The Nikkei 225 Index slipped a bit after the Bank of Japan (BoJ) delivered its interest rate decision amid the ongoing US-Iran war. It dropped to ¥59,920 on Thursday, down slightly from the year-to-date high of ¥60,592.Bank of Japan interest rate decision Japanese stocks retreated as market participants reflected on the…
Lightelligence turned what might have been a routine listing into a full-blown market spectacle on Tuesday, with its shares surging as much as 408% to HK$930 after pricing at HK$183.20 in Hong Kong.The scale of the jump immediately set it apart as one of the most explosive debuts in recent…
China is set to significantly expand its digital infrastructure, with new analysis from Rystad Energy projecting the country will nearly double its data center capacity over the next five years. An anticipated 28 gigawatts (GW) of new projects are expected to come online by 2030, building on the 32 GW already…
European stocks traded slightly lower on Tuesday as investors monitored geopolitical developments and digested a fresh batch of corporate earnings.The pan-European Stoxx 600 index slipped 0.1% shortly after the opening bell, reflecting cautious sentiment across markets.Oil prices moved higher in early trading, adding pressure to equities.Regional indices showed mixed performance.The…
Qualcomm stock (NASDAQ: QCOM) heads into Wednesday’s earnings with the market asking some familiar questions.The investors will keep a close eye on the earnings report to assess if it can finally unlock the QCOM stock, or serve as another reminder that the shares have a ceiling.The company is scheduled to…
British energy giant BP saw its first-quarter profits more than double from the previous year, the company reported on Tuesday, citing the sharp increase in oil and gas prices fueled by the ongoing Middle East conflict.The oil giant reported a robust financial performance for the first quarter, posting an underlying…
The Lloyds share price will be in the spotlight this week as the blue-chip British bank publishes its financial results on Wednesday. LLOY dropped to 97.50p on Monday, down slightly from this month’s high of 104.9p.Lloyds Bank earnings and Bank of England decision British banks, including Lloyds, have come under increased…
Alphabet’s Google has joined a growing list of technology firms partnering with the US Department of Defence to supply artificial intelligence models for classified operations, The Information reported on Tuesday.The agreement allows the Pentagon to use Google’s AI systems for “any lawful government purpose”.This places Google alongside firms such as…
Global markets started the week with a mixed bag as equities in the region are being lifted by Wall Street’s momentum, while oil remains sensitive to every fresh twist in the US-Iran standoff.China’s latest profit data suggests some industrial improvement, but the broader recovery still looks uneven.In India, Sun Pharma…
The United States is two months into its most consequential military operation since Iraq. Oil prices have surged more than 55%, and the IMF has cut its global growth forecast.At the same time, the S&P 500 just closed above 7,000 for the first time in history. US market indices are…