has scrapped its plan to acquire the LUMA Hotel in Kota Kinabalu for RM60.9 million in a cash-and-shares deal.

Magma abandons planned RM61m acquisition of Sabah hotel

A man was sentenced to 12 months in prison and fined RM250,000 by the Sessions Court here for desecrating the Quran and posting grossly offensive content on social media in February.

Quran desecration: Man jailed 12 months, fined RM250,000

Treasury Secretary Scott Bessent on Friday said his department was in favour of putting Megaspeed on the US entity list for months, adding that it was up to the Commerce Department to manage the list and that the FTC could possibly take action.

Bessent says Treasury favoured limits on Megaspeed

Just when global bond investors were starting to believe the worst of this year’s rout was over, surging Treasury yields are making them think again.

Investors warn bond rout not over after week of soaring yields

Bitcoin fell below US$70,000 (RM285,397) on Friday for the first time since August, extending a two-day slump to as much as 9% as concerns about inflation and higher interest rates weighed on cryptocurrencies.

Bitcoin slides below US$70,000 as inflation concerns hurt crypto

Fallout from Jensen Huang’s ouster as Nvidia Corp chief executive officer is reaching deep into Washington, where Commerce Secretary Howard Lutnick is confronting accusations that his department didn’t do enough to keep the company’s prized artificial intelligence (AI) chips out of China’s hands.

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