Business News
Nasdaq Slides as AI Spending Concerns Trigger Global Tech Rout
Nasdaq slumps amid AI spending concerns, dragging global technology shares lower despite resilient earnings from major companies.
Category: World Business News
World Business News
Bank of Korea Holds Rate at 3.00% but Signals More Hikes as Growth, Inflation Run Hot
The Bank of Korea unanimously held its policy rate at 3.00% after two straight hikes, as Governor Shin Hyun-song said growth and inflation pressures…
World Business News
Nikkei Sinks 2.65% to Near Three-Month Low as AI Spending Doubts Hit Tokyo Electron, SoftBank
Japan's Nikkei 225 fell 2.65% to 62,907.84 on Thursday, its weakest close in nearly three months, as Tokyo Electron, SoftBank Group and Advantest slumped…
World Business News
DeepSeek Raises About US$15 Billion in Tencent, CATL-Backed Round Days After US Agency Ban
Chinese AI developer DeepSeek has raised about 100 billion yuan (US$15 billion) in a round backed by Tencent and CATL, according to reports, days…
World Business News
American Airlines Now Sees 2026 Loss as Fuel Bill Jumps 67.5%, Overshadowing Record Q3 Revenue
American Airlines cut its 2026 outlook to an adjusted loss of US$1.00 to US$1.60 a share after a 67.5% jump in fuel costs outweighed…
World Business News
Nestlé Q3 Organic Growth Accelerates to 4.0% on Volume Gains, Keeps 2026 Guidance
Nestlé's third-quarter organic growth rose to 4.0%, beating forecasts as real internal growth improved to 2.8%, while the Swiss group reaffirmed its 2026 outlook…
World Business News
Meta Revenue Jumps 26% to US$64.6 Billion as Settlement Charge Hits Profit, Unveils Class C Share Split
Meta's Q3 revenue rose 26% to US$64.6 billion, beating forecasts, but a US$9.89 billion legal charge and heavy AI spending cut operating income 37%;…
World Business News
KOSPI Rebounds 3.29% to 5,735.66 as Samsung, SK hynix Jump Over 5% on AI Chip Rally
South Korea's KOSPI jumped 3.29% to 5,735.66 on Wednesday as Samsung Electronics and SK hynix rose more than 5%, foreigners bought 664.6 billion won…
World Business News
Japan’s Exports Rise 16.7% in September on AI Chip Demand but Miss Forecasts
Japan's exports grew 16.7% year on year in September, a 13th straight monthly rise driven by AI-related chip equipment demand, but fell short of…
World Business News
CATL Shares Slump as Q3 Profit Growth Slows to 14.5%, Weakest in Nearly Two Years
CATL's third-quarter net profit rose 14.54% to 21.25 billion yuan, its slowest growth in nearly two years, sending its Shenzhen shares down more than…
World Business News
Adidas Lifts 2026 Profit Outlook to €2.5 Billion After Record Third Quarter
Adidas raised its 2026 operating profit forecast to around €2.5 billion after a record third quarter, helped by a roughly €200 million US tariff…
World Business News
SpaceX Revenue Jumps 161% to US$14.6 Billion as AI Unit Overtakes Starlink
SpaceX's Q3 revenue rose 161% to US$14.6 billion, beating forecasts as its AI unit overtook Starlink; shares jumped about 10%.
Business News
Taiwan Export Orders Hit New Record on AI Boom
Taiwan’s AI-driven export orders reached a record high, while resilient UK labour data reinforced expectations of tighter policy.
World Business News
Trump Warns Kansas Voters US Could ‘Burn Like France’ if Democrats Win Senate Race
Trump linked French unrest to Democratic policies while campaigning in Kansas, backing Senator Roger Marshall in a tight race.
World Business News
KOSPI Sinks 3.73% as Foreign and Institutional Investors Dump 1.54 Trillion Won of Korean Shares
South Korea's benchmark KOSPI tumbled 3.73% to 5,552.74 on Tuesday, briefly dipping below 5,500, as foreigners and institutions sold heavily amid doubts over AI…
World Business News
Japan to Seek 400 Billion Yen More for Chipmaker Rapidus, Taking State Stake to 650 Billion Yen
Japan's industry ministry plans to put a further 400 billion yen into Rapidus over fiscal 2027–2029, lifting total state investment to 650 billion yen…