India’s market regulator has accused Bank of America of improperly sharing material nonpublic information related to a major block trade in 2024 and of misleading investigators during a subsequent probe, reported Wall Street Journal, citing people familiar with the matter. The allegations stem from a yearlong investigation by the Securities and Exchange Board of India […]
Samsung Electronics expects record, above-consensus earnings for the final quarter of 2025, underscoring the scale of an artificial-intelligence-driven rebound in the global memory-chip market. The South Korean technology giant said demand linked to AI infrastructure has pushed chip prices sharply higher, restoring its semiconductor business as its main profit engine. In preliminary results released Thursday, […]
Asian markets traded unevenly on Thursday as investors weighed geopolitical risks, mixed signals from the US labour market, and sharp moves in commodities, while corporate earnings optimism was led by Samsung Electronics, which expects record quarterly profits on the back of an AI-driven memory chip boom. The day’s developments also included escalating US actions on […]
Global copper demand is projected to increase by 50% by 2040, driven by growth in the artificial intelligence and defense sectors. However, according to the consultancy S&P Global, annual supplies are expected to face a shortfall of over 10 million metric tons unless recycling and mining efforts are increased. Copper’s enduring popularity stems from its […]
Germany’s industrial sector showed an unexpected burst of activity in November, offering a more nuanced picture of demand conditions in Europe’s largest economy. Fresh data released on Thursday pointed to a sharp monthly rise in orders, defying market expectations of a decline. The headline gain was shaped largely by large-scale contracts, while underlying demand improved […]
JPMorgan Chase has agreed to take over the Apple credit-card program from Goldman Sachs, marking a significant shift in the US consumer finance landscape and bringing an end to Goldman’s troubled foray into mass-market lending. Under the deal, JPMorgan will become the new issuer of the Apple Card, one of the largest co-branded credit-card programs […]
Shares of Tesco fell more than 5% on Thursday after the UK’s largest supermarket reported like-for-like sales growth that came in below market expectations, overshadowing a solid performance over the crucial Christmas trading period. The retailer said the group’s like-for-like sales rose 3.1% in its third quarter, while sales over the Christmas period increased 2.4% […]
Applied Digital stock rose by 7% in premarket trading on Wednesday after the data center operator reported second-quarter revenue that comfortably beat Wall Street expectations, underscoring strong demand for large-scale infrastructure tied to artificial intelligence workloads. The company said revenue more than tripled year on year in the quarter, while losses narrowed significantly, as it […]
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The growing disparity in pricing can be attributed to two key factors affecting global jet […]
The calendar may have turned, but for Nvidia, the familiar strains of geopolitics continue to loom large. As the world’s leading maker of artificial intelligence chips, the US company remains caught between Washington’s tightening grip on advanced semiconductor exports and Beijing’s determination to reduce reliance on foreign technology. In December, US President Donald Trump had […]