Latest Business News
Federal Reserve Cuts Interest Rates for Third Time
The U.S. Federal Reserve has implemented a 25 basis points cut for the third consecutive time, aiming to stimulate economic growth. This move has lifted investor sentiment and influenced global markets positively.
Oracle Stock Plummets on Disappointing Cloud Sales
Oracle shares fell sharply following a report of cloud revenue below analyst expectations, signaling a delayed payoff from its AI investments despite nearly $8 billion in cloud sales.
Asia Markets Rally Following Fed Rate Cut
Asian stock markets, including Japan and South Korea, climbed as Powell's remarks about the Fed's rate cut boosted market optimism. Strategists describe this as a Goldilocks scenario favoring Asian markets.
Japan-China Diplomatic Tensions Over Taiwan Continue
The diplomatic dispute between Japan and China over Taiwan remains unresolved, showing no immediate signs of easing despite recent political talks, adding uncertainty to regional business environments.
Mexico Approves Import Tariff Reforms
Mexico's lower house passed reforms to import tariffs, aiming to protect domestic industries and reshape trade balances within North America.
Australia Reports Unexpected Employment Decline in November
Contrary to expectations, Australia’s employment figures fell by 21,343 jobs in November, highlighting economic challenges domestically amidst global uncertainties.
U.S. Dollar Experiences Worst Day Since September
The U.S. dollar weakened significantly after the Fed's rate cut announcement, reflecting shifts in currency markets and impacting global trade and investments.
Nvidia Denies Claims Regarding 'Phantom Data Centers'
Nvidia has rejected allegations about the existence of 'phantom data centers' that critics said inflated its AI-related infrastructure capacity.
Southeast Asia Emerges as Beneficiary in US-China Trade Spat
Amid ongoing US-China trade tensions, Southeast Asia has become a surprise winner, benefiting from shifting supply chains and increased trade opportunities.
Mizuo Financial Group CEO Discusses Business Strategy Amid BOJ Outlook
The CEO of Mizuo Financial Group shared insights on their strategy and economic outlook for Japan, addressing implications of the Bank of Japan's policies on the financial sector.