NATO allies have agreed to increase their defense spending to 5.0% of the gross domestic product (GDP) by 2035 – a dramatic increase from the previous 2.0% benchmark.Additionally, President Trump has proposed a massive $150 billion boost to defense budget in his controversial tax-and-spending bill as well.These developments will likely…
US stocks soared on Thursday after the White House indicated that the July 9 tariff-pause deadline imposed by US President Donald Trump is ‘not critical’ and can be extended.Press Secretary Karoline Leavitt indicated that the July timeline for striking new trade deals isn’t set in stone, saying the deadline “is…
Asian stock markets advanced broadly at Friday’s open, with a key gauge of global equities on track for another record high, as calming geopolitical concerns and rising expectations for US Federal Reserve interest-rate cuts this year fueled investor optimism. Trading desks across Asia are buzzing with excitement again, as the…
In a landmark transaction that is set to reshape India’s Rs 90,000-crore paints industry, JSW Paints will acquire a 74.76% stake in Akzo Nobel India from its Dutch parent in a transaction valued at approximately €1.4 billion ($1.6 billion), including debt.The deal marks a strategic move by the Indian conglomerate…
European stock markets started the final trading session of the week on a strong footing, with major indices firmly in positive territory. This wave of optimism was largely fueled by comments from the White House on Thursday, which suggested potential flexibility regarding looming tariff deadlines, helping to soothe investor concerns…
The United States and China have formally finalized a trade understanding first reached last month in Geneva, a move that could ease tensions between the world’s two largest economies. The deal, which includes a Chinese commitment to deliver rare earth minerals essential to key US industries, was signed two days…
Japan’s NTT Data Group has filed a preliminary prospectus with Singapore’s financial regulator to list a real estate investment trust on the Singapore Exchange, in what could be the largest REIT initial public offering in the city-state since 2017.According to people familiar with the matter, the IPO could raise as…
The risk premium on crude oil faded considerably this week, with prices set for their steepest weekly fall since March 2023 on Friday. However, further declines in oil prices were arrested due to a tight US market, according to experts. This week, Brent crude prices fell from near $80 a barrel to…
Xiaomi stock price has surged to a record high of H$61.05, making it one of the best-performing companies in the Hang Seng Index this year. It has jumped by over 615% from its lowest point in 2022.This performance has diverged from the performance of Apple, its biggest rival whose stock…
Japan’s NTT Data Group has filed a preliminary prospectus with Singapore’s financial regulator to list a real estate investment trust on the Singapore Exchange, in what could be the largest REIT initial public offering in the city-state since 2017.According to people familiar with the matter, the IPO could raise as…