Morning brief: Asian stocks rise as tech jitters persist; Trump moves to curb state-level AI rules
Asian markets opened higher on Friday, tracking overnight gains on Wall Street, even as renewed weakness in Oracle shares added…
Australian government unveils $670M rescue plan for Tomago aluminium smelter
In a major intervention to safeguard industrial jobs, Prime Minister Anthony Albanese announced a rescue effort on Friday to prevent…
Lululemon shares jump after earnings beat and CEO exit announcement
Lululemon Athletica shares surged nearly 11% in after-hours trading on Thursday after the retailer reported stronger-than-expected third-quarter results and said…
UK economy contracts again as budget uncertainty weighs on activity
The UK economy slipped back into contraction in October, heightening concerns that Chancellor of the Exchequer Rachel Reeves’ first budget…
A hawkish cut, a split house, and a Fed Chair on borrowed time
‘Tempus fugit, ’ as we cry out at closing time in my local Wetherspoons. We’re already more than a quarter…
US-Venezuela tensions: What’s the effect on Venezuela’s economy and what investors need to prepare for
In Venezuela, money does not enter the economy as a steady stream. Instead, it arrives in bursts, timed to crude…
Russian oil exports shift in November: Baltic surge counters southern collapse
Russian seaborne oil product exports dipped slightly in November, falling 0.8% from October to 7.494 million metric tons, according to…
India’s retail inflation rises to 0.71% in November as food deflation eases
India’s annual retail inflation increased to 0.71% year-on-year in November, rising from a record low of 0.25% in October, according…
Commodity wrap: silver hits record high, gold climbs past $4,300, oil remains flat
Gold prices hit a seven-week high on Friday due to a soft dollar and rising safe-haven demand. Meanwhile, silver continued…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…