Wall Street's main indices staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit stirred concerns about the future of the artificial intelligence (AI) heavyweight.

Wall St recovers as energy shares climb as Nvidia woes deepen

The government is expected to launch the second phase of the Refugee Registration Document (DPP) programme soon, targeting United Nations High Commissioner for Refugees (UNHCR) cardholders not held at Immigration Detention Depots (DTIs).

Second phase of registration of Myanmar refugees expected to start soon — Ahmad Zahid

Pakatan Harapan (PH) is a tested political coalition that remains strong, built on trust and mutual respect among its component parties, says its secretary general Datuk Seri Saifuddin Nasution Ismail.

PH remains strong through trust and mutual respect — Saifuddin

Prime Minister Datuk Seri Anwar Ibrahim has been ranked 13th in the 2027 edition of The Muslim 500: The world's 500 most influential Muslims, published by the Jordan-based Royal Islamic Strategic Studies Centre (RISSC).

Anwar ranked 13th in 2027 list of world’s 500 most influential Muslims

Malaysia is now enjoying greater respect and a positive image internationally, reflecting the country's growing prominence and role on the global stage, Prime Minister Datuk Seri Anwar Ibrahim said.

Malaysia enjoying greater international respect, positive global image — Anwar

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

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.&nbsp;

Singapore’s investigations into Alice Huang and Megaspeed International

Wall Street's main indices staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit stirred concerns about the future of the artificial intelligence (AI) heavyweight.

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

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

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

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.

New Zealanders are losing money when they sell their homes at the highest rate in 14 years as the nation’s property market remains depressed.

Losses from reselling homes in New Zealand hit 14-year high

Impact Capital Holdings Bhd said a total of 24 million shares offered to the Malaysian public by the technology company ahead of its ACE Market debut on Nov 24 were oversubscribed by 139.69 times.

Tech firm Impact Capital’s IPO oversubscribed by 140 times

Pharmaniaga Bhd (KL:PHARMA) on Thursday reported a more than three-fold jump in third quarter net profit, supported by a tax credit and lower finance costs. 
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Pharmaniaga’s 3Q net profit more than triples on tax credit, to launch nine new products in 2027

Sarawak-based planter Rimbunan Sawit Bhd (KL:RSAWIT) is planning to sell 613 hectares of oil palm plantation land in Sarawak for RM18.39 million cash to a charitable trust chaired by state Premier Tan Sri Abang Johari Tun Openg.

Rimbunan Sawit to sell RM18.39 mil plantation land to charity chaired by Sarawak premier

PIE Industrial Bhd's earnings jumped in the third quarter on improved factory utilisation and cost controls within its electronics manufacturing services (EMS) segment.

PIE Industrial's 3Q net profit recovers on improved factory utilisation, cost controls

Engineering firm MyDCD Bhd posted a net profit of RM25.71 million for the first quarter ended Sept 30, 2026 (1QFY2027), ahead of its upcoming listing on the ACE Market of Bursa Malaysia.

MyDCD logs RM25.7m 1Q net profit ahead of ACE Market listing

Keyfield International Bhd (KL:KEYFIELD) posted a flat net profit in the third quarter as lower charter rates offset improved vessel utilisation. 
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Keyfield profit flat in 3Q as lower charter rates offset utilisation gains

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.

Eco World Development Group Bhd (KL:ECOWLD) said on Thursday it is exploring industrial water supply in Negeri Sembilan with a state agency. 
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Eco World exploring industrial water supply in Negeri Sembilan with state agency

Mongolia on Thursday asked Malaysia to ensure that a civil action brought by the family of murdered Mongolian interpreter Altantuya Shaariibuu is heard fairly and free of political interference.

Mongolia wants Malaysia to ensure Altantuya's family gets fair hearing    

The Malaysian Bar has the right to challenge the Federal Territories Pardons Board's decision allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.

Azalina says Malaysian Bar entitled to challenge Pardons Board decision if it has grounds

Malaysia is seeking to deepen economic cooperation with China by strengthening partnerships between businesses from both countries, particularly in enabling local small and medium enterprises (SMEs) to participate in supply chains and benefit from greater investment opportunities.

Deeper economic cooperation with China will boost investments, opportunities for SMES — Sim

KUALA LUMPUR (Nov 12): Hektar Real Estate Investment Trust's (KL:HEKTAR) net property income (NPI) rose 3.5% year-on-year (y-o-y) in the third quarter, supported by improved property-level operating performance and continued cost optimisation.

NPI for the three months ended Sept 30, 202...

Hektar REIT's 3Q net property income rises 3.5% on improved operating performance and cost optimisation

The public can start activating the MyKomuter50 Pass on Nov 16 to enjoy unlimited travel for 30 days on selected KTM Komuter services for RM50, with savings of up to 88%, effective Dec 1. 
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