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…
The Nikkei 225 Index bounced back above the resistance level at ¥50,000 for the first time this week as global equities soared after the recent Nvidia earnings and after the Japanese yen crash accelerated. It also jumped as investors reacted to the new stimulus deal. It has jumped by 60%…
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…
CoreWeave shares jumped nearly 10% in pre-market trading on Thursday, fueled by a rally in Nvidia Corp. following the chipmaker’s blockbuster third-quarter earnings report. The jump reflects growing investor sentiment that the Nvidia-backed AI cloud provider could become a major bet in the expanding artificial intelligence infrastructure market.CoreWeave’s strong recent…
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…