US survey data rekindled inflation concerns and rising bond yields helped pull the rug out from under a rally on Wall Street on Tuesday.US stocks finished firmly lower, while yields on the popular 10-year US Treasury rose. “A much stronger-than-expected rise in US services prices sent shivers through US stocks,” said market analyst Axel Rudolph at …
Inflation concerns pull rug out from Wall Street rally Read More »
Global stock markets mostly moved higher on Tuesday, with tech and tariffs in the spotlight.Traders were still assessing the tariff plans of incoming US president Donald Trump following a report he may take a more targeted approach than previous stated.”After a sluggish December, US stocks have kicked off the year in style, with tech and semiconductors stealing …
Microsoft CEO Satya Nadella on Tuesday said the company plans to invest $3 billion in India on artificial intelligence (AI) and cloud infrastructure over the next two years. The world’s most populous country has become a key AI battleground in the last few years, as US tech giants look to find new users for their services …
Microsoft announces $3 bn AI investment in India Read More »
Fans and players will get a taste of what the 2034 World Cup in Saudi Arabia will be like when the kingdom hosts the Asian Cup, with officials announcing Tuesday dates and stadiums for the regional showpiece.Saudi Arabia was in December controversially awarded the World Cup but first it hosts the Asian Cup in 2027.The …
Taste of 2034 World Cup as Saudi Asian Cup stadiums named Read More »
Most markets rose in Asia on Tuesday following another rally on Wall Street sparked by tech giants as traders try to assess Donald Trump’s tariff plans following a report he may take a more targeted approach.Eyes were also on the release of closely watched US jobs data at the end of the week after the …
Asian markets mostly up after tech-fuelled Wall St rally Read More »
US Secretary of State Antony Blinken insisted during a visit to Tokyo on Tuesday that ties with Japan were stronger than ever, days after President Joe Biden blocked Nippon Steel’s takeover of US Steel.Business groups say the move could have a chilling effect on Japan’s standing as the biggest foreign investor in the United States, …
Blinken says US-Japan ties solid despite rift over steel deal Read More »
Nippon Steel and US Steel filed suit Monday over US President Joe Biden’s decision to block the Japanese giant’s proposed acquisition of its American rival, accusing his administration of “illegal interference” in the huge transaction.The companies said in a statement that they had initiated legal action in the US court of appeals in Washington challenging …
US Steel and Nippon Steel sue over Biden’s decision to block merger Read More »
US and European markets mostly rose Monday following a report — strongly denied by US President-elect Donald Trump — that his incoming administration was mulling applying tariffs more selectively than he had previously suggested.While the Dow fell on Wall Street, both the S&P 500 and the Nasdaq Composite closed higher, as investors plowed money into the semiconductor …
US, European markets mostly rise as Trump tariff plans in question Read More »
European and US stock markets rose following a report Monday the incoming Trump administration will apply tariffs only on certain sectors, while the dollar was mostly lower against rival currencies.While Wall Street soared after Donald Trump’s election on expectations of tax cuts and deregulation, concerns about his plans to impose hefty tariffs on imports from China and …
European, US stock markets rise as Trump tariff plans in question Read More »
Japan’s prime minister Monday urged Washington to dispel concerns that Joe Biden’s decision to block Nippon Steel’s takeover of US Steel could impact future investments, with the two firms filing a lawsuit challenging the move.The US president’s announcement last week cited a strategic need to protect domestic industry, a move that drew sharp criticism from …
Japan PM says blocked US Steel deal could hit investments Read More »
