New York City's fire department reported on Thursday that more victims had been found after a three-story residential building collapsed, raising the death toll to at least eight, with 19 injured.

Eight dead in New York building collapse

Nvidia Corp’s stock plunged at the open on Thursday, taking the chipmaker’s market capitalisation below US$4 trillion (RM16.28 trillion) for the first time since 2025, after chief executive officer Jensen Huang resigned following the revelation of two affairs, one with a suspected Chinese spy.

Nvidia market cap sinks below US$4 tril following Huang's resignation

US previously owned home sales fell last month to a 16-year low as a cascade of negative news on mortgage rates and inflation deterred would-be buyers.

Existing US home sales tumble to lowest level since 2010

The S&P 500 and the Nasdaq Composite indices fell on Thursday as Nvidia CEO Jensen Huang's exit unnerved the artificial intelligence (AI) trade and higher oil prices prompted investors to retreat to the sidelines.

S&P 500, Nasdaq fall as Nvidia CEO's exit rattles AI stocks

Alice Huang, the alleged Chinese spy at the heart of the scandal that brought down Nvidia's CEO, left Singapore in February and was barred from re-entering after an investigation into possible offences, the country's home affairs ministry said on Thursday.

Singapore barred Alice Huang from re-entry following investigation

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

Pharmaniaga, Hartalega, Johor Plantations, Keyfield, PIE, Hektar REIT, Eco World & Rimbunan Sawit

1. Singapore takes seriously its reputation as a trusted international trading and business hub. We uphold the rule of law and expect all companies operating in Singapore to conduct their business honestly and in accordance with our laws. While Singapore does not enforce unilateral export controls imposed by other countries, we expect all companies operating here to take into account such regulations, including export controls, in their international business activities. Singapore does not condone companies using their association with Singapore to circumvent or violate other countries’ export controls through fraud or dishonest practices. Where there is evidence of breaches of Singapore law, we take firm action.

Singapore’s investigations into Alice Huang and Megaspeed International

Federal Reserve Bank of Cleveland president Beth Hammack reiterated her view that higher interest rates are needed to combat inflation amid demand pressures driven by investments into artificial intelligence (AI).

Fed’s Hammack says more restrictive rates are needed

All parties in the unity government must work together to support Prime Minister Datuk Seri Anwar Ibrahim's leadership and ensure the administration's efforts are not undermined, Pakatan Harapan (PH) communications director Datuk Seri Fahmi Fadzil said.

Unity govt parties must close ranks behind Anwar — Fahmi

KUALA LUMPUR (Nov 12): Master Tec Group Bhd (KL:MTEC) saw its third-quarter net profit rise 16.6% on higher sales of its cable products.

Net profit for the three months ended Sept 30, 2026 (3QFY2026) rose to RM10 million from RM8.59 million a year earlier, according to the industrial wi...

Master Tec posts 16.6% rise in 3Q net profit on higher cable sales

Malaysia Airlines Bhd said delayed aircraft deliveries plaguing the industry are threatening the carrier’s expansion plans.&nbsp; 
&nbsp;

Malaysia Airlines CEO warns new planes being delivered months late

Datuk Seri Najib Razak’s pension payments have been suspended, Home Minister Datuk Seri Saifuddin Nasution Ismail said on Thursday.

Najib’s pension payments suspended — home minister

Shares related to data centre investments in Malaysia fell on Thursday, led by YTL Power International Bhd (KL:YTLPOWR), amid reports of renewed turmoil at Nvidia.

YTL Power resumes decline amid renewed Nvidia turmoil as data centre pick-and-shovel trade falls

Thailand’s tourism recovery is losing momentum, with foreign arrivals headed for their first back-to-back annual decline outside the pandemic since at least 1995.

Thailand’s tourism comeback slips further out of reach

<div class="content-side-bar-box">
Summary

<ul>
	<li>The federal government’s non-tax revenue includes ‘net premium from issuance of government financial instruments’ of RM2 billion under Budget 2027</li>
	<li>‘Net premium from issuan...

