Infosys Ltd., India’s second-largest IT services company, reported a mixed performance for the third quarter, marked by a decline in profit but steady revenue growth and an improved outlook for the coming fiscal year. The results highlight both the near-term pressures facing the sector and early signs of stabilisation in…
The Nikkei 225 Index continued its strong rally this week, reaching its highest level on record as the “Takaichi trade” accelerated. Its surge coincided with the ongoing Japanese yen crash. It jumped to a record high of ¥54,435, up by 76% from its lowest point in April last year.Japan stocks…
The race to $100 for silver is increasingly becoming a reality rather than a fever dream.Silver prices breached the $90-per-ounce for the first time ever on Wednesday as the rally continued amid expectations of further interest rate cuts by the US Federal Reserve in 2026. At the time of writing, the…
Asian markets advanced on Wednesday, led by a rally in Japanese shares, as investors positioned for the possibility of fresh fiscal stimulus in Japan and digested a complex mix of geopolitical risks, central bank concerns, and shifting currency dynamics. At the same time, cryptocurrencies climbed, precious metals surged to record…
Coca-Cola has abandoned plans to sell its Costa Coffee chain after offers from private equity firms failed to meet expectations, the Financial Times has reported.The US beverage group ended talks with remaining bidders in December, drawing a close to a months-long auction process, according to the FT report citing people…
Knowledge Atlas Technology JSC Ltd., better known as Zhipu, announced on Wednesday that its open-source image generation model, GLM-Image, completed training using Huawei Technologies Co.’s Ascend chips. The company described it as the first state-of-the-art multimodal model in China to reach this milestone on homegrown hardware, as the country works…
Germany’s second-largest bank, DZ Bank, has taken a decisive step into the digital asset market by approving Bitcoin and cryptocurrency trading.The approval comes after DZ Bank received authorisation under the European Union’s Markets in Crypto-Assets Regulation, known as MiCAR.The MiCAR regulatory clearance was granted by Germany’s financial watchdog, BaFin, at…
Saudi Arabia’s Public Investment Fund (PIF) is shifting roughly $12 billion worth of listed gaming shares to its subsidiary, Savvy Games Group. The move covers stakes in major companies, including Nintendo Co. and Bandai Namco Holdings Inc., according to a Bloomberg report.The transfer consolidates the kingdom’s gaming investments under one…
Lloyds share price continued its strong bull run this year, and is now hovering at its highest level since September 2008. It has jumped in the last 12 consecutive months, and is up by 430% from its lowest level in 2020. This surge has brought its market capitalization to over $80…
US spot Bitcoin exchange-traded funds recorded their largest daily net inflows in more than three months on Tuesday, signalling a renewed wave of institutional demand as investors move past year-end portfolio rebalancing and re-engage with digital assets.According to data from Farside Investors, spot Bitcoin ETFs attracted $753.7 million in net…