Xi Pressures Takaichi by Throttling Key Mineral Exports to JapanNew!!
China is choking shipments of some critical minerals to Japan, a slowdown that’s hurting companies and prompting calls for Prime Minister Sanae Takaichi to find a diplomatic off-ramp with Beijing.
Korean Stocks Rebound After 10% Rout With Focus Back on EarningsNew!!
South Korean stocks rebounded from a 10% rout, with investors refocusing on chipmakers’ earnings after what many saw as a selloff driven by technical factors.
Asian Stocks Fall From Record as Tech Rally Cools: Markets Wrap
Asian stocks slumped as a rally in technology shares faltered while investors awaited further developments in US-Iran peace talks.
Qualcomm Nears Deal for AI Chip Startup Modular
Qualcomm Inc. is in advanced talks to acquire Modular Inc. in a transaction valuing the artificial intelligence infrastructure software company at about $4 billion, according to people familiar with the matter.
Seasonality, Contrarian Buying May Lift Battered Indian IT Shares
The average return in the July-December period has been 16%.
Iran Oil Waiver Offers Lifeline to Tehran as Talks Proceed
The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.
Korean Stocks Fall More Than 4% From Record High on Tech Selloff
South Korean stocks tumbled as investors sold off chip heavyweights on renewed concerns that the rally has become overstretched.
CATL Debuts Battery Storage System Using New Sodium Technology
Contemporary Amperex Technology Co. Ltd. has launched a new sodium battery storage system, and expects to start delivering it to China in September.
Circle K Owner’s Fuel Profits Surge Despite Soft Demand in US, Europe
Gas station and convenience store operator Alimentation Couche-Tard Inc. saw big gains in fuel margins after the war in the Middle East caused prices to spike. The company easily beat analysts’ estimates for sales and earnings.
‘A Lot of Leeway’: SpaceX’s High-Grade Debt Brings Out Skeptics
When Moody’s Ratings first evaluated Nvidia Corp. almost a decade ago, it settled on a Baa1 investment-grade rating, taking comfort in its relatively light debt load and more than $1 billion of free cash flow after 16 years as a public company.