<div class=newsTextDataWrapInner><p>(Nov 12): SpaceX&nbsp;and Tesla&nbsp;are progressing in their merger negotiations, and a ​deal could be announced as early as ‌December, Bloomberg News reported on Thursday, citing people familiar with the matter.</p></div>

<div class=newsTextDataWrapInner><p>The proposed merger would unify Elon Musk's ​AI, robotics, EV and aerospace ambitions under ​a single corporate roof, though it faces steep ⁠regulatory hurdles over SpaceX's US defense contracts ​and Tesla's reliance on China.</p></div>

<div class=newsTextDataWrapInner><p>Musk said on SpaceX's ​third-quarter earnings call last month that a merger with Tesla would be "a good idea" and confirmed the companies had formed ​special committees of independent directors to discuss ​a union.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SpaceX and Tesla could not be immediately reached for ‌comment ⁠on the report. As of last close, SpaceX had a market cap of about $1.90 trillion while Tesla is valued at around $1.55 trillion.</p></div>

<div class=newsTextDataWrapInner><p>The companies have also ​discussed a ​scenario in ⁠which the announcement slips into early 2027, the report said.</p></div>

<div class=newsTextDataWrapInner><p>SpaceX and Tesla ​also have a chip manufacturing joint venture, ​Terafab. ⁠The JV should produce its first test chip around May or June of next year and aims to reach ⁠volume ​production by the third quarter ​of 2028, Musk said on the call.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Siow Chen Ming</em></p></div>


(Nov 12): SpaceX and Tesla are progressing in their merger negotiations, and a ​deal could be announced as early as ‌December, Bloomberg News reported on Thursday, citing people familiar with the matter.

The proposed merger would unify Elon Musk's ​AI, robotics, EV and aerospa...

SpaceX, Tesla merger talks progress, Bloomberg News reports

New World Development Co is considering a rights issue to help shore up its finances after Bain Capital decided against investing in the property company, according to people familiar with the situation.

New World considering rights issue as Bain walks away — Bloomberg

TOKYO (Nov 13): Japan's government will respond appropriately to currency volatility, Japanese Finance Minister Satsuki Katayama said on Friday, renewing her warning as the yen briefly crossed the key 160 per dollar threshold.

Japan's finance minister vows action as yen breaches 160 threshold

NEW YORK (Nov 12): Federal Reserve Bank of New York president John Williams said on Thursday that more interest rate increases are likely as the US central bank seeks to lower high levels of inflation in an otherwise healthy economy.

Fed's Williams says central bank has 'work to do' to get inflation back on target

Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim faces his third electoral test this year when the state of Melaka goes to the polls on Saturday, after a frantic week in which a key minister quit over the controversial transfer of jailed former PM Datuk Seri Najib Razak to house arrest.

Anwar faces voter test after turbulent week in Malaysia politics

SINGAPORE (Nov 13): Stocks in Asia were on steadier footing on Friday after a turbulent week dominated by revelations of extramarital affairs involving Nvidia CEO Jensen Huang that culminated in his resignation, in a blow to the global AI boom he helped advance.

Stocks recover from Nvidia whiplash, dollar climbs with US yields

BENGALURU (Nov 13): Shares in Singapore Telecommunications (Singtel) gained the most in three months after posting a 10% rise in first-half underlying net profit on Friday, and raising its forecast for annual operating earnings from its core units.

Singtel posts biggest gain since August on 1H profit rise, upgraded annual outlook

(Nov 12): Agile Robots has raised $500 million ‌in a funding round led by SoftBank, valuing the German robotics company ​at $8.5 billion, it said on ​Thursday. Nvidia and Hitachi also ⁠took part.

The Munich-based maker of ​humanoid robots and robotic arms said ​it would use th...

SoftBank, Nvidia back Germany's Agile Robots at $8.5 billion valuation

KUALA LUMPUR (Nov 13): PIE Industrial Bhd (KL:PIE) jumped on Friday after the electronic manufacturing services firm reported a stronger than expected quarter.

PIE Industrial surges after better than expected results

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

<p>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;</p>


Singapore’s investigations into Alice Huang and Megaspeed International

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


Pharmaniaga, Hartalega, Johor Plantations, Keyfield, PIE, Hektar REIT, Eco World & Rimbunan Sawit

<p>Microsoft Corp struggled to restore access to some of its workplace software hours after an outage began, saying users may still fail to connect to products like email and chat services.</p>


Microsoft struggles to fix Outlook, Copilot, hours into outage

<p>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.</p>


Wall St recovers as energy shares climb as Nvidia woes deepen

<p>SINGAPORE (Nov 13): Stocks in Asia were on steadier footing on Friday after a turbulent week dominated by revelations of extramarital affairs involving Nvidia CEO Jensen Huang that culminated in his resignation, in a blow to the global AI boom he helped advance.</p>


<p>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.</p>


Nvidia market cap sinks below US$4 tril following Huang's resignation

<p>Here's a heads up on what to look out for today.</p>


YOUR DAY AHEAD: Nov 13, 2026 

<p>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).</p>


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

<p>(Nov 13):&nbsp;Earlier this year, Malaysia’s Zetrix AI Bhd (KL:ZETRIX) was preparing to list its artificial intelligence unit on Nasdaq and had even built an AI avatar of Prime Minister Anwar Ibrahim. Now the onetime digital infrastructure star has lost more than 90% of its market value, is mired in debt and risks defaulting on its Islamic bonds.</p>


Ex-Malaysia digital star that built PM’s avatar is mired in debt

<p>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;</p>


Malaysia enjoying greater international respect, positive global image — Anwar

<p>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;</p>


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

<p>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.</p>


Stocks fall on Nvidia rout as oil jump sinks bonds

<p>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.</p>

<p>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

<p>BENGALURU (Nov 13): Shares in Singapore Telecommunications (Singtel) gained the most in three months after posting a 10% rise in first-half underlying net profit on Friday, and raising its forecast for annual operating earnings from its core units.</p>


<p>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).</p>


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

<p>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;</p>


Unity govt parties must close ranks behind Anwar — Fahmi

<p>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.</p>


Eight dead in New York building collapse

<p>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).</p>


Fed’s Hammack says more restrictive rates are needed

<p>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.</p>


Existing US home sales tumble to lowest level since 2010

<p>KUALA LUMPUR (Nov 13): PIE Industrial Bhd (KL:PIE) jumped on Friday after the electronic manufacturing services firm reported a stronger than expected quarter.</p>
