Japan’s Nikkei jumps over 1% as AI optimism lifts chip stocks; exports rise 16.7%Japan’s Nikkei 225 rose 1.56% as renewed optimism over AI demand and gains on Wall Street lifted investor sentiment. Strong export growth a...
Global Market: South Korean shares jump 3% as chipmakers rally on strong exports, AI demandSouth Korea’s KOSPI surged 3.03% after hitting a six-month closing low, supported by a rally in chipmakers, record semiconductor exports an...
Bessent sees no spillover from France bond market’s turmoilScott Bessent, the US Treasury secretary, expressed that the French bond market will not affect other markets. He acknowledged the economic...
Starlink speed restrictions seem deliberate: Volodymyr ZelenskyyAfter sending vehicles connected to Starshield to Europe to conduct speed checks and finding they operated normally outside Ukraine, offici...
Waiver 60-day pause; Europe refused to sanction China, India over Russia oil, says USThe US announced a 60-day pause on sanctions against Russia to analyze the effects on the global economy. Officials clarified that no sanct...
Iran ships some LPG, jet fuel despite US blockade, data showsIran has managed to export limited liquefied petroleum gas and jet fuel despite ongoing US naval blockades. The Iranian methodology involve...
World Bank has a $19 billion gameplan to expand its critical minerals business in five yearsWorld Bank President Ajay Banga has set a target to quintuple the lender’s critical minerals business over five years, with financing proje...
US announces new Iran-related sanctions targeting 16 people, 10 entitiesThe United States has imposed sanctions on 16 individuals and 10 entities connected to Iran's financial operations. US Treasury Secretary S...
Bessent urges World Bank to end restrictions on upstream oil, gas financingUS Treasury Secretary Scott Bessent urged the World Bank to ease restrictions on oil and gas financing, support deep-sea mining, and reform...
IMF chief urges US and wealthy nations to rein in debt to ease global economic pressureThe International Monetary Fund emphasized the urgent need to address rising global debt impacting low-income countries. IMF Managing Direc...
No magic fix: IMF chief warns growth cannot solve America's $40 trillion debtThe head of the International Monetary Fund highlights the urgent need to address global debt levels. Rising interest rates and inflation h...
US hits Bank of America with $1.2 billion fine, says it violated money laundering, sanctions lawsThe US Treasury Department announced a $1.2 billion fine against Bank of America for violating anti-money laundering laws. This penalty mar...
Slow outflows, sure, but inflows? That’s RBI’s real challengeRBI is currently dealing with substantial capital outflows and currency devaluation pressures in the economy. Recent market operations indi...
Republican, Democratic US senators say Trump's diesel deal with Russia is illegalA bipartisan group of seven US senators has questioned the legality of President Trump's diesel import deal with Russia. They highlight Con...
US imposes fresh Iran sanctions, targets two Mumbai-based firms, 5 Indian nationalsOn Thursday, the US sanctioned two Mumbai-based firms and five individuals involved in Iranian petroleum trade. These firms allegedly facil...
US imposes sanctions targeting 17 vessels of Iran 'shadow fleet'The United States has imposed sanctions on Iran's shadow fleet of tankers transporting oil. These sanctions target 17 vessels linked to the...
Scott Bessent says AI industry must own its risks and find solutionsAnthropic PBC Chief Executive Officer Dario Amodei, OpenAI chief Sam Altman and SpaceAI Corp.’s Elon Musk in September called for the indus...