Japanese investors became net sellers of foreign stocks in April for the first time in four months, as concerns over rising energy costs linked to the Iran war and broader inflation risks weighed on sentiment toward overseas equities.Data released by Japan’s Ministry of Finance on Wednesday showed that investors sold…
Walmart is cutting or relocating around 1,000 corporate employees as the retail giant consolidates parts of its global technology and artificial intelligence operations in a broader push to streamline decision-making and accelerate its digital transformation.The move, first reported by The Wall Street Journal on Tuesday, comes as Walmart increases investments…
Hindustan Petroleum Corporation Limited reported a sharp rise in profit for the fourth quarter and full financial year 2025-26, supported by stronger refining margins, higher refinery throughput, and steady growth in fuel sales volumes.The state-run oil marketing company announced its financial results for the quarter and year ended March 31,…
European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to accelerate preparations against potential cyberattacks that could be launched using Anthropic’s Mythos AI model or similar technologies.Frank Elderson, who also serves as Vice Chair of the ECB’s bank supervision arm, made the remarks in…
BT Group share price continued its strong bull run, reaching its highest point in over seven years as its full-year earnings loomed. It jumped to 240p, up by over 140% from its lowest point in 2024. BT Group shares are soaring ahead of earningsBT, the top telecom company in the UK,…
India’s retail inflation accelerated to 3.48% in April from 3.40% in March, driven mainly by higher food prices, government data released on Tuesday showed.The latest Consumer Price Index (CPI) reading remained below Reuters’ projection of 3.8% and stayed close to March’s print of 3.4%.India also shifted to a revised CPI…
US consumer inflation accelerated to 3.8% in April, marking its highest annual increase since May, 2023 as rising energy prices linked to tensions in the Middle East pushed up the cost of gasoline, food and household essentials.The latest reading from the US Bureau of Labor Statistics came in above economists’…
Private credit funds have marked down more than a tenth of their loans by at least 50%, according to new data released by MSCI, highlighting mounting pressure on borrowers in the $3.5 trillion private credit market.In a report published on Tuesday, MSCI said loans valued below 50% were a level…
The US Senate on Tuesday confirmed Kevin Warsh to a 14-year term as a governor at the Federal Reserve. This vote clears a major hurdle toward his expected appointment as the central bank’s next chair.The nomination passed by a 51-45 vote, with Democratic Senator John Fetterman joining Republicans in supporting…
Jensen Huang was not originally part of Donald Trump’s China trip.But he received a last-minute invitation, and was later seen boarding Air Force One in Alaska during a refueling stop, as he headed to Beijing.For investors, the symbolism is hard to miss.The world’s most valuable chipmaker is now represented at…