World Business News
China Holds Loan Prime Rates for 17th Month as PBOC Eyes Shift to Overnight Policy Rate
China kept its one-year and five-year loan prime rates at 3.00% and 3.50% for a 17th straight month, a day after PBOC Governor Pan…
Category: World Business News
World Business News
3M Lifts 2026 Profit Forecast After Q3 Beat, Ties Up Data Centre Deal With Amazon
3M raised its full-year adjusted EPS guidance to US$9.10–9.15 after third-quarter profit topped forecasts, and unveiled an expanded data centre partnership with Amazon backed…
World Business News
Berkshire Backs Bending Spoons’ Bet on Reviving Software Castoffs
Berkshire Hathaway is putting another US$330 million into Bending Spoons, the Milan-based group that buys established apps such as AOL, Evernote and Vimeo and…
World Business News
Carrefour Cuts 2026 Profit Targets as Riots and Curfews in France Hit Stores
Carrefour lowered its 2026 earnings, margin and cash-flow targets after unrest in France damaged about 50 stores and forced closures, even as third-quarter like-for-like…
World Business News
GM Beats Q3 Estimates and Unveils US$20 Billion Buyback, but Narrower Profit Outlook Sends Shares Lower
General Motors posted record quarterly revenue of US$50 billion and adjusted EPS of US$3.70, raised its cash-flow forecast and approved a new US$20 billion…
World Business News
Hyundai Rotem to Buy Hyundai Wia’s Defence Unit for 358.4 Billion Won as Q3 Profit Slips 10%
Hyundai Rotem will acquire Hyundai Wia's gun-barrel making defence division for 358.4 billion won to bring K2 tank main guns in-house, as it reported…
World Business News
Japan’s Dai-ichi Life Makes A$7.9 Billion Bid to Take Full Control of Australia’s Challenger
A unit of Japan's Dai-ichi Life has proposed buying the roughly 80% of Australian annuities specialist Challenger it does not already own at A$11.80…
Business News
China’s Q3 Growth Picks Up to 4.5% on Exports, but Investment Slump Deepens
China's economy grew 4.5% year on year in the third quarter, beating forecasts as exports and September factory output strengthened, while fixed-asset investment fell…
World Business News
US Homebuilder Confidence Slumps to 14-Year Low as Mortgage Rates Top 7%
The NAHB/Wells Fargo Housing Market Index fell three points to 29 in October, its weakest reading since June 2012, as 43% of builders cut…
World Business News
Merck KGaA to Buy Silence Therapeutics for US$1.3 Billion in Rare Blood Disease Push
Germany's Merck KGaA will pay US$20 per ADS in cash for UK-based Silence Therapeutics, a 130% premium, to secure divesiran, a phase 3-ready siRNA…
World Business News
Amazon, AEP and X-energy Eye 960MW Nuclear Plant at Former Indiana Coal Site
AEP, X-energy and Amazon will study a 12-reactor, 960MW small modular reactor project at a retired coal plant site in Indiana, with Amazon funding…
Stocks and Markets
Global Stocks Retreat as Tech Sell-Off Deepens
Global equity markets declined, driven by tech stock sell-off, rising oil prices, and inflation concerns amid geopolitical tensions.
World Business News
Bank of Korea Seen Holding Rate at 3% This Week, With November Hike Still on the Table
Economists polled by Yonhap, Money Today and Seoul Economic Daily expect the Bank of Korea to keep its base rate at 3% on Thursday…
World Business News
Japan’s Katayama Pledges Falling Debt Ratio, Says Tax Cut Will Not Rely on Deficit Bonds
Japanese Finance Minister Satsuki Katayama told the IMF's steering committee in Bangkok that Tokyo's food tax cut and new income-based benefits will be funded…
World Business News
PBOC’s Pan Backs Tougher IMF Watch on Rich Nations’ Fiscal Risks as Bond Rout Rattles Markets
China's central bank chief told the IMF's steering committee in Bangkok that the Fund should step up scrutiny of fiscal risks in major advanced…
World Business News
Bessent, Rubio Defend Trump’s Russia Tariff Waiver, Citing 60-Day Review of Global Economic Fallout
US Treasury Secretary Scott Bessent and Secretary of State Marco Rubio said Trump's waiver of new Russia-linked tariffs is a pause to assess the…