Australia, Asia and global macro sentiment opened the week on a cautious footing, with defence restructuring in Canberra, volatile equity moves across regional markets, renewed pressure in digital assets, and fresh signs of slowing momentum in China’s manufacturing sector. Risk appetite weakened despite steady expectations of US rate cuts, while…
India is exploring the feasibility of importing coking coal from Mongolia, aiming to diversify its sourcing for the crucial steelmaking ingredient despite facing logistical challenges, a Reuters report revealed. India, currently holding the position of the world’s second-largest crude steel producer, faces a significant dependence on imports for coking coal. The nation…
HSBC is moving deeper into artificial intelligence as the banking sector intensifies its shift toward automated services and faster digital operations. The bank has entered a multi-year agreement with French start-up Mistral AI, marking a new phase in how traditional lenders use generative AI to support high-volume, tech-heavy functions.The move…
Shares of Indian pharmaceutical major Wockhardt rallied more than 13% on Monday after it announced a milestone development in its innovation pipeline: the United States Food and Drug Administration has formally accepted its New Drug Application for Zaynich, a novel antibiotic designed to target complicated urinary tract infections caused by…
Airbus share price moved sideways as investors assessed the impact of last week’s recall of its most important jet. AIR was trading at €204, down by 5.35% from its highest point this year. So, will the Airbus A320 recall crash the stock?Airbus A320 recallThe main catalyst for the Airbus stock…
A major data breach at South Korea’s biggest e-retailer has intensified concerns about the country’s digital preparedness, with the latest incident now seen as part of a broader pattern of systemic weaknesses. The Coupang leak, affecting tens of millions of accounts, reports Bloomberg, comes during a year already marked by…
Britain’s manufacturing sector returned to growth for the first time in more than a year in November, signalling a tentative improvement in industrial conditions after a prolonged period of contraction.The S&P Global Purchasing Managers’ Index (PMI) rose to 50.2 last month from 49.7 in October, marking the first expansion since…
The proposed £5.3 billion merger between FTSE 250-listed infrastructure investment groups HICL Infrastructure and the Renewables Infrastructure Group Limited (TRIG) has collapsed after failing to win sufficient support from HICL shareholders.The combination, which would have created one of the largest infrastructure investment trusts in the UK market, has been withdrawn…
Airbus shares fell sharply on Monday after reports surfaced of a new industrial quality issue affecting fuselage panels on several dozen A320-family aircraft. The development comes at a critical moment for the world’s largest planemaker, which is racing to meet aggressive year-end delivery targets while still managing disruptions from a…
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