Oil rose following a deadly attack on a Saudi oil field, raising concerns that escalating hostilities in the Middle East could hit supply even as exports through the Strait of Hormuz have accelerated in recent months.

Oil rises as deadly Saudi attack fans Middle East supply fears

Wall Street’s wagers on artificial intelligence regained traction, with stocks rising in late hours as solid results bolstered confidence in the trade that has powered the bull market.

Stocks climb in late hours on Meta’s big AI wagers

(Oct 21): The Federal Reserve can substantially shrink its balance sheet if it overhauls its rate control toolkit to provide liquidity on demand, if those alterations are in made in conjunction with rule changes that allow ​banks to hold lower levels of cash on hand, says a new

Brookings paper offers broad plan to shrink Fed balance sheet

(Oct 21): Electronic Arts is planning to close BioWare, the developer of the "Mass Effect" series ​of games, and lay off employees ‌to focus on more lucrative projects, the company said on Wednesday in an email to employees.

EA said it would cancel an ​early-stage "Mass Effect" pro...

EA to shutter BioWare studio, cut jobs as it narrows game slate

(Oct 21): Netflix's cut to ​its advertising sales forecast is fuelling concerns that its growth engine is losing steam, threatening the ‌edge that made it a model for the media industry.

Shares of the company fell nearly 5% in Wednesday afternoon trading after Netflix forecast...

Netflix's ad stumble deepens fears its growth is hitting a wall

NEW YORK (Oct 21): Federal Reserve Chair Kevin Warsh wasn't nominated to raise rates, but he did so anyway. Now, cash investors are asking why money market fund yields have lagged. The answer is mechanics, not malfunction.

Warsh and his colleagues on the ​Federal Open Market Commit...

Opinion: Why is capital leaving money market funds as rates rise?

President Vladimir Putin said Russia’s ready to resume trilateral negotiations with the US and Ukraine on a potential peace deal, according to the Kremlin.

Putin says Russia ready for new peace talks with US, Ukraine

The Trump administration is offering to loan up to nearly a third of the one-million-barrel US emergency heating oil reserve, the Department of Energy said on Wednesday, in a bid to tame surging prices.

US aims to loan about a third of heating oil reserve in bid to tame prices

The Malaysian Employers Federation (MEF) has urged the government to tighten enforcement against the misuse of foreign worker recruitment approvals to ensure foreign workers are employed only in approved sectors and occupations facing genuine labour shortages.

MEF urges stricter enforcement, priority for local workers

The next five years will serve as a crucial transition period for Sarawak in its efforts to develop a high-value economy based on technology creation, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

Next five years crucial transition period for Sarawak’s economy

Malaysia’s retail prices for unsubsidised RON95 and RON97 petrol will fall by 30 sen per litre, while unsubsidised diesel prices will decline by 10 sen, from Thursday (Oct 22) to Oct 28.

Unsubsidised petrol prices fall 30 sen, diesel down 10 sen for coming week — MOF

Police are awaiting further instructions from the Attorney General’s Chambers (AGC) on a probe into Negeri Sembilan Menteri Besar Datuk Ismail Lasim’s claim that he was forced to sign a proclamation seeking to remove Tuanku Muhriz Tuanku Munawir as the state’s ruler.

Police await AGC instructions on probe into Negeri Sembilan MB’s ‘duress’ claim

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

Sunway Healthcare, Sunway REIT, Zetrix AI,Malakoff,  Capitaland Malaysia,Westports, AME REIT, Pantech Global, MHB, ES Sunlogy, Kerjaya Prospek & Mudajaya

Zetrix AI Bhd (KL) managing director Wong Thean Soon's stake in the digital services firm has shrunk further, diminishing the prospect&nbsp;of fixing a breached sukuk condition that he remains the company's largest shareholder.

TS Wong's Zetrix AI stake down to 1.841% ahead of Oct 22 deadline to fix sukuk covenant  

Sunway Healthcare Holdings Bhd (KL:SUNMED) and &nbsp;Putrajaya Holdings Sdn Bhd have formalised a joint venture to develop a 325-bed private hospital in Putrajaya, with construction slated to begin in the fourth quarter of 2027.

