Politics, tech, and crypto all delivered major headlines on Wednesday.The White House has kicked off its search for a new Federal Reserve chair, Nvidia’s highly anticipated earnings have Wall Street on pause, and Adobe is making a big move with a $1.9B acquisition of Semrush.Meanwhile, Bitcoin’s slide deepened, falling to…
Asian semiconductor stocks rallied sharply on Thursday after Nvidia reported stronger-than-expected quarterly results, helping calm concerns that rapid investment in artificial intelligence could be forming a market bubble. The surge lifted major technology indexes across the region, reflecting renewed confidence in the global chip cycle and continued momentum in AI…
A series of major political and market developments unfolded, with US President Donald Trump preparing to meet New York City’s incoming mayor, to South Korea urging renewed dialogue with Pyongyang. In markets, Asian semiconductor stocks surged on optimism surrounding Nvidia’s earnings, while the chipmaker itself delivered a blockbuster quarter that…
Singapore is intensifying its efforts to enhance the competitiveness of its stock market, unveiling a landmark partnership with Nasdaq alongside a suite of measures designed to attract more companies, boost liquidity, and strengthen investor engagement. The initiatives, announced by the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS),…
Recent customs data released on Thursday revealed a nuanced trend in China’s rare earth magnet exports for the month of October. Overall shipments experienced a decline, falling by 5.2% compared to the previous month’s figures. This marks the second consecutive month of contraction in the country’s total rare earth magnet exports, suggesting…
Australia’s iron ore sector gained fresh momentum in October as shipments from Port Hedland reached their highest level for that month in records going back to 2010. The rise highlights how China’s consistent buying continues to support Australia’s trade performance during a year of uneven global demand. The strength in…
India’s benchmark equity index touched a fresh record high on Thursday, supported by renewed foreign investor interest, stabilizing corporate earnings, and optimism over improving macroeconomic conditions. The Nifty 50 Index climbed as much as 0.74% to 26,246.65 in Mumbai, surpassing its September 2024 peak and becoming one of the final…
Tata Consultancy Services (TCS), India’s largest software services company, is preparing for one of the most consequential strategic shifts in its history as it moves into the capital-intensive data-center and AI infrastructure business. The company is set to form a multi-billion-dollar joint venture with global private equity firm TPG to…
A Spanish court has ordered Meta to pay €479 million to 87 digital media outlets and news agencies after ruling that the company gained an unlawful competitive advantage through its use of personal data for behavioural advertising. Madrid’s Commercial Court said on Thursday that the compensation stems from Meta’s practices…
Global technology shares rallied sharply on Thursday after Nvidia reported another blockbuster quarter, reinforcing confidence that the artificial intelligence boom remains intact despite mounting concerns over overheated valuations. The chipmaker’s results eased fears of a potential AI bubble while underscoring persistent demand for advanced AI hardware across cloud, enterprise, and…