Vietnam’s National Assembly, on Thursday, took a significant step towards bolstering its nascent domestic rare earth processing sector by approving a revised law. This new legislation imposes stricter controls on the export of refined rare earths while definitively re-stating the long-standing ban on exporting raw rare earth ore. The move is a…
Scottish Mortgage share price popped this week, reaching its highest level since November 5. SMT jumped to a high of 1,140p, up by 11% from its lowest level in November and by 46% from its lowest point in November last year. Scottish Mortgage share price is soaring amid SpaceX IPO newsSMT…
While current price charts indicate deteriorated optimism in crypto, the December 10 session confirmed staggering institutional appetite. Notably, investors poured substantial funds into all leading crypto ETFs on Wednesday.Bitcoin, Ethereum, XRP, and Solana attracted massive inflows as demand skyrocketed ahead of the much-anticipated December 10 Federal Reserve meeting.Bitcoin ETFs in…
SoftBank Group shares fell sharply on Thursday after Oracle’s weaker-than-expected quarterly results renewed worries about how long it will take for massive investments in artificial intelligence infrastructure to translate into profits. The stock closed down nearly 7.7% in Tokyo, having dropped as much as 8.4% intraday, dragging the broader market…
JPMorgan Chase is preparing another expansion step in India, setting the stage for a fresh phase of growth in a country that has become a priority for global financial institutions. As per a Bloomberg report, the bank is moving ahead with plans for a new branch in Pune, marking its…
Oracle shares dropped 11% in premarket trading on Thursday, extending the previous session’s losses after the company reported quarterly results that underscored both the promise and the pressure of its accelerating cloud ambitions. While adjusted earnings beat analyst expectations by a wide margin, revenue fell short, raising fresh questions about…
Dow futures declined over 100 points on Thursday as Oracle’s results reignited fears about high-flying tech stocks.The futures tied to other Wall Street indices like the S&P 500 and Nasdaq were also trading in red even after the Federal Reserve’s latest interest rate cut gave a boost to US equity…
Drax Group announced on Thursday that it is considering converting a section of its Yorkshire power station in northern England into a data centre as early as 2027.The project would repurpose land, cooling systems, and transformers that were previously used for coal generation, according to a Reuters report.Europe’s landscape of…
Microsoft’s Satya Nadella has drawn global attention during his India visit, not only for a major investment pledge but also for an unexpected personal project that links artificial intelligence with one of India’s most enduring sporting traditions. While travelling, the chief executive spent his free time building a Deep Research…
The projected global crude oil surplus in the fourth quarter of 2025 has narrowed due to a halt in production, the International Energy Agency said on Thursday. Meanwhile, the forecast for global crude oil demand growth in 2025 has been scaled up by the IEA in its December Oil Market Report. The…