(Nov 12): Nearly 6 in 10 senior executives at large companies plan to increase their use of cheaper open-weight ​AI models over the next year as AI bills ‌overshoot budgets, a Capgemini study showed on Thursday.

This trend echoes SAP, whose finance chief last month said it was repl...

Most large firms plan higher open-weight AI use to cap bills, study shows

WASHINGTON (Nov 12): US Senate Banking Committee chairman Tim Scott sent letters on Thursday to Commerce Secretary Howard Lutnick and Nvidia's former CEO Jensen Huang, asking them to testify over recent developments at the company.

US Senate Banking Committee chair calls on Jensen Huang, Lutnick to testify

BENGALURU (Nov 13): Singapore Telecommunications (Singtel) posted a 10% rise in first-half underlying net profit on Friday, driven by strong performance from its units and regional associates, while raising its forecast for annual operating earnings from its core units.

Singtel's interim underlying profit jumps 10%; raises annual earnings forecast

WASHINGTON (Nov 12): US Attorney General Todd Blanche said on Thursday that the Justice Department has not yet reached a conclusion on whether Alice Huang, the Chinese businesswoman who had an affair with former Nvidia CEO Jensen Huang, was a Chinese spy.

US Justice Department has not concluded Alice Huang was Chinese spy, Blanche says

YOUR DAY AHEAD: Nov 13, 2026

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

YOUR DAY AHEAD: Nov 13, 2026 

Stocks in Asia looked set for a cautious open as investors weighed the fallout from Nvidia Corp.’s leadership upheaval on the broader artificial-intelligence trade, a rally in oil and a surge in Treasury yields.

Asian stocks set for cautious open on Nvidia, oil

The US budget gap widened to US$404 billion in October, up 42% from the same period a year earlier, Treasury Department data showed Thursday.

US logs US$404 bil deficit in first month of fiscal year

A leadership crisis at Nvidia Corp. curbed the appetite for riskier corners on Wall Street, with stocks also declining as a rally in oil prices lifted Treasury yields.

Stocks fall on Nvidia rout as oil jump sinks bonds

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

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

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

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

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

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.

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

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

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

Stocks in Asia looked set for a cautious open as investors weighed the fallout from Nvidia Corp.’s leadership upheaval on the broader artificial-intelligence trade, a rally in oil and a surge in Treasury yields.

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.&nbsp;

Malaysia enjoying greater international respect, positive global image — Anwar

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

The US budget gap widened to US$404 billion in October, up 42% from the same period a year earlier, Treasury Department data showed Thursday.&nbsp;

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

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

A leadership crisis at Nvidia Corp. curbed the appetite for riskier corners on Wall Street, with stocks also declining as a rally in oil prices lifted Treasury yields.

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

Penang Chief Minister Chow Kon Yeow has described Anthony Loke Siew Fook's resignation as Transport Minister as a difficult decision, but one that reflects the latter’s stance of not putting self-interest first.

Loke's resignation a painful but principled decision, says Chow

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.&nbsp;

Unity govt parties must close ranks behind Anwar — Fahmi

Malaysian Rating Corp Bhd (MARC Ratings) has maintained its AA-IS rating on MMC Port Holdings Bhd's Sukuk Murabahah Programme, which has been upsized to RM2 billion from RM1 billion, with the outlook remaining stable.

MARC Ratings maintains AA-IS rating on MMC Port's RM2b sukuk programme

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).

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