Alibaba Group stock fell approximately 3% in Hong Kong on Thursday after Jefferies reduced its price target for the Chinese tech giant.The price action revived a familiar market debate on how long investors are willing to wait for Alibaba’s costly AI push to translate into stronger profits.Jefferies lowered its target…
Foreign investors poured a record 2.96 trillion yen ($18.65 billion) into Tokyo-listed shares in the week ended April 4, reversing three straight weeks of selling as easing geopolitical tensions and fiscal year-end trading patterns drew buyers back into Japan’s market.Ministry of Finance data showed the inflows marked a sharp turnaround after overseas investors…
European stock futures pointed to a modestly firmer open on Thursday, with FTSE 100 Futures up around 0.4% at 10,649.5, although the tone remained cautious as investors weighed a sharp rally in regional equities against fresh doubts.The guarded advance followed a strong session in the cash market on Wednesday, when…
There is a reason pipeline stocks keep showing up in long-term portfolios even when the rest of the market is chasing the next big growth trade.They are not as flashy as these stocks rarely deliver the kind of drama that defines tech momentum names, but they do offer something many…
Rene Haas is set to oversee much of SoftBank Group’s international business while remaining chief executive of Arm, according to the Financial Times, citing people familiar with the matter. The move would give Haas a far broader operating brief as founder Masayoshi Son accelerates the Japanese group’s push into artificial…
At 6:12 on a Tuesday morning, Trump posted that a whole civilisation would die that night. By 8 p.m., he had announced a ceasefire. By Wednesday’s open, the Nasdaq was up 3.5%, oil had shed 16%, South Korea’s Kospi had soared 6.9%, and emerging markets were posting their best single…
Pakistan will repay a $3.5 billion loan to the United Arab Emirates this month, two government officials said, raising fresh pressure on the country’s foreign exchange reserves and risking a breach of targets under its International Monetary Fund programme, with a further $1.3 billion Eurobond repayment due by June.The repayment…
Wall Street’s main indexes opened lower on Tuesday as investors assessed escalating tensions between the United States and Iran ahead of President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz.The Dow Jones Industrial Average was down 214 points, or 0.46%, while the S&P 500 index fell 0.42%…
Latin American currencies and equities retreated as escalating Middle East conflict and a broadly stronger dollar drove investors away from risk assets, with the Chilean peso among the hardest hit despite data showing a larger-than-expected trade surplus.An MSCI index tracking publicly listed shares across the region fell 0.57%, on course…
US electricity demand is set to extend its record-breaking streak through 2027, driven by rapid growth in artificial intelligence infrastructure, cryptocurrency operations, and broader electrification across the economy, according to the latest outlook from the Energy Information Administration (EIA).The agency said power consumption, which reached a second consecutive annual record…