News
IMF says Japan should avoid adding debt as budget pressure grows
Japanese exporters, particularly automakers, have so far absorbed much of the tariff costs, helping to shield US consumers[TOKYO] Japan should avoid taking on more debt to boost its economy,...
US: S&P 500 ends higher after strong bank earnings, chip stocks rally
THE S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained focused on the recent increase in China-US...
Europe: Stocks end higher as LVMH drives luxury rally
EUROPEAN stocks closed higher on Wednesday as France’s LVMH sparked a rally in luxury goods groups and eased concerns that slowing global growth and tariffs are hurting corporate health.LVMH shares...
Bank of England will lift stablecoin limits once threat to economy eases
The UK central bank will launch a consultation on the regulation for coins that are deemed systemically important by the end of the year[LONDON] The Bank of England (BOE)...
Walmart on path to trillion-dollar status after OpenAI alliance
[NEW JERSEY] Walmart is on track to join the “elite” crop of companies with a trillion-dollar valuation, after its announced partnership with OpenAI powered the stock to a record...
Q&M proposes to buy interest in dental group in Thailand
Purchase consideration will be satisfied by a combination of cash and new ordinary shares[SINGAPORE] Q&M Dental Group is proposing to acquire equity interest in a dental group in Thailand,...
Bank of America beats profit estimates on dealmaking strength
It reported a net income of US$8.5 billion, or US$1.06 per share, in the three months ended Sep 30[WASHINGTON] Bank of America beat Wall Street estimates for profit, benefiting...
Morgan Stanley’s profit beats estimates on boost from dealmaking, stock trading
[BENGALURU / NEW YORK] Morgan Stanley’s third-quarter profit beat market expectations as investment bankers brought in more fees from advising on deals and by underwriting stock and debt sales,...
BlackRock, Nvidia-backed group strikes US$40 billion data centre deal to fuel AI boom
The acquisition follows a slew of mega-deals focused on securing coveted compute capacity[NEW YORK] An investment consortium that includes BlackRock, Nvidia, xAI and Microsoft will acquire Aligned Data Centers...
BlackRock, Nvidia-backed group including Temasek strikes US$40 billion data centre deal to fuel AI boom
The deal underscores the rush to build costly infrastructure essential for powering advanced AI models[NEW YORK] An investor group including BlackRock, Microsoft and Nvidia is buying one of the...
