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Grab Begins Due Diligence for Potential GoTo Takeover

Mar 18, 2025 07:40 am UTC| Business

Grab Holdings Ltd (NASDAQ:GRAB) has initiated due diligence on Indonesias GoTo Group (JK:GOTO) as it explores a potential acquisition, according to Bloomberg News. The Singapore-based ride-hailing and delivery giant is...

HSBC Raises China’s 2025 GDP Growth Forecast to 4.8%

Mar 18, 2025 07:40 am UTC| Business

HSBC has upgraded its economic outlook for China, raising its 2025 GDP growth forecast to 4.8% from the previously projected 4.5%. The bank also revised its 2026 growth estimate to 4.5%, up from 4.4%. This revision...

BlackRock, Vanguard, and State Street Push to Dismiss Texas Antitrust Lawsuit

Mar 18, 2025 07:40 am UTC| Business Law

BlackRock (NYSE: BLK), Vanguard, and State Street (NYSE: STT) have urged a Texas court to dismiss a lawsuit accusing them of conspiring to reduce coal production. The asset management giants, which collectively oversee...

BYD Stock Hits Record High After Unveiling Ultra-Fast EV Charging Platform

Mar 18, 2025 07:40 am UTC| Technology Business

Shares of BYD Co (HK:1211) surged to an all-time high on Tuesday following the companys launch of an advanced electric vehicle (EV) platform with ultra-fast charging technology and plans for a nationwide charging network....

Polymer Capital Expands into Japan with Two New Hedge Funds

Mar 18, 2025 07:40 am UTC| Business

Polymer Capital Expands into Japan with Two New Hedge Funds Polymer Capital Management, a $4 billion multi-manager hedge fund based in Hong Kong, is launching two Japan-focused funds in 2024 to capitalize on growing...

Chevron Increases Hess Stake Amid Pending $53B Acquisition

Mar 18, 2025 04:48 am UTC| Business

Chevron (NYSE:CVX) has acquired 4.99% of Hess Corp (NYSE:HES) shares this year, reinforcing its confidence in completing the $53 billion all-stock acquisition of Hess, according to a regulatory filing on Monday. The...

Alphabet in Talks to Acquire Wiz for $30B, Eyeing Major Cybersecurity Expansion

Mar 18, 2025 04:48 am UTC| Technology Business

Alphabet (NASDAQ: GOOGL), Googles parent company, is in advanced discussions to acquire Israeli cybersecurity firm Wiz for over $30 billion, making it Alphabets largest potential acquisition. The offer surpasses last years...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

U.S.–Russia Talks in Florida Raise Hopes but Reveal Deep Divides Over Ukraine War

U.S. negotiators met Russian officials in Florida over the weekend as the Trump administration intensified diplomatic efforts to help end Russias war in Ukraine, a conflict that began with Moscows full-scale invasion in...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...