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Alibaba Stock Rises as Tech Giant Unveils Record-Breaking AI Model

Sep 08, 2025 06:41 am UTC| Business Technology

Alibaba Group Holding Ltd (HK:9988) (NYSE:BABA) shares climbed as much as 4% to HK$138.0 in Hong Kong trading on Monday after the Chinese tech giant unveiled its most advanced artificial intelligence model yet. The rally...

Sanofi Upgraded to Overweight by Morgan Stanley on Amlitelimab Outlook

Sep 08, 2025 06:26 am UTC| Business

Morgan Stanley has upgraded Sanofi (EPA:SASY) to overweight from equal-weight, lifting its price target to 100 per share following encouraging clarity on amlitelimab, the companys OX40L antibody for atopic dermatitis....

South Korea Seeks Resolution After U.S. Detains 300 Hyundai-LGES Workers

Sep 08, 2025 06:15 am UTC| Politics Governance Business

South Korean Foreign Minister Cho Hyun will travel to the United States on Monday to address tensions following the detention of around 300 Korean workers at a Hyundai Motor and LG Energy Solution (LGES) battery plant in...

Yunfeng Financial Surges as Jack Ma-Backed Firm Invests $44M in Ethereum

Sep 08, 2025 05:27 am UTC| Business Digital Currency

Shares of Yunfeng Financial Group (HK:0376), backed by Jack Mas Yunfeng Capital, climbed to a seven-week high on Monday after the company revealed a major investment in Ethereum. The Hong Kong-listed financial firm...

Chevron Plans Major Investments in South Korea’s Refining and Petrochemicals Sector

Sep 08, 2025 04:57 am UTC| Business

Chevron is preparing to ramp up investments in South Korea, focusing heavily on refining and petrochemical projects to strengthen its downstream portfolio in Asia. Speaking at the Asia Pacific Petroleum Conference on...

FDA Fast-Tracks Nicotine Pouch Reviews for Major Tobacco Firms

Sep 08, 2025 04:43 am UTC| Business Governance Health

The U.S. Food and Drug Administration (FDA) is set to fast-track reviews of nicotine pouches from Philip Morris International (PMI), Altria, Reynolds American (part of British American Tobacco), and Turning Point Brands in...

Baidu Stock Rises on AI Optimism and New Notes Issuance

Sep 08, 2025 04:23 am UTC| Business Technology

Baidu Inc (HK:9888) (NASDAQ:BIDU) saw its Hong Kong-listed shares climb as much as 4% on Monday, reaching a near six-month high of HK$101.60. The rally extended strong gains from last week, helping lift the Hang Seng index...

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Economy

U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher

Marchs Consumer Price Index is expected to post its sharpest monthly increase in nearly four years, driven by skyrocketing oil prices tied to the U.S.-Iran conflict and the ongoing ripple effects of import tariffs. The...

Asian Stocks Rally on Ceasefire Hopes and Bargain Buying

Asian equity markets climbed higher on Friday, driven by cautious optimism surrounding ceasefire negotiations between Iran and the United States. Regional benchmarks were also on track to close out the week with strong...

White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets

The White House issued an internal warning to staff on March 24, cautioning employees against exploiting their government positions to gain an unfair advantage in financial futures markets. The directive came just one day...

U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

U.S. stock index futures edged slightly lower Thursday evening as investors exercised caution ahead of high-stakes ceasefire negotiations between Washington and Tehran, while bracing for a closely watched inflation report....

Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire

President Donald Trump publicly criticized Iran on Thursday over its handling of oil shipments through the Strait of Hormuz, escalating tensions just days after a tentative ceasefire agreement between Washington and...

Politics

Global Elections 2026: What Investors and Markets Are Watching

Political uncertainty is sweeping the globe in 2026, with a series of high-stakes elections poised to reshape economic policies and rattle financial markets. From Eastern Europe to South America, investors are keeping a...

Xi Jinping and KMT's Cheng Li-wun Meet in Beijing Amid Cross-Strait Tensions

Chinese President Xi Jinping met with Kuomintang (KMT) Chairwoman Cheng Li-wun in Beijing on Friday, emphasizing that people on both sides of the Taiwan Strait share a common Chinese identity and that the future of...

Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict

Airline pilots expressing safety concerns about flying through Middle Eastern airspace are reportedly facing threats of lost wages or termination if they decline assignments, according to Ron Hay, president of the...

Iran Denies Negotiating Team Traveled to Pakistan for U.S. Talks Amid Ceasefire Uncertainty

Iran has firmly rejected reports suggesting that a diplomatic delegation traveled to Islamabad to engage in negotiations with the United States, calling the claims entirely false. The denial was issued through state-linked...

U.S.-Iran Ceasefire Under Pressure Ahead of Pakistan Peace Talks

A fragile two-week ceasefire between the United States and Iran is showing serious cracks just one day before scheduled peace negotiations in Pakistan. Washington has accused Tehran of violating commitments related to the...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...