The State of the Nation: When cash basis accounting allows net bond premiums to lift investment revenue

Genting Singapore has reported earnings of S$54.7 million (RM173.7 million) for its 3QFY2026, down 42% year-on-year. Revenue in the same three months ended Sept was down 13% to S$566.1 million, with its key gaming revenue portion down by more than a fifth to S$315 million.

Genting Singapore's 3Q earnings down 42% on weaker gaming revenue

Malaysia will look into whether Speedmatrix Sdn Bhd, the firm allegedly linked to the Nvidia chip controversy, has breached the country’s export restrictions.

Malaysia to review possible re-export breaches in Nvidia spy scandal

Malaysia should consider establishing a dedicated Ministry of Senior Citizens to ensure the needs and welfare of its ageing population receive focused attention in policymaking, budget allocation and national development. 
&nbsp;

Hannah Yeoh calls for dedicated ministry to address needs of senior citizens

KUALA LUMPUR (Nov 12): Malaysia is drafting a law to strengthen oversight of data centres and prevent shipments of advanced chips from being diverted to other countries, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani on Thursday.&nbsp;

Johari: New law to tighten data centre oversight, prevent chip transshipment

Intraday short-selling activities of Mega Fortris Bhd (KL:MEGAFB) have been suspended for the rest of Thursday, the fifth time for the security seals maker this month. 
&nbsp;

Mega Fortris intraday short selling suspended for the fifth time this month

KUALA LUMPUR (Nov 12): Hartalega Holdings Bhd (KL:HARTA) saw higher earnings in its second quarterly financial review as better average selling prices (ASPs) more than offset pricier raw material costs.

Hartalega rides on higher ASPs as 2Q net profit surges 80%

THERE was a time when international espionage involved trench coats, microfilm, secret rendezvous and mysterious women who invariably disappeared before breakfast.

Opinion: Sex, spies and silicon: Why Penang may be outsmarting the superpowers

Türkiye has been selected as the preferred country to supply an alternative to Norway's Naval Strike Missile (NSM) for the Royal Malaysian Navy's (RMN) Littoral Combat Ship (LCS) project.

Malaysia picks Turkish firm to supply missiles for LCS 

(Nov 12):&nbsp;Elon Musk said it would be an honour to hire Nvidia Corp&nbsp;chief executive officer Jensen Huang, who is at risk of being ousted following reports of multiple extramarital affairs, including with a woman reportedly suspected of spying for China.

Elon Musk says it would be an honour to hire Nvidia’s Huang

Global AI-linked stocks fell on Thursday after Nvidia CEO Jensen Huang resigned following a deepening scandal around his affairs, upending the chipmaker's leadership and posing fresh risks to a sector already reeling with funding and regulatory concerns.

Global AI stocks sink as Nvidia CEO's exit deepens sector sell-off

The government is expected to launch a roadmap for the development of Malaysia's carbon capture, utilisation and storage (CCUS) industry by the end of November, Economy Minister Akmal Nasrullah Mohd Nasir said on Thursday. 
&nbsp;

Malaysia to launch carbon capture, utilisation and storage roadmap by end-November

The S&amp;P 500 and the Nasdaq Composite indices fell on Thursday as Nvidia CEO Jensen Huang's exit unnerved the artificial intelligence (AI) trade and higher oil prices prompted investors to retreat to the sidelines.

PUBLIC capital’s yearning for data centres has cooled considerably. On Oct 13, Bloomberg reported that AirTrunk’s S-REIT initial public offering (IPO), scheduled for the Singapore Exchange this year, had been “postponed”. On Oct 8, Firmus Grid, an Australian artificial intelligence (AI) and data ...

Singapore: Data centres get a reality check

IOIPG Malaysia Real Estate Investment Trust (IOIPG REIT) has trimmed its initial public offering (IPO) price to 91 sen for both retail and institutional investors.

IOIPG REIT lowers IPO price to 91 sen, public tranche oversubscribed 0.59 times

Indonesia's vice-president handed his resignation to parliament's upper house on Thursday, ending days of speculation about his political future, while his father, former president Joko Widodo, voiced support for current leader Prabowo Subianto.

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