Latest Finance-Economy News
AI Trade Slumps After Broadcom and Oracle Earnings
Last week, Dow Jones rose 1.05%, S&P 500 fell 0.6%, Nasdaq lost 1.6% amid AI sector weakness. Oracle reported ~US$10B quarterly cash burn and US$50B FY2026 capex, highlighting hyperscale risks. Big tech like Nvidia and Broadcom declined as bubble worries intensified.
China Considers Record US$70 Billion Chip Incentive Program
Beijing plans world's largest state-backed chip support to boost self-sufficiency amid US export curbs. This elevates China's semiconductor push against restrictive controls. The move targets advanced chips and equipment restrictions.
SpaceX Advances Toward 2026 IPO at Up to US$1.5 Trillion Valuation
SpaceX eyes 2026 IPO with revenue projected at US$15B in 2025, rising to US$22-24B in 2026, driven by Starlink. EchoStar and Rocket Lab shares surged on related news. This puts US$2.9T in listings back on table.
Bank of Japan Expected to Hike Rates to 0.75%
BoJ widely anticipated to raise target rate 25bps Thursday amid JGB concerns and yen depreciation. Governor Ueda signals potential further tightening in 2026. New PM's 楼18.3T stimulus includes AI and shipbuilding subsidies.
Fed Cuts Rates Amid Weakening Labor Market
FOMC cut rates 25bps, noting unemployment rise to 4.4% and elevated inflation. Projections show growth pickup to 2%, inflation to 2% long-term. Added reserve management with US$40B Treasury bill purchases.
EU Locks Up Russian Assets Until Ukraine War Ends
EU to secure Russia's frozen assets in Europe for war compensation, blocking Hungary/Slovakia vetoes. Divisions deepen over legal and financial risks. Assets held until Russia compensates damages.
India Approves 100% FDI in Insurance, Upgrades Growth Forecast
India opens insurance to full foreign investment amid stable 0.71% inflation. ADB raises FY26 growth to 7.2% on consumption and tax benefits. Signals openness amid global contrasts.
Thailand Central Bank to Cut Rate to 1.25%
Expected 25bps cut Wednesday after Q3 contraction and -0.5% CPI. Tourism soft, core inflation at 0.7%. Follows August cut, skipping October.
Microsoft Pledges US$7.5B AI Data Center Expansion in Canada
Microsoft to invest US$7.5B in AI infrastructure, committing to Canada's digital sovereignty. Part of broader hyperscale buildouts facing financing risks. Highlights AI spending trends.
China Trade Surplus Surges on Defensive Exports
Record surplus from diverting goods to EU amid US barriers and collapsed domestic demand. Inflation at 0.7%, producer prices -2.2%. Signals industrial deflation.
UK Economy Grows Tepidly, Trade Deficit Widens
October growth at 1.1%, missing forecasts; deficit quadruples to 拢4.82B. EU pushes India FTA to offset weak demand. Faces twin drag of slowing output.
Banxico Expected to Cut Rates 25bps, Signals Caution
Mexico's central bank to ease 425bps since 2024, but less dovish tone anticipated. Key watch on further cuts amid inflation trends. Decision Thursday.