Shares of AkzoNobel surged on Wednesday after the Dutch paints and coatings maker disclosed that it had rejected a €12.49 billion ($14.53 billion) takeover proposal from Japan’s Nippon Paint Holdings and US-based Sherwin-Williams.The stock climbed as much as 17% in early European trading to 61.38 euros, wiping out losses accumulated…
TheSportExchange, a performance-linked digital asset marketplace, has announced a multi-year strategic partnership with Croatian Football Federation (HNS), the governing body of Croatia’s national football team.As part of the partnership, Croatia Keys are now live on the platform. The digital participation assets are tied to Croatia’s performance across international tournaments on…
US stock index futures advanced on Wednesday as enthusiasm around artificial intelligence continued to support risk appetite and investors stayed cautiously optimistic about a potential US-Iran deal.S&P 500 futures rose 0.15%, Dow Jones Industrial Average futures added 119 points, or 0.24%, and Nasdaq 100 futures gained 0.23%, pointing to a…
Barclays has made another big call on the memory-chip trade, raising its price targets on both Micron Technology and SanDisk as artificial intelligence keeps reshaping demand for DRAM and NAND chips. The move comes just after Micron crossed the $1 trillion market-value mark on Tuesday, a milestone that shows how…
Indian stocks are on track for their first annual decline in more than a decade, according to a Reuters poll of equity analysts, as sustained foreign investor outflows and limited participation in the global artificial intelligence (AI) rally weigh heavily on market sentiment.Benchmark equity indices in the world’s fastest-growing major…
Negotiations between the United States and Iran entered a precarious new phase on Tuesday after overnight American strikes in southern Iran intensified fears of a wider regional confrontation.The escalation threatened to derail already fragile diplomatic efforts between the two countries.The military action came even as officials from both countries continued…
India’s rupee is under mounting pressure as oil prices stay elevated, with ING Economics ’ Deepali Bhargava warning that weak capital inflows, rather than the current account deficit, are driving the sharp depreciation. Policymakers have shielded consumers with subsidies, but the strain has shifted to the currency.India’s resilience to the…
US consumer confidence edged lower in May as rising gasoline prices and growing concerns over the economic fallout from the conflict involving Iran continued to pressure household sentiment.Data released Tuesday by the Conference Board showed its consumer confidence index slipped 0.7 point to 93.1 in May, slightly above economists’ expectations…
The ASX 200 Index remained in a tight range while Australian bond yields fell after the latest consumer inflation report. It was trading at A$8,660, a few points below this week’s high of A$8,715. RBA likely to pause interest rate hikesThe ASX 200 Index wavered after a report by the Australian…
Micron Technology stock remains in a bull market, making it one of the top-performing companies in the United States. MU has jumped by 155% this year, making it the fifth-best-performing company in the S&P 500 Index after Sandisk (SNDK), Intel (INTC), Seagate Technology (STX), and Western Digital (WDC).Micron stock is…