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November 11, 2024
SoftBank projected to report $1.87 billion profit from IPOs
Japanese tech investor SoftBank Group is anticipated to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, driven by successful IPOs within its portfolio and a stronger yen. Analysts are watching closely for signs of renewed investment momentum, supported by SoftBank’s strong balance sheet and management’s optimistic
November 11, 2024
The China chip index is approaching a three-year peak, driven by bets on self-reliance,fueled by orders from TSMC
China’s semiconductor index surged close to a three-year high on Monday, spurred by speculation that a U.S. order halting Taiwan Semiconductor Manufacturing Co. (TSMC) from shipping advanced chips to Chinese customers could accelerate Beijing’s push for self-sufficiency. Starting Monday, TSMC will suspend shipments of certain advanced chips to select Chinese
Gold prices declined in Asian markets on Monday, continuing last week’s losses as investor confidence remained high after Donald Trump’s win in the 2024 presidential election. The precious metal also faced downward pressure from a strong dollar, which remained steady ahead of upcoming U.S. inflation data and Federal Reserve insights.
Bitcoin surged to a record high above $81,000 on Monday, driven by expectations of a crypto-friendly regulatory environment following the election of Donald Trump as U.S. president along with pro-crypto Congressional candidates. The world’s largest cryptocurrency has now more than doubled from this year’s low of $38,505 and recently traded
November 10, 2024
US and Britain conduct raids on Yemen’s capital Sanaa and other areas, reports Al Masirah TV
The United States and Britain conducted airstrikes on Yemen’s capital, Sanaa, the Amran governorate, and other regions, according to Al Masirah TV, the primary news outlet operated by the Houthi movement, on Sunday. Houthi media and local residents reported that around nine airstrikes targeted Sanaa, its surrounding areas, and the
November 10, 2024
Exclusive: U.S. orders TSMC to stop shipments to China of chips used in AI applications, sourcereports
The United States has ordered Taiwan Semiconductor Manufacturing Co. (TSMC) to halt shipments of advanced chips to Chinese clients, often used in artificial intelligence applications, beginning Monday, according to a source familiar with the matter. The U.S. Department of Commerce issued a letter to TSMC, imposing export restrictions on advanced
Online travel agency Booking.com may consider job reductions as part of a review of its organizational structure, the company announced on Saturday. As a subsidiary of Booking Holdings, the company stated via email that it is in the early stages of this review, and no final decisions have been reached.
November 9, 2024
Morgan Stanley explores the intersection of memberships across Walmart, Amazon, and Costcocustomers
In a recent client note, Morgan Stanley analysts examined the competitive dynamics among major membership-based retailers, focusing on Walmart+, Amazon Prime, and Costco. The report highlights Walmart’s growth, which has reached near-record membership levels due to strategies like a 50% discount for Black Friday. Based on Morgan Stanley’s Consumer Pulse
November 9, 2024
China’s consumer prices see slowest increase in four months, despite stimulus efforts
China’s consumer prices rose at the slowest pace in four months in October, while deflation in producer prices worsened, as shown by data released on Saturday. This comes despite intensified stimulus efforts by Beijing to support the sluggish economy. In a recent move, China’s top legislative body approved a 10
November 9, 2024
Exclusive: Singapore’s DBS considers acquiring stakes in Malaysian banks as part of expansionstrategy, sources reveal
DBS Group Holdings Ltd, Singapore’s largest lender, is considering expansion into Malaysia through potential acquisitions of stakes in local banks, including one of the country’s smallest banks by assets, according to two sources. DBS is reportedly looking into acquiring a 29.1% stake in Alliance Bank Malaysia Bhd, currently held by