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…
Pakistan has signed an agreement with a firm connected to World Liberty Financial, the crypto platform backed by the family of US President Donald Trump, to explore the use of a dollar-pegged stablecoin for cross-border payments, Reuters reported on Wednesday, citing a source involved in the deal.The agreement marks one…
Saks Global, the parent organisation of the storied American luxury department store chain Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of Texas late Tuesday.The filing represents a critical turning point for the retailer as it grapples with a mounting…
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…