Business
Berkshire tops 10% in Sumitomo and Marubeni
Berkshire Hathaway has crossed the 10% ownership threshold in two more Japanese trading houses, Sumitomo Corp and Marubeni Corp, according to disclosures…
Category: Business
Business
Eurozone business activity contracts for first time in 18 months, deepening ECB dilemma
Final data released on Wednesday confirmed that Eurozone business activity contracted in April for the first time in nearly a year and…
Business
PetroChina, CNOOC tumble as U.S.-Iran deal hopes send oil below $100
Reports of progress toward a US-Iran agreement to end hostilities and reopen the Strait of Hormuz sent oil prices plunging on Wednesday,…
Business
European stocks edge higher as Tehran weighs US peace deal
European stocks edged higher Thursday as investors weighed the prospect of a negotiated end to the US-Iran war, with oil prices continuing…
Business
BNY launches crypto custody in Abu Dhabi, a first for a U.S. megabank in the Middle East
BNY, the world's largest custodian bank overseeing $59.4 trillion in assets, announced on Thursday a strategic collaboration with Finstreet Limited and the...
Business
GSK signs $1B deal with China’s SiranBio for fat-targeting RNA therapy
GSK has agreed to pay $55 million upfront and up to $1.005 billion in milestone payments to China's Suzhou Siran Biotechnology (SiranBio)…
Business
PBOC sets yuan fixing at strongest level since March 2023
The People's Bank of China set the yuan's daily reference rate at 6.8487 per dollar on Thursday, the strongest fixing since March…
Business
Bloomberg Commodity Index hits 13-year high as Iran war disrupts global supply
The Bloomberg Commodity Index has surged to 141 points, surpassing the 2022 energy crisis peak and reaching its highest level since February…
Business
Goldman Sachs sees AI profit inflection within a year
Goldman Sachs released a report on May 5 arguing that the artificial intelligence industry is at the cusp of a transformation from…
Business
ECB’s Villeroy says June rate hike not guaranteed
European Central Bank policymaker François Villeroy de Galhau said on Thursday that the central bank's next move should be 'guided by the…