News
Bumper orders for Xiaomi‘s new SUV heighten threat to Tesla
[SHANGHAI] Exceptionally strong initial orders for Xiaomi‘s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may...
Masayoshi Son hints at succession plan while chasing AI ambition
[TOKYO] Masayoshi Son acknowledged the outlines of a succession plan, addressing what may be the single biggest concern among investors, and name-checked the head of SoftBank Group’s telecom unit...
Asia: Stocks climb, dollar holds on trade hopes and rate bets
[HONG KONG] Asian markets rose on Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts.Easing concerns about...
Gold heads for second weekly loss, investors eye US inflation data
Published Fri, Jun 27, 2025 · 10:57 AMGOLD prices fell on Friday, poised for a second consecutive weekly loss as a slight uptick in the dollar pressured bullion while markets...
India oil law revamp unlikely to draw foreign drillers amid red tape and weak incentives
[SINGAPORE] India’s first rewrite of its 77-year-old oilfield rules kicked in on Apr 15, with New Delhi hoping it’ll help turn around a decade of sluggish output and and...
Nike profits sink but company says it is turning a corner
[NEW YORK] Nike reported sharply lower quarterly profits on Thursday, but signalled it was past the worst stage of a corporate retooling as it implements “surgical” US price increases...
Decision on naming next Fed chair not ‘imminent’: White House
[WASHINGTON] The White House said on Thursday no decision is imminent on naming a successor to Federal Reserve Chairman Jerome Powell, after a report suggested the president could do...
US: Stocks rise, S&P 500 ends just shy of record
Published Fri, Jun 27, 2025 · 06:12 AM[NEW YORK] Wall Street stocks rose on Thursday with tech equities leading, after the White House signalled President Donald Trump could extend a July...
US: S&P 500, Nasdaq open near record peak as Micron results boost chip stocks
Published Thu, Jun 26, 2025 · 09:44 PM]NEW YORK] Wall Street’s S&P 500 and Nasdaq indexes opened near a record high on Thursday (Jun 26) as robust earnings from...
Salesforce CEO says 30% of internal work is being handled by AI
Tech leaders have been increasingly vocal about the potential for AI to replace human workersPublished Thu, Jun 26, 2025 · 08:39 PM[NEW YORK] Salesforce chief executive officer Marc Benioff...