Sunway Healthcare, Putrajaya Holdings ink JV to build private hospital in Putrajaya

Malakoff Corp Bhd (KL:MALAKOF) announced the resignation of its chief financial officer (CFO) Mohd Nazersham Mansor, after nine years in the role.

Malakoff CFO Mohd Nazersham to step down on Nov 30, deputy to take over  

We, the members of G25, are deeply concerned with the Ministry of Home Affairs for the apparent disregard for established requirements and the double standards in the administration of Malaysian citizenship exposed by the controversy involving the Football Association of Malaysia (FAM) and the seven foreign footballers.&nbsp;

Opinion: G25 statement on FAM, citizenship and equal treatment under the law

Sunway Real Estate Investment Trust (KL:SUNREIT) and Sunway Healthcare Holdings Bhd (KL:SUNMED) have agreed to extend the deadline for fulfilling conditions tied to the RM60 million acquisition of Sunway Hotel Seberang Jaya in Penang.

Sunway Healthcare, Sunway REIT extend deadline for acquisition of Sunway Hotel Seberang Jaya

Global index provider MSCI was trying to "intimidate" Indonesia but the country would not be afraid, President Prabowo Subianto told his cabinet on Wednesday, striking a combative tone in his first public reaction to last week's downgrade warning.

Prabowo accuses MSCI of trying to intimidate Indonesia after market rout

Berkshire Hathaway Inc investors are moving on after the departure of the firm’s legendary leader Warren Buffett, as shares hit a new high on Wednesday.

Berkshire stock hits new high, moving on from Buffett’s exit

MMAG Holdings Bhd (KL:MMAG) on Wednesday cited anticipated maintenance cost of over RM10 million as the reason it is willing to absorb a loss of RM12.69 million with the sale of a cargo plane it acquired less than two years ago.&nbsp;

MMAG cites expected RM10m maintenance bill, tough market conditions for selling cargo plane at a loss

CapitaLand Malaysia Trust (KL:CLMT) reported a 14.9% increase in third-quarter net property income (NPI), driven by higher rental income amid better contribution from most of its properties.

CapitaLand Malaysia Trust’s 3Q net property income rises 15%, declares 1.35 sen distribution per unit

Pantech Global Bhd’s (KL:PGLOBAL) reported a 89.5% jump in second-quarter net profit &nbsp;on the back of higher sales volume and improved average selling prices.

Higher sales, selling prices lift Pantech Global 2Q net profit 90%  

The tech-heavy Nasdaq gained on Wednesday after quarterly results from SpaceX and Super Micro Computer improved appetite for AI-linked stocks, while Netflix slipped as its forecast failed to impress investors.

Nasdaq leads gains as SpaceX, Super Micro results improve AI appetite

Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) said it will contest a RM57.3 million arbitration claim brought by its subcontractor over works for the Bokor Phase 3 Redevelopment Project in Sarawak.

MHB to contest RM57m arbitration claim over Bokor oilfield project in Sarawak

ES Sunlogy Bhd (KL:SUNLOGY) has secured shareholders’ approval for routine collaborations with its largest shareholder Kerjaya Prospek Group Bhd (KL:KERJAYA).

ES Sunlogy shareholders vote for regular tie-ups with Kerjaya Prospek

Revenue IF Bhd (KL:REVENUE) has partnered with China’s WeSure, an online insurance subsidiary of China's Tencent Holdings, to develop cross-border payment and digital insurance solutions in Malaysia, Singapore, Indonesia and Thailand.

Revenue IF, Tencent’s WeSure partner on cross-border payments, digital insurance in four markets

Malaysia ranked 53rd out of 143 countries globally and seventh among 15 countries in East Asia and the Pacific in the World Justice Project (WJP) Rule of Law Index 2026, placing it among the minority of nations that recorded an improvement amid a global decline in the rule of law.

Malaysia ranks 53rd globally in World Justice Project

Government websites in Europe and elsewhere went offline on Wednesday after the disclosure of critical vulnerabilities in a widely used programming language sent website operators scrambling to protect their systems.

Govt websites go dark as vulnerabilities in programming language send shudder across internet

Abbott Laboratories said it plans to spin off its nutrition unit into a separate publicly traded company after a series of missteps have weighed on the company’s broader performance.

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