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Asian markets close in red after new US trade deals; Kospi drops 0.9%

Asian markets traded mostly lower on Wednesday as investors dialed back expectations for imminent Federal Reserve rate cuts after mixed US inflation…
Stock

Dow Futures mixed ahead of wholesale inflation data: 5 things to know before Wall Street opens today

Dow Futures pointed to a mixed open on Wednesday, with investors waiting on key earnings reports from major banks and fresh data…
Stock

Diageo shakes up leadership as CEO Debra Crew steps down amid tumultuous tenure

Big changes are underway at Diageo, the global drinks giant known for Guinness and Johnnie Walker. CEO Debra Crew has stepped down…
Stock

Estée Lauder appoints first ever digital chief amid online retail push to regain growth

Estée Lauder is embarking on a major digital transformation as it tries to regain lost ground in the global beauty market, following…
Stock

Is Trump handing China a win in the AI chip war?

Nvidia is back in business with China. So is AMD. The Biden-era export controls on advanced AI chips used to be the…
Stock

Wells Fargo Q2 results: modest 1% revenue growth, credit metrics reflect resilience

Wells Fargo’s Q2 results turned in a decent set of numbers, offering some reassurance that it’s managing to stay steady despite ongoing…
Stock

Donald Trump’s 30% tariff threat prompts EU countermeasures

Should trade negotiations with Washington falter, the European Commission is considering imposing tariffs on $84.1 billion (72 billion euros) worth of US…
Stock

Interview: Indian markets show resilience amid global headwinds, says Ladderup Asset Management’s Raghvendra Nath

Despite a volatile start to the year marked by geopolitical tensions and lacklustre earnings, the Indian equity market has shown surprising resilience….
Stock

Nvidia shares jump as US greenlights H20 chip sales to China in ‘major catalyst’ to stock

Nvidia shares surged 4.7% to $171.78 in premarket trading Tuesday, extending gains from last week when the company became the first in…
Stock

Waning appetite for coal: China’s production surges, imports decline

China’s appetite for coal is waning as imports fall sharply in recent months.  While most energy imports, including crude oil and natural…
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