Bloomberg Markets

China Property Moves to Fuel 30% Hit to Land Sales, Goldman Says

China’s recent overhaul of the way homes are sold will exacerbate already stretched local government finances, fueling a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said.

business  4d ago

Financial Times

Indonesia shuts airports as volcano erupts

Anak Krakatau spews smoke and ash as cancellations and delays leave more than 170,000 passengers stranded

business  4d ago

Bloomberg Markets

Won Climbs to Two-Year High With Rally Momentum at Extremes

The South Korean won advanced to its strongest level in nearly two years Monday, helped by a rally in semiconductor stocks and continued foreign inflows into the country’s benchmark equity index.

business  4d ago

Bloomberg Markets

Indonesia Extends Airport Closures as Volcano Disruptions Linger

Indonesia extended airport closures and halted free school meals in some areas as ash from Mount Anak Krakatau continued to disrupt activities.

business  4d ago

Yahoo Finance

Meta’s $18 Billion Teen Safety Deal Puts the Pressure on TikTok and YouTube Next

business  4d ago

Yahoo Finance

Tesla (TSLA) Rolls Out its Safety Numbers ahead of a Make-or-Break EU Vote

business  4d ago

Bloomberg Markets

War-Tested Oil Traders Descend on Singapore as Fresh Risks Loom

Global oil markets are showing fresh signs of strain after months of war, as conflict-weary traders, anxious buyers, and under-pressure executives huddle in Singapore for the region’s main industry gathering.

business  4d ago

Yahoo Finance

VinFast Auto (VFS) Quietly Pumps the Brakes on Its India Manufacturing Plans

business  4d ago

Yahoo Finance

Ford (F)’s Third Recall in a Week Hits Nearly 149,000 Mustangs

business  4d ago

Bloomberg Markets

Japan’s Nikkei Gains as Tech Tailwinds Help Balance Macro Nerves

Japan’s Nikkei 225 climbed as tech stocks followed their US peers higher after Friday’s rally. Gains on the broader Topix were smaller as concerns about the yen and bond yields limited risk appetite.

business  4d ago

Yahoo Finance

Keurig Dr Pepper (KDP) Cashes Out of Chobani to Clean Up its Books Before a Split

business  4d ago

Yahoo Finance

GoPro (GPRO) Trades its Camera Story for an AI Data Center One, and Investors Cheer

business  4d ago

Yahoo Finance

Microsoft (MSFT)’s Outlook and OpenAI’s ChatGPT Work Both Broke the Same Day

business  4d ago

Yahoo Finance

Rivian (RIVN) Loses its CFO to GE Vernova (GEV) Right in the Middle of its Biggest Bet Yet

business  4d ago

Bloomberg Markets

Morgan Stanley Banker in Australia Says Bathla Is ‘Hammer Blow’

Morgan Stanley’s investment banking chief in Australia said the collapse of Bathla Group will have significant impacts on the economy at a time when sliding house prices could curb consumer spending.

business  4d ago

Yahoo Finance

Lucid (LCID)’s Biggest-Ever Recall Hits More Cars Than it Sold All Last Year

business  4d ago

Bloomberg Markets

Bathla Seeks Stopgap Funds as $2.5 Billion Debt Crisis Escalates

Bathla Group, the insolvent Australian property developer that’s shaken the nation’s real estate and private credit market, faces new tests at the start of the week.

business  4d ago

Bloomberg Markets

Japan's Go President Eyes Expansion in Asia, Robotaxis

Go, the taxi booking app operator that pulled off Japan’s biggest initial public offering this year, is eyeing ways to expand domestically and across Asia, and doesn't see competitors like Uber as a threat. Go President Hiroshi Nakajima spoke exclusively with Bloomberg's Shery Ahn about Japan's unique ride-hailing market and future opportunities like robotaxis. (Source: Bloomberg)

business  4d ago

Yahoo Finance

General Motors (GM) Commits Over C$1 Billion to Canadian Plants as Workers Ratify New Deal

business  4d ago

Bloomberg Markets

Japan Likely Sold Treasuries to Fund Record Yen Intervention

Japan likely sold a portion of its holdings of foreign securities, including US Treasuries, to finance its record currency intervention over the past month.

business  4d ago