Business
Back to homepage
Nvidia said to near US$30b OpenAI investment, scaling back earlier US$100b plan
SAN FRANCISCO, Feb 20 — Nvidia is on the cusp of investing US$30 billion (RM117.4 billion) in OpenAI, scaling back a plan to pump US$100 billion into the ChatGPT maker, the Financial Times reported Thursday. The AI-chip powerhouse will be
Read More
Ringgit slips against US dollar after Fed minutes hint at rate hike
KUALA LUMPUR, Feb 19 — The ringgit and the Philippine peso were among the ASEAN currencies weighed down by a stronger US dollar at the close today after the latest Federal Open Market Committee (FOMC) minutes signalled the possibility of
Read More
Nestle Malaysia may scoop out ice cream business to Froneri
KUALA LUMPUR, Feb 19 — Nestle (M) Bhd (Nestle Malaysia) has initiated a process to explore the potential sale of its ice cream business to Froneri after its ultimate holding company, Nestle SA, entered into advanced negotiations to sell the
Read More
Saudi AI firm Humain invests US$3b in Elon Musk’s xAI
RIYADH, Feb 19 — Saudi Arabia’s state-backed artificial intelligence firm Humain said Wednesday it had invested US$3 billion (RM11.7 billion) in US billionaire Elon Musk’s xAI. The investment made Humain a “significant minority shareholder”, the company said in a statement.
Read More
Bursa Malaysia continues upward trend, banking stocks lead gains
KUALA LUMPUR, Feb 19 — Bursa Malaysia continued its upward trend, closing higher on Thursday due to positive market sentiment driven by stronger-than-expected macroeconomic data. The bourse also benefitted from gains on Wall Street overnight and firmer regional markets. The
Read More
Hot noodles, hotter fight: Samyang moves to protect Buldak abroad amid global copycats
SEOUL, Feb 19 — Samyang Foods Inc, known for its globally popular Buldak spicy ramyeon, said Thursday it plans to register an English trademark for its Buldak brand in response to a surge in counterfeit products overseas, Yonhap News Agency
Read More
EcoCeres: Johor’s RM1.95b sustainable aviation fuel plant to boost Malaysia’s low‑carbon aviation role
JOHOR BAHRU, Feb 19 — Malaysia has strengthened its position in the global low-carbon aviation fuel supply chain with the commissioning of a US$500 million (RM1.958 billion) sustainable aviation fuel (SAF) facility in Tanjung Langsat, Johor. The development by Hong
Read More
Duopharma Biotech shares rise on RM52.54m govt contract
KUALA LUMPUR, Feb 19 — Duopharma Biotech Bhd’s shares rose during the early trading session today, after its unit received a letter of award (LOA) from the government for the supply of medical products worth RM52.54 million. At 9.49am, the
Read More
Luxury stocks’ volatility highlights AI jitters, hedge fund positioning
PARIS, Feb 18 — As luxury companies like LVMH and Gucci-owner Kering struggle to recover from a two-year slowdown, they are navigating increasingly sharp share price swings stoked by hedge fund bets and investor nerves over AI-rattled markets. Sales of
Read More
Trump touts ‘one very special word’ that makes Japan spend US$36b in America: ‘TARIFFS’
WASHINGTON, Feb 18 — President Donald Trump’s administration on Tuesday announced three projects valued at US$36 billion (RM140 billion) to be financed by Japan, including an oil export facility in Texas, an industrial diamonds plant in Georgia and a natural
Read More