On Thursday, China strengthened its rare earth export controls amid a global rush for these commodities. These new restrictions broaden the scope of processing technology limitations, prohibit unauthorised international collaboration, and explicitly aim to restrict exports to foreign defence and semiconductor industries, according to a Reuters report.The Chinese Ministry of Commerce…
Geopolitical tensions in the Middle East eased as Israel and Hamas reached an agreement on the initial phase of a plan to end the conflict in Gaza, leading to a decline in oil prices on Thursday. Experts believe the peace agreement between Israel and Hamas will result in the reduction of…
Hang Seng Bank shares surged nearly 30% on Thursday after parent company HSBC Holdings Plc announced plans to take the lender private in a deal valuing it at more than HK$290 billion (over $37 billion).Europe’s largest bank said it had asked Hang Seng Bank’s board to present a privatization proposal…
A powerful fault line has split the global financial world, with European markets stumbling into the red on Thursday, completely detached from the powerful, record-setting rallies that have sent Wall Street and Asia soaring. The weakness on the continent is being driven by a dramatic corporate bombshell from the banking…
In a stunning display of resilience and strategic brilliance, the Japanese retail giant Fast Retailing Co. has defied the chaos of a global trade war to deliver a blockbuster performance in North America, a powerful vindication of its ambitious global expansion and a clear sign that the world’s appetite for…
JPMorgan Chase CEO Jamie Dimon has warned that US stock markets could face a “significant correction” within the next six months to two years, citing a combination of overheated valuations and mounting global risks.In an interview with the BBC during his visit to Bournemouth, where he announced a £350 million…
Asian stocks ended mostly higher on Thursday, buoyed by gains in chipmaking and technology shares amid renewed optimism around artificial intelligence. Dovish signals from the US Federal Reserve’s September meeting further bolstered sentiment, raising expectations of additional rate cuts ahead of Chair Jerome Powell’s address later in the day.China, Hong…
As the third-quarter earnings season kicks into gear, Wall Street is watching for standout performances that could defy consensus expectations.Morgan Stanley has spotlighted a trio of overweight-rated stocks – Reddit, Capital One Financial, and Roblox – that it believes are primed to deliver upside surprises.The investors who are looking to…
The UK and India have just inked a major $468 million missile deal, a big milestone for both countries’ defence ties and a clear sign of Britain’s growing focus on the Indo-Pacific.Announced during Prime Minister Keir Starmer’s first official visit to India, the agreement will have UK defence giant Thales…
The UK Prime Minister Keir Starmer’s first official visit to India came up with a whole slate of deals and initiatives. In a clear sign that the two nations are looking forward to up team up more closely, the UK and India has decided to work together on everything from…