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OctaFX has been listed on Bank Negara Malaysia's (BNM) Financial Consumer Alert List (FCA), alongside an array of other brokers. Grasp the implications this holds for traders.

Fortescue’s most senior executives, Dino Otranto and Mark Hutchinson, say they aren’t yes men, and challenge Andrew Forrest “every single day” within the parameters of the “vision” set out by the company’s billionaire chairman.

John Maczynski. John's illustrious 37-year tenure in the BPO realm has carved out a niche of excellence. Having collaborated with titans like Allstate, New York Life, Liberty Mutual, Assurant, and Blue Cross Blue Shield, he brings a repository of knowledge and strategic acumen to the table.

By David Ljunggren and Steve Scherer

Adani Enterprises shares jumped 0.38%, while that of Adani Ports and Adani Power rose 1.92% and 2.84%, respectively. Adani Wilmar and Adani Green also ended the day in green, and on the other hand, Adani Total Gas and Adani Energy closed with cuts. Adani stocks held steady for the past few days despite a Hindenburg-like ambush from George Soros-backed Organised Crime and Corruption Reporting Project (OCCRP). The report claimed that two men who secretly invested in the conglomerate have close ties with the Adani family, adding that the two men have also served as directors and shareholders in Adani Group companies and companies associated with Gautam Adani's brother Vinod Adani. Meanwhile, Adani Group has dismissed the allegations made by OCCRP. The conglomerate said reports appear to be yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report. Adani stocks had seen a severe rout in the market cap following corporate governance allegations by Hindenburg Research early this year.

By Valerie Volcovici

Reliance Industries Limited on 8 September announced to partner with US-based chipmaker NVIDIA, reports arrived that Tata Group is set to announce an AI partnership with the same US chipmaker. An announcement is expected later in the day, reported Reuters citing a source. Earlier in the day, Reliance announced to partner with US-based chipmaker NVIDIA to advance artificial intelligence in India, it said in a press release.

The global exchange-traded funds market was worth $7.3 trillion at the end of the second quarter of 2023, a rise of 5.8% from the previous quarter thanks to inflows of $136.6 billion and market appreciation worth $265 billion.

Billionaire Mukesh Ambani's Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said. The telecoms-to-energy conglomerate, encouraged by the Indian government, has held early-stage talks with foreign chipmakers that have the potential to become technology partners, said one of the people who has direct knowledge of the plans. "There is intent, there is no timeline," said the person, adding that Reliance has "yet to make a call on whether they want to ultimately invest." The names of the foreign chipmakers could not be immediately learned.

By David Randall

Reliance Industries Limited on 8 September announced to partner with US-based chipmaker NVIDIA to advance artificial intelligence in India, Reliance said in a press release. The partnership is being done to boost India's artificial intelligence and semiconductor chip ambitions. Apart from this, the partnership will help develop an indigenous foundation large language model trained on the nation's diverse languages and tailored for generative Al applications.

Oil India Ltd aims to invest Rs 16,500 crore ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies' net zero strategy. The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world's biggest emitters of greenhouse gases, aims for zero by 2070. State-run energy companies — Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, GAIL (India) Ltd, Oil and Natural Gas Corp have already announced their net zero goal. Together with Oil India, the six-state run energy companies plan to invest 6.38 trillion rupees, the sources said.

China's yuan finished the domestic session on Friday at its weakest since the global financial crisis, hit by capital outflow pressures as the economy struggles. A growing yield gap with other major economies, particularly the United States, has also put fresh pressure on the yuan and a number of other emerging currencies. The onshore yuan ended the domestic trading session at 7.3415 per dollar, its weakest close since Dec.26, 2007. The yuan, one of region's worst performing currencies, has lost 1.0% against the dollar so far this week and depreciated roughly 6.1% so far this year as the dollar climbed and China's post-pandemic recovery quickly lost steam. Analysts and traders expect the currency to face further selling pressure in the near term but expect losses will likely be measured. On Friday, the central bank again looked to be shoring up the currency by setting guidance through its daily fixing that was stronger than Reuters estimate. Prior to the market's opening, the People's Bank of China (PBOC) set the midpoint rate at 7.215 per U.S.

Tata Consumer Products Ltd. (TCPL) has taken its Soulfull brand of millet-based cereals overseas through a tie-up with British retail chain Tesco. Soulfull will sell cereals under the Joyfull muesli brand in the UK, where TCPL already has a significant presence through its brands - Tetley tea, Good Earth UK, and Teapigs.

Online homewares store Koala has lost its co-chief executive after less than a year in the job, setting back its widely discussed hopes to list on the stock exchange.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.32% in the last 24 hours. «Bitcoin's value is currently trading around the $26,200 level. This positive price movement might be because of a paper that came out yesterday from the IMF and the G20’s Financial Stability Board. The paper said that banning all cryptocurrencies wouldn't work well in the long term and suggested using targeted restrictions and a comprehensive monetary strategy instead,» Edul Patel, CEO & Co-Founder of Mudrex, said. Other top crypto tokens were also trading higher. Solana, Polkadot, and Litecoin surged over 1%.

Shreyas Shipping & Logistics vide special resolution on July 03, 2023. The floor price for the delisting of shares, as per regulations, has been determined at ₹292 per share, while Transworld Holdings has provided its intention to acquire shares of Shreyas Shipping & Logistics at an indicative price of ₹338 apiece. This price is 11.33% lower than Thursday’s closing of ₹381.20 per share on the BSE.

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By Sahil SwaroopICICI Bank’s daily trend is sideways. The RSI for weekly and daily is showing sideways momentum; however, the RSI for monthly is showing bullish momentum.

UK-based electric bus player Zenobe Energy is readying a push into the competitive grid-scale battery sector in Australia after raising about £870 million ($1.7 billion) from investors led by private equity giant KKR.