StandardAero valued at $10.4 billion as shares jump in NYSE debut
(Reuters) – StandardAero’s shares opened 29% above the initial public offering price in their market debut on Wednesday, giving the…
OpenAI closes $6.6 billion funding haul at valuation of $157 billion with investment from Microsoft and Nvidia
By Krystal Hu (Reuters) – OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, cementing…
US stocks struggle for direction as rising Middle East tensions weigh
Investing.com — U.S. stocks slipped slightly Wednesday after stronger-than-expected employment data helped dilute the negative sentiment generated by the escalated…
European shares see a rough start to the week: Stellantis drops 14%, Rightmove falls 8.7%
On Monday, the pan-European Stoxx 600 index had fallen by around 0.75%, creating a challenging environment for investors. Most sectors…
Are we witnessing the biggest narrative change in Eurozone economies?
The Eurozone, historically anchored by economic powerhouses Germany and France, is seeing a dramatic shift in its economic narrative. In…
East Coast port strike halts shipping, threatens US economy
Dockworkers on the East Coast and Gulf of Mexico launched a massive strike on Tuesday, freezing port operations and causing…
India’s factory growth slows to eight-month low in September, PMI data reveals
India’s manufacturing sector experienced a slowdown in September, reaching its weakest growth in eight months, according to the latest survey…
Gold prices surge as Fed signals a slower pace in rate cuts cycle
Gold prices on COMEX rebounded from losses earlier in the day as escalating tensions in the Middle East aided safe-haven…
Small companies poised for growth as Riksbank cuts interest rates to 3.25%
The Swedish Riksbank’s reduction of the key interest rate to 3.25% can mean great opportunities for small companies on the…
Egypt’s current account deficit soars amid Suez Canal revenue decline
Egypt’s current account deficit surged dramatically in the 2023/24 fiscal year, ballooning from $4.7 billion to $20.8 billion, according to…