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

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

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

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.

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

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

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.

Indonesia VP hands resignation to parliament as Jokowi backs Prabowo

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

Singapore-based cloud computing firm Megaspeed said on Thursday that it takes compliance obligations under US export control laws "extremely seriously" and that it has cooperated with US inspections.

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