More: Finance
Elon Musk’s xAI Nears $20 Billion Capital Raise with Nvidia Investment
Elon Musk launched xAI in July 2023 as a competitor to OpenAI, aiming to develop artificial intelligence aligned with Musk’s vision of “truth-seeking AI.”...
Hong Kong Stocks Slip Ahead of Holiday; Gold Miners Shine Amid Record Bullion Surge
Hong Kong stocks eased on Monday as investors locked in profits from the recent rally and adopted a cautious stance ahead of the Mid-Autumn...
Dollar Heads for Worst Week Since July; Yen Supported by BOJ Outlook
The U.S. dollar is on track for its steepest weekly fall since late July as political uncertainty from the U.S. government shutdown weighed on...
Japan’s Markets Brace for Ruling Party Leadership Vote
Japanese markets are on edge ahead of a weekend vote that will decide the country’s next prime minister and shape economic and central bank...
Foreign Investors Offload Largest Tranche of Japan Bonds in a Year as BOJ Signals Shift
For decades, Japan’s government bond market has been anchored by the Bank of Japan’s ultra-loose monetary policy, characterized by negative interest rates and aggressive...
China’s Record Holiday Rail Travel Highlights Consumer Appetite Amid Economic Headwinds
China’s national railway network carried 23.13 million trips on the first day of the extended National Day holiday on Wednesday, setting a new single-day...
Morning Bid Europe: U.S. Jobs Weakness Fuels Market Shifts
Markets are digesting fresh signs of weakness in the U.S. labour market after private payrolls provider ADP reported a surprise 32,000 drop in employment...
South Korea’s Used Car Export Boom: Resilience or Risk?
South Korea’s auto industry, long a cornerstone of its export economy, is undergoing a structural shift. As U.S. tariffs choke off new car exports,...
U.S. Shutdown Looms as Trump, Democrats Fail to Break Deadlock
The U.S. appeared on the brink of a partial government shutdown after a tense White House meeting between President Donald Trump and Democratic leaders...
Visa Embraces Stablecoins to Shake Up Cross-Border Payments
Visa is piloting a new system that lets businesses fund international payments with stablecoins instead of pre-depositing cash in local accounts, signaling a major...