HONG KONG/BENGALURU (Oct 30): Asia-focused investment firm PAG will acquire a 51% stake in Evergrande Property Services Group, a unit of debt-laden developer China Evergrande Group, for HK$4.03 billion (US$514 million), the two said in a joint announcement on Friday.

PAG to buy 51% stake in Evergrande Property Services for US$514 mil

SINGAPORE (Oct 30): Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns.

Stocks slump, bonds leap as AI giants' spending spooks investors

MyDCD Bhd may have 91% upside to its listing price though there are risks that investors of the mechanical and electrical engineering firm have to watch out for, according to an analyst.

MyDCD may have 91% upside, but watch out for risks, says analyst

KUALA LUMPUR (Oct 30): All three audit committee members of Zetrix AI Bhd (KL:ZETRIX) and the majority of its board members resigned within a month, citing personal commitments.

The departure leaves the embattled company with only three directors remaining after four out of seven board ...

Zetrix AI loses entire audit committee, most board members resign

SINGAPORE (Oct 30): Oil prices climbed in early trade on Friday on supply concerns after Yemen's Iran-aligned Houthis stepped up attacks on Saudi Arabia, on track for a fourth straight monthly gain and the steepest since July.

Oil rises on supply concerns as Houthis attack Saudi Arabia

(Oct 30): Bangladesh is poised to sign deals to buy more US liquefied natural gas (LNG) as the Trump administration pushes to expand energy exports, says the American ambassador to the country.

Bangladesh in talks to buy more American gas, says US ambassador

SAO PAULO (Oct 29): Brazilian miner Vale on Thursday booked a 20% slump in third-quarter core profit, battered by lower iron ore prices and elevated fuel and freight costs.

Vale third-quarter profit tumbles, iron ore output misses forecasts

ROCK HILL, South Carolina (Oct 29): US President Donald Trump's administration filed a revised lawsuit on Thursday seeking to block Alaska's election results if Republican incumbent Dan Sullivan narrowly loses and, according to a person familiar with the matter, issued more than 40 subpoenas and document requests in its probe.

Trump administration bolsters bid to block Alaska Senate certification

(Oct 29): Microsoft is planning to raise about US$25 billion through its first US investment-grade bond sale in more than nine years, two sources familiar with the matter told Reuters on Thursday.

Microsoft expects to raise US$25 bil in US bond sale — Reuters

Nvidia Corp chief executive officer Jensen Huang said the chipmaker’s dealings with Megaspeed International were “normal and not unusual” following a New York Times report that one of the Singapore firm’s executives is under investigation for spying on behalf of China.

Nvidia CEO says ties to Singapore company under spying probe were ‘normal’

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

Big Caring, Zetrix AI, Heitech Padu, SD Guthrie, YTL Power, Mega Fortris, GIIB, JF Technology, TSH Resources, BAT Malaysia, Mi Technovation, Axis REIT, Chin Teck Plantations, Taghill &SLGC 

KUALA LUMPUR (Oct 30): All three audit committee members of Zetrix AI Bhd (KL:ZETRIX) and the majority of its board members resigned within a month, citing personal commitments.

The departure leaves the embattled company with only three directors remaining after four out of seven board ...

(Oct 29):&nbsp;Intel shares plunged 21% on Thursday after ​the chipmaker said a deadly explosion at its Israel factory would erase roughly $600 million in revenue over two quarters, while a faltering PC market could ‌dent sales through the first half of next year.

A below-estimates fore...

Intel shares drop 21% on Israel factory blast, PC weakness

SINGAPORE (Oct 30): Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns.

SINGAPORE (Oct 30): Oil prices climbed in early trade on Friday on supply concerns after Yemen's Iran-aligned Houthis stepped up attacks on Saudi Arabia, on track for a fourth straight monthly gain and the steepest since July.

(Oct 29): Cash flow is king again.

Wall Street rewarded Microsoft and Oracle on Wednesday for showing that they could ​fund their enormous AI ambitions without endlessly tapping investors.

Alphabet, by contrast, was punished for burning through cash, while Google Search's slow...

Cash is king as investors draw new battle lines in AI spending boom

Cuscapi Bhd (KL:CUSCAPI) saw boardroom changes on Thursday, including the resignation of businessman Datuk Jayakumar Panneer Selvam.

Cuscapi sees boardroom changes as businessman Jayakumar resigns

MEXICO CITY/BENGALURU (Oct 29): Binance, the world's largest cryptocurrency exchange, said on Thursday that it had frozen US$3 billion in crypto assets as it investigated a potential security breach, with stablecoin issuers Circle&nbsp;and Tether freezing related assets.

Binance's possible hack triggers US$3 bil freeze in crypto assets

Indonesia is set for more consistent rain next month, providing relief from wildfires that have spewed toxic smoke across Singapore and Malaysia, though widespread downpours are still weeks away.

Indonesia rain set to ease toxic haze in Singapore, Malaysia

Parti Pribumi Bersatu Malaysia (Bersatu) announced eight candidates who will contest in the 16th Melaka state election on Nov 14.

Melaka polls: Bersatu announces candidates for eight seats

(Oct 29): Amazon.com&nbsp;on Thursday reported a massive cash burn in the third quarter, sending shares sharply lower, while it signaled higher capital expenditures next year atop an already ​huge amount in 2026.

Amazon's cloud computing cash cow, Amazon Web Services, continued to accel...

Amazon sinks as AI spending eclipses fastest cloud growth in five years

Perikatan Nasional (PN) has postponed announcing its candidate for one remaining state seat allocated to the coalition under an understanding with Barisan Nasional (BN) for the 16th Melaka state election.

Perikatan delays announcement of one Melaka state seat candidate

Perikatan Nasional (PN) has announced five candidates for the 16th Melaka state election next month.&nbsp;

Perikatan names five candidates for Melaka polls

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 30, 2026 

LONDON (Oct 29):&nbsp;Much of today’s massive AI build-out is being financed with instruments that do not trade. So, the question for investors now is not only whether AI will pay off, but also how they will know if it is starting to ​come off the rails.

While hyperscalers like Meta Pla...

Private credit’s huge AI footprint obscures growing risks

(Oct 29): Wall Street's top alternative asset managers are betting on the AI boom by owning the infrastructure behind it and locking ​in rent through long-term leases.

With concerns growing that debt-laden neocloud companies at the heart of the AI infrastructure boom could default and ‌...

Wall Street's AI bet: Own the infrastructure, collect the rent

OSLO (Oct 29):&nbsp;Forecasts published on Thursday of rapid growth in power demand from data centres in Norway have further underscored concerns among policymakers and energy market operators, ​with one political party calling an emergency debate in parliament next week that ‌may lead to a ban o...

Data centre growth triggers backlash in Norway over power deficit concerns

A selloff in several tech companies spurred a rotation into a broader category of stocks while fueling a push toward the safety of bonds.

Stock rotation hits AI winners on spending worries

The cost of insuring against losses on Alphabet Inc’s debt rose on Thursday as its shares plummeted, after disappointing results intensified fears that its massive bet on debt-funded artificial intelligence (AI) spending may fail to pay off.

Google debt-risk gauge rises as earnings revive AI debt jitters

Parti Pribumi Bersatu Malaysia (Bersatu) will use its official party logo in the 16th Melaka state election on Nov 14, said its secretary general Datuk Seri Mohamed Azmin Ali.

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