WORLD
Hong Kong blaze that killed 94 puts spotlight on missed warnings
Regulators conducted 16 checks on the renovation project and issued repeated written warnings urging the contractor to put proper fire-prevention measures in place — including as recently as last week, according to the Labour Department.
BUSINESS
Asian stocks ebb as global rally loses momentum
Indexes opened lower in South Korea and Japan, while Australia edged higher as equities struggled for direction following the US Thanksgiving holiday.
BUSINESS
Gold poised for fourth monthly gain on Fed rate-cut optimism
Bullion was near $4,170 an ounce on Friday, and up more than 2% for the week.
BUSINESS
Pentagon cited Alibaba on China military aid in October 7 memo
Deputy Defense Secretary Stephen Feinberg informed lawmakers of the conclusion in the Oct. 7 letter, a copy of which was seen by Bloomberg News, to the heads of the House and Senate Armed Services Committees.
BUSINESS
Japan to issue $75 billion in new bonds to fund stimulus
After adding the ¥11.7 trillion, total debt issuance for the current fiscal year will reach ¥40.3 trillion, roughly 4.3% smaller than the previous year.
BUSINESS
Tesla touts China ties as automakers scrutinise supply chain
The carmaker’s Chinese operations are significant, with its Shanghai factory not only its largest production hub but also serving as a primary export center for markets in Asia and Europe.
BUSINESS
Spot platinum jumps as new futures contract in China aids demand
The new contracts, which are physically settled, cater to both institutional and retail investors, widening the pool of participants.
BUSINESS
Canada to add new tariffs to US steel, curb foreign imports
Carney announced the new 25% levy on steel derivative products Wednesday as part of a suite of measures to help producers
BUSINESS
Gold holds gains on rising expectations of US interest-rate cut
Bullion was trading around $4,160 an ounce, supported by a series of comments by Federal Reserve policymakers that point to further monetary easing in the world’s biggest economy
WORLD
Asian stocks look higher as rate-cut rally extends
The S&P 500 rose 0.7% Wednesday, extending its advance after reclaiming its 50-day moving average, a key technical support level. The tech-heavy Nasdaq 100 added 0.9%.
BUSINESS
US stocks log fourth straight day of gains ahead of Thanksgiving break
The S&P 500 Index closed 0.7% higher, putting the benchmark on track for a fourth-straight day of gains. The tech-heavy Nasdaq 100 Index gained 0.87%.
WORLD
Trump loses appeal to revive conspiracy suit against Clinton
The three-judge appellate panel said in its unanimous opinion that Trump’s claims are “untimely and otherwise meritless.”
BUSINESS
Nvidia’s stock is sinking as doubts about its AI dominance grow
Shares of the chipmaker fell 2.6% on Tuesday following a report suggesting that Alphabet Inc.’s AI processors are gaining ground.
BUSINESS
UK bonds, pound whipsaw as investors unconvinced by budget plans
The fiscal watchdog’s report showed the UK increased a buffer it keeps to avoid breaking a key fiscal rule to a larger-than-expected £22 billion ($29 billion).
BUSINESS
HP announces job cuts as profit outlook misses estimates
The PC and printer maker will exit 2028 with gross savings of $1 billion annually as a result of the cuts.
BUSINESS
Indian retail investors dump stocks by most since 2023
Individual investors, including proprietary traders and those who buy stocks directly, have sold 197 billion rupees ($2.2 billion) of local shares on a net basis so far this quarter, according to data from the National Stock Exchange.
BUSINESS
Silver stockpile slump in China poses new risk to a hot market
Reflecting the tightness in China, near-term silver prices have topped later-dated contracts in Shanghai, a pattern known as backwardation that signals short-term pressure.
BUSINESS
SoftBank’s 40% slide from peak shows worry over giant OpenAI bet
The Japanese tech investor sits at the forefront of a global AI selloff amid worries about new pressure on OpenAI following Alphabet Inc.’s Gemini 3.0 debut
WORLD
Space force awards secret contracts for Golden Dome interceptors
The US Space Force has quietly awarded multiple prototype contracts for space-based missile interceptors, advancing President Trump’s ambitious Golden Dome defense program.
WORLD
Was ChatGPT responsible for US teen's death by suicide? OpenAI clarifies after family's lawsuit
In a court filing Tuesday, the artificial intelligence startup called the death of California high school student Adam Raine 'a tragedy'
WORLD
SoftBank completes acquisition of chipmaker Ampere Computing
The Japanese company said in a statement Wednesday that the impact of the deal on its finances and earnings is under review
WORLD
China property crisis thrust back into spotlight by Vanke plunge
Once China’s largest developer and now a bellwether for the nation’s struggles to staunch broader property woes, Vanke plunged in credit markets this week
WORLD
Trump denies reports of firing FBI Director Kash Patel, praises his work
President Trump dismissed claims he might replace FBI Director Kash Patel, calling him “great” amid controversies over Patel’s social media posts and travel.
AUTOMOBILE
Ola’s Bhavish Aggarwal hopes for turnaround with new home battery storage
Investors are balking at joining the company’s new Rs 1,500 crore fundraising plan given the EV maker’s deteriorating sales and financial health
