Economy
HSBC sells Singapore insurance unit to Allianz for $2.09 billion
The German insurer acquires HSBC's life insurance operations in a deal that values the business at over two billion dollars.
Japan core CPI rises 1.6% in June, matching forecasts
The increase marks the first rise in the index since March but remains below the central bank's target.
Defense Tech Firm Lyntris Files for US Initial Public Offering
The Trive Capital-backed company seeks to list its shares on a US exchange, marking its entry into the public markets.
Oracle signs $7 billion software deal with US Pentagon
The 10-year agreement covers on-premises services as part of a defense department consolidation effort.
Dangote Refinery Secures $2.5 Billion in Private Share Placement
Africa Finance Corp and Afreximbank join investors as the Nigerian firm prepares for a major initial public offering.
Patreon cuts 20% of workforce amid restructuring
CEO Jack Conte cites market shifts and cost adjustments, denying that artificial intelligence is replacing human roles.
US crypto sector to contribute $55 billion to economy in 2026
A new industry-funded report projects the sector will support 232,000 jobs despite a direct workforce of only 34,000.
Honda Teases New American-Built Pickup Truck as CR-V Leads U.S. Sales
The automaker hints at a next-generation Ridgeline with a tougher design, though launch timing remains unclear.
Coinbase rolls out AI agent payment system, calls it 'most high-conviction bet'
The crypto exchange is enabling businesses to accept payments directly from AI bots using the x402 protocol, rolling out this week.
T-Mobile US Earnings Beat by $0.27, Revenue Misses Estimates
The mobile carrier posted a per-share profit above analyst forecasts, but sales came in below expectations.
Turkey's BIST 100 Index Closes 0.43% Lower
The benchmark index fell about 61.2 points at the end of trading.
Goldman Sachs CEO Backs Clarity Act Amid Banking Industry's Stablecoin Concerns
David Solomon breaks with other major bank leaders who oppose key provisions in the crypto market-structure bill.
Comcast reports Q2 results and announces business split
The company also announced plans to split its cable and media businesses, while Peacock posted its first profit.
Coinbase plans 25% headcount increase in Singapore office: report
The cryptocurrency exchange aims to grow its team from 150 to about 200 employees by end of 2026.
10-Year Treasury Yield Tops 4.7%, Highest Since January 2025
Yield rose Wednesday; oil price surge and jobless claims data in focus
Blackstone says withdrawal pace slowing at flagship private credit fund
Investor concern over potential losses had led to a surge in redemption requests earlier this year.
Kazakhstan Plans Crypto Mining Rules Tied to State Reserve
New regulations would require miners to meet infrastructure standards and transfer part of their output to a state-backed reserve.
US Initial Jobless Claims Fall to Lowest Level Since 1969
New filings for unemployment insurance dropped last week.
Comcast's Peacock Records First Quarterly Profit on World Cup, Love Island USA
The streaming service achieved profitability for the first time, boosted by major content events.
Nestlé spins off waters unit into $5.6B joint venture with Platinum Equity
The deal for half of Nestlé's water business, valued at up to $5.6 billion, comes with naming and valuation details from various sources.
US Futures Drop as AI Spending Concerns and Middle East Attacks Weigh
Oil prices near $100 as markets assess widening regional attacks and tech sector earnings.
Brent Crude Oil Surges Near $100 on Tanker Attacks and US-Iran Tensions
The sharp increase marks the highest price level since late May, driven by geopolitical tensions in the Middle East.
Malaysia and Hong Kong Regulators Agree to Ease Dual IPO Listings
The agreements aim to broaden cross-market access and allow Malaysian firms to pursue secondary listings in Hong Kong.
US oil refineries run at breakneck speeds as wars choke fuel supplies
High utilisation rates aim to counter supply disruptions but raise outage risks, analyst warns
East West Bancorp Q2 2026 Earnings Beat, Shares Slip
The California-based bank reported better-than-expected results for the quarter, yet its stock price moved lower.
BitMEX to shut down after 11 years in crypto derivatives
The exchange, co-founded by Arthur Hayes, introduced 100x leverage perpetual swaps and will close on September 23.
Kakao Group and Circle to Explore Won Stablecoin Payment Infrastructure
The partnership aims to develop payment solutions involving stablecoins, remittances, and tokenized financial services in South Korea.
Victoria PLC secures 90% bondholder support for debt restructuring
The UK carpetmaker avoided a costly court process after HSBC backed the plan at the last minute.
EasyJet Profit Drops 70% on Higher Fuel Costs and Weaker Demand
The UK budget carrier reported a sharp decline in quarterly profit amid increased fuel expenses and reduced consumer demand tied to the Middle East conflict.
TotalEnergies Q2 profit jumps 68% to $6.03 billion on war-driven crude prices
The French oil major's earnings surge highlights how energy companies benefit from geopolitical turmoil.