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BUSINESS1d agoIMF global economic forecast shows 'resilience under strain'The International Monetary Fund (IMF) forecasts that global economic output will slow to 3.1% this year in spite of geopolitical disruptions, but warns that high inflation and AI share valuations could be risks for financial stability. Also in this edition: Russia says it has exported $320 billion worth of oil and gas to European countries since the start of the full-scale invasion of Ukraine in 2022, despite sanctions. Plus: Dangote refinery extends its IPO deadline by two weeks to attract even more retail investors.France 24 [en]
BUSINESS1d agoBiggest stock movers Tuesday: SIX, MU, and moreThis article reports on the biggest stock movers for Tuesday, indicating significant daily changes for specific companies like SIX and MU.Seeking Alpha Tech
BUSINESS1d agoChip selloff deepens amid AI trade fears, rising Chinese competitionThe selloff in the chip sector is deepening, attributed to concerns over AI trade and increasing competition from China.Seeking Alpha Tech
BUSINESS1d agoStock futures mixed as big bank earnings loomStock futures are showing mixed performance as investors anticipate upcoming earnings reports from major banks. This reflects market uncertainty ahead of key financial disclosures.Seeking Alpha Tech
BUSINESS1d agoRoche signs $1.16B obesity drug deal with China’s Rona TherapeuticsRoche has signed a $1.16 billion deal with Rona Therapeutics from China for an obesity drug. This represents a significant collaboration in the pharmaceutical industry.Seeking Alpha Tech
BUSINESS1d agoMicron slips below $1K for first time since SeptemberMicron's stock price has fallen below $1000, a level not seen since September. This indicates a recent dip in the company's market valuation.Seeking Alpha Tech
BUSINESS1d agoLVMH sales miss growth forecasts as China luxury demand slowsLVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.EuroNews [en]
BUSINESS1d agoIMF forecasts 3.1% global growth in 2026, says economic resilience under strain“The global economy is again proving resilient, but unevenly so and with rapidly narrowing margins of adjustment in the near term,” the report added. The post IMF forecasts 3.1% global growth in 2026, says economic resilience under strain appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoEquinor signs third long-term gas deal with Eneco this yearEquinor has signed its third long-term gas deal with Eneco this year, indicating ongoing collaboration and stable energy supply agreements between the two companies. This reflects significant activity in the energy sector's corporate partnerships.Seeking Alpha Tech
BUSINESS1d agoBP expects up to $4.5B in Q3 impairments as refining margins jumpBP is projecting up to $4.5 billion in impairments for the third quarter, despite a simultaneous increase in refining margins. This indicates a complex financial outlook for the energy company.Seeking Alpha Tech
BUSINESS1d agoYouGov Non-GAAP EPS of 30.20p, revenue of £396.6MYouGov announced Non-GAAP EPS of 30.20p and revenue of £396.6 million. These figures provide an update on the company's financial performance.Seeking Alpha Tech
BUSINESS1d agoCathie Wood warns of ‘vicious’ memory chip cycles as China adds capacityA prominent investor warns of intense market cycles in the memory chip industry, citing China's increasing production capacity as a contributing factor. This highlights potential volatility and competition in the global tech market.Seeking Alpha Tech
BUSINESS1d agoEuronews tops rankings as fastest growing English-language news websiteEuronews is the fastest-growing news website in the English-speaking world for the second month in a row, nearly doubling its audience as rivals shed readers.EuroNews [en]
BUSINESS1d agoChinese billionaire featured in ‘American Factory’ shares lesson for firms going globalChinese billionaire Cao Dewang, whose glass-making empire was featured in the Oscar-winning documentary American Factory, has urged Chinese investors expanding overseas to respect local laws, regulations and culture, drawing on decades of experience building a global manufacturing business amid shifting US-China relations. Speaking at the University of Hong Kong (HKU) on Monday, the founder of Fuyao Glass said the approach had been central to the firm’s success in the US and warned against...South China Morning Post
BUSINESS1d agoCNBC Daily Open: 'Boring' trumps disorder and volatilitySome warning lights are flashing on the global economy dashboard.CNBC
BUSINESS1d agoGoldman Sachs upgrades global equities to overweight, favoring U.S. and AsiaGoldman Sachs has upgraded global equities to overweight, specifically favoring investments in the U.S. and Asia. This signals a positive outlook on these markets from a major financial institution.Seeking Alpha Tech
BUSINESS1d agoTable Of IMF Economic Growth ForecastsThe Fund projected global economic growth at 3 per cent in 2026, with a call for African governments to protect vulnerable households. The post Table Of IMF Economic Growth Forecasts appeared first on Channels Television.Channels TV
BUSINESS1d agoNokia divests Enterprise Campus Edge unit to AURELIUSNokia has divested its Enterprise Campus Edge unit to AURELIUS. This represents a significant transaction in the telecommunications and enterprise technology sectors.Seeking Alpha Tech
BUSINESS1d agoLufthansa Group boosts Japan network with up to 50 flights per week from summer 2027Due to a ‘strong increase in demand’, the group’s airlines will offer up to 50 weekly flights to four Japanese airports next summer.EuroNews [en]
BUSINