Latest Business News
US Rejects Serbia's Request to Waive Sanctions on Russian-Owned Refinery
The US denied Serbia's request to waive sanctions on its Russian-owned NIS oil refinery, forcing it to halt operations and risking Serbia's fuel supply and financial stability. The move could trigger secondary US sanctions on Serbia's central bank and commercial lenders .
Trump to Name Next Fed Chair Early Next Year
President Trump announced he will appoint the next Federal Reserve chair early in the new year, stirring speculation about future monetary policy direction. Treasury yields remained steady ahead of the announcement .
Russia and US Talks Yield No Progress on Ukraine
After five hours of talks in Moscow, Russia stated there was no compromise on territorial issues in Ukraine, affecting global markets and diplomatic outlook. The lack of progress adds uncertainty to ongoing peace negotiations .
China's Currency Strengthens Amid Trade Tensions
The Chinese yuan strengthened as markets reacted to trade tensions and President Macron's push for EU action on Chinese rare earth restrictions. Analysts note weak macro data but resilient sectoral performance .
South Korea's 3Q GDP Revised Up to 1.3%
South Korea's third-quarter GDP rose 1.3% quarter-on-quarter, revised from an earlier estimate of 1.2%, marking the fastest pace in three years. The data signals modest economic recovery in Asia .
Amazon Launches New AI Chip to Compete with Nvidia and Google
Amazon rushed out its latest AI chip to challenge Nvidia and Google in the artificial intelligence hardware market. The move reflects intensifying competition in the tech sector .
Taiwan FM Accuses China of Enabling Russia's War in Ukraine
Taiwan's Foreign Minister stated China is a decisive enabler of Russia's war in Ukraine, highlighting ongoing geopolitical tensions affecting global business and trade .
Hong Kong Fire Sparks Outrage Over Missed Warnings
A deadly fire in Hong Kong, linked to missed safety warnings, has stirred public outrage and raised concerns about regulatory oversight. Shares of the facility management company involved slumped .
Tesla's China Shipments Rise for Third Time This Year
Tesla's shipments from China rose for the third time in 2025, boosting supplier stocks and reflecting ongoing demand for electric vehicles in the region .
IKEA Opens First Store in New Zealand
IKEA opened its first store in New Zealand, expanding its global retail footprint and signaling continued growth in the international furniture market .