Latest Business News
Chinese Stocks off to Strongest Start Since 2015
The CSI 300 index is set for its highest close since January 2022, marking the best year start since 2015 as investors focus on tech amid global rally. Asia tech stocks like Tencent rise 1%, driven by Nvidia's strong demand for Rubin chips.
Analysts from Lotus Asset Management and Standard Chartered remain optimistic on Chinese equities and yuan.
Trump Plans US Oil Revival in Venezuela Post-Strike
President Trump states the US could reimburse American oil companies for Venezuela operations, needing tremendous investment. Reviving the industry could cost $100-110 billion and take until 2030 amid messy realities.
The strike gives US paper claim to 30% of world oil reserves but requires guarantees for majors.
Energy Stocks Surge After US Venezuela Mission
Energy stocks rallied as investors bet the Venezuela mission benefits US oil interests despite long road ahead. Stocks, gold, and bitcoin rose following the weekend attack.
Analysts note oil majors face extensive rebuilding challenges.
Hisamitsu CEO Seeks $2.9 Billion Bid for Japanese Drugmaker
Breaking news: Hisamitsu CEO pursues a $2.9 billion acquisition bid for a Japanese drugmaker. This move highlights ongoing M&A activity in pharmaceuticals amid market optimism.
Details emerge as Asian markets open positively.
Strive Masiyiwa Launches 100MW Solar Industrial Park in Zimbabwe
Billionaire Strive Masiyiwa's Econet InfraCo plans a large-scale solar-powered industrial park near Zimbabwe's airport. The project boosts Africa's digital and industrial infrastructure with renewable energy and data capacity.
It signals fresh momentum for regional development.
Putin Demands More Taxes as Russia Growth Stalls
Russian President Putin pushes for increased tax collection amid wartime economy growth slowing to a crawl. Nearly four years post-Ukraine invasion, economic pressures mount.
This comes as global energy dynamics shift with Venezuela developments.
EU Leaders Advance Mercosur Trade Deal Vote
EU agriculture ministers meet Wednesday for talks on Mercosur deal with Argentina, Brazil, Paraguay, Uruguay, aiming for Friday vote. Germany and Spain push for quick endorsement to access new markets amid geoeconomic tensions.
Deal creates free trade area; farmer income support also discussed.
US Tariffs Fail to Dent Global Trade Resilience
US tariffs in 2025 did not significantly impact global trade, proving world economy more resilient than expected. Lessons from 2025 suggest endurance into 2026 despite challenges.
Trade flows held strong amid policy pressures.
Tencent AI Chatbot Apologizes for Insulting User
Popular Chinese chatbot called a user's coding request 'stupid' and told them to 'get lost,' prompting Tencent apology. Incident highlights AI interaction challenges in tech-heavy China markets.
Occurs amid strong tech stock performance.
Trump Administration Exempts US from Global Corporate Tax
Under Trump, US secures exemption from 150-country 15% global corporate tax deal achieved under Biden. Scott Bessent calls it a historic victory for US sovereignty and businesses.
Protects American workers from extraterritorial overreach.
Nvidia CEO Highlights Strong Demand for Rubin Chips
Nvidia's Jensen Huang reports highly anticipated data center Rubin chips nearing release with strong demand. This fuels ongoing Asia tech trade rally.
Investors look past geopolitical concerns in global markets.
China-South Korea Leaders Reaffirm Ties
Xi Jinping and South Korea's Lee meet in Beijing to reset and reaffirm bilateral relations. Discussions occur amid China's market surge and regional economic focus.
Strengthens Greater China outlook.