China slaps sanctions on 13 US military firms over Taiwan arms sale
BEIJING (Reuters) – China has decided to impose sanctions on 13 U.S. military firms from Thursday, in response to the sale of U.S. arms to Taiwan, the foreign ministry said…
South Korean political unrest jolts Asian stocks, triggers market volatility
Asian markets were rattled on Wednesday following political upheaval in South Korea, where a brief imposition of martial law created uncertainty across financial markets. The South Korean won saw volatile…
Bank of Korea pledges short-term liquidity boost to stabilize FX market amid political turmoil in South Korea
In response to South Korea’s recent political upheaval, the Bank of Korea (BOK) announced on Wednesday its commitment to boost short-term liquidity and stabilize foreign exchange (FX) markets as necessary.…
Barclays settles $17.7 billion debt sale lawsuit for $19.5 million amid securities fraud claims
Barclays has agreed to pay $19.5 million to settle a securities fraud lawsuit filed by shareholders in Manhattan federal court, over its misstep in selling $17.7 billion more debt than…
Stock Futures Lower after S&P 500 futures ticked down 0.18%
Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average…
Australian gambling firm Tabcorp lays off 10% workforce, AFR reports
(Reuters) -Australian betting and gambling firm Tabcorp Holdings has laid off 10% of its workforce, around 200 roles, to cut down on costs and simplify its business, the Australian Financial…
Rio Tinto raises 2025 copper output view on boost from Mongolia’s Oyu Tolgoi mine
(Reuters) -Australian mining giant Rio Tinto (NYSE:RIO) forecast higher consolidated mined copper production for fiscal 2025 on Wednesday, driven primarily by an anticipated 50% surge in output from its Oyu…
Japan stocks higher at close of trade; Nikkei 225 up 0.06%
Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Banking, Insurance and Transportation Equipment sectors led shares higher. At the close in Tokyo, the…
Salesforce: Jefferies hikes PT on strong earnings, flags slowing margin growth
Investing.com– Jefferies increased its price target for Salesforce Inc (NYSE:CRM) on strong quarterly results, but flagged concerns about slowing improvements in profit margins and weaker growth in recently acquired businesses.…
StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy
By Lawrence White and Selena Li LONDON/HONG KONG (Reuters) – Standard Chartered (OTC:SCBFF) (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business…