Trump’s new crypto token jumps ahead of his inauguration
SINGAPORE (Reuters) – Donald Trump’s newly minted cryptocurrency soared on Monday to top $9 billion in market value, drawing in billions in trading volume just hours ahead of the U.S.…
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South Korea’s Yoon shuns questioning as security tightened after court rampage
By Hyunsu Yim and Jack Kim SEOUL (Reuters) – South Korea’s impeached President Yoon Suk Yeol refused on Monday to be questioned by investigators under a probe into whether he…
Australia’s Optus mulls selling sports streaming service to Nine, AFR reports
(Reuters) – Singapore Telecommunications-owned Optus, Australia’s No. 2 telecom carrier, is looking to sell its sports streaming platform Optus Sport to media house Nine Entertainment, the Australian Financial Review (AFR)…
China’s COMAC aims to lift C919 jet production capacity to 50 this year, report says
BEIJING/SEOUL (Reuters) – Chinese planemaker COMAC plans to raise production capacity for its homegrown C919 single-aisle planes to 50 this year, a COMAC executive told a media outlet supported by…
Taiwan’s Compal, Inventec mull US expansion to counter Trump tariffs
By Wen-Yee Lee TAIPEI (Reuters) – Taiwanese contract laptop makers Compal and Inventec may expand into the United States with Texas eyed as one of the top locations, their executives…
Vivendi’s new ‘galaxy’ of companies needs more time to explain strategy, analysts and investors say
By Gianluca Lo Nostro, Florence Loeve and Paul Sandle GDANSK/PARIS/LONDON (Reuters) – Vivendi (OTC:VIVHY) management and bosses of some of its newly spun out companies – Canal+, Havas and Louis…
Morgan Stanley weighs in on correlation between stocks and yields
Investing.com – A negative correlation between stocks and US government bond yields is likely to persist until the 10-year Treasury yield falls back below the 4.50% level, according to analysts at…
European stocks just higher; Trump’s inauguration in focus
Investing.com – European stock markets edged slightly higher Monday, with activity likely curtailed ahead of the inauguration of US President-elect Donald Trump later in the session. At 03:05 ET (08:05…
Indonesia stocks higher at close of trade; IDX Composite Index up 0.44%
Investing.com – Indonesia stocks were higher after the close on Monday, as gains in the Financials, Infrastructure and Agriculture sectors led shares higher. At the close in Jakarta, the IDX…
Perplexity AI bids to merge with TikTok US, source says
(Reuters) – U.S. search engine startup Perplexity AI submitted a bid on Saturday to TikTok’s Chinese parent ByteDance for Perplexity to merge with TikTok U.S., a source familiar with the…