BUSINESS
Pop Mart shares slump most since April on JPMorgan downgrade
The Chinese toymaker’s stock slumped nearly 9% in Hong Kong to the lowest level in more than a month. It is still up more than 180% year-to-date and remains the top performer on the Hang Seng Index
BUSINESS
Aluminum heads for longest winning streak in a year before Fed
Benchmark aluminum on the London Metal Exchange rose alongside equities in Asia, with the metal on track for the longest run of gains in more than a year
BUSINESS
Trump expects a ‘big cut’ from Federal Reserve this week
Trump has been putting pressure for months on Fed Chair Jerome Powell to cut rates and repeatedly encouraged him to resign
BUSINESS
South Korea scraps plans to raise capital gains tax
The decision follows months of opposition from Lee’s core voter base, many of whom are retail investors
BUSINESS
Gold trades near record high as Fed expected to cut rates
Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks.
WORLD
North Korean hackers used ChatGPT to help forge deepfake ID
The trend shows that attackers can leverage emerging AI during the hacking process, including attack scenario planning, malware development
BUSINESS
Uncertainty on tariffs hurt; paying them is worse, survey shows
That’s among the takeaways from a survey of 336 small to mid-size companies by Freightos, a Barcelona-based cargo booking platform
WORLD
Fed debate turns to pace of cuts amid heavy Trump pressure
A cut this week, however, won’t necessarily set the Fed on a smooth glide path to lower rates
WORLD
US, China officials kick off economic, trade talks in Madrid
Delegations led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng arrived at the venue in Madrid Sunday afternoon
WORLD
Global 36-hour interest-rate spree heralds first US cut of 2025
The standoff over Fed policy, pitting Trump’s strident calls for lower borrowing costs against Chair Jerome Powell’s concerns about tariff-driven inflation, hangs over the meeting
BUSINESS
Politics drive investment divide in Southeast Asia’s top markets
Foreign investors have pulled $653 million from Indonesia’s stock market this month, the worst period of selling since April as violent protests and the abrupt replacement of the finance minister rock the country.
WORLD
China starts probes targeting US semiconductor sector
The probes comes shortly after the US added 23 more China-based companies to its entity list
BUSINESS
Musk says SpaceX to fly bigger, fully reusable starship in 2026
The newer Starship will be capable of carrying more than 100 tons of payload to orbit, the SpaceX chief executive officer said, speaking via video at an All-In Podcast conference on Tuesday.
BUSINESS
Tesla’s chair says only Musk can lead company’s next phase
“He is a generational leader,” Robyn Denholm said Friday on Bloomberg TV. “There aren’t any other people out there like Elon who can actually lead the company over the next decade or so.”
BUSINESS
Hedge funds slash bullish oil bets to lowest ever amid OPEC hike
Extreme bearish posturing may be tempered by geopolitical risks, including Ukrainian drone strikes on Russian energy infrastructure and the ongoing conflict in the Middle East.
BUSINESS
Satya Nadella-backed Groww to file IPO papers as early as next week: Report
Backed by Microsoft Corp. Chief Executive Officer Satya Nadella, Groww is seeking to raise between $650 million and $800 million at a valuation of up to $8 billion
WORLD
US proposes broad G-7 sanctions on Russian energy to end war: Report
The proposal poses a challenge given that several nations in the EU, including Hungary, have blocked more stringent sanctions targeting Russia’s energy sector
BUSINESS
Elon Musk's Tesla pivots to robots as investors question sales and soaring valuation
Musk earlier this month declared on his social-media platform X that about "80% of Tesla’s value will be Optimus," referring to the company’s robot initiative.
BUSINESS
India is said to plan $3.4 billion railway lines near China border: Report
India has separately constructed 1,700 kilometers of rail lines in the northeastern region in the past decade, the people said.
BUSINESS
Giorgio Armani’s will names LVMH, essilor, L’Oreal preferred stake buyers
Giorgio Armani left his closely held Giorgio Armani SpA to his foundation, family members and partner Leo Dell’Orco
BUSINESS
China says trade tensions, pandemic made emissions cuts tough
Controlling emissions intensity has been ‘more challenging,’ China’s Minister of Ecology and Environment Huang Runqiu said in a speech this week
BUSINESS
Singapore to announce shareholder ‘value unlock’ plans this year
Singapore has already unveiled a range of measures to encourage more participation in trading its stocks, and the government-led review group has said it continues to look for more ways
BUSINESS
Vietnam warns of major data theft after credit center hacked
The national cyberresponse team is taking emergency measures to deal with the incident, the government said on its website
BUSINESS
China aims to more than double energy storage capacity by 2027
The battery systems, known in China as “new type” of storage to set them apart from hydro-pumped technology, should ensure smooth grid integration of renewable power from intermittent sources such as solar and wind.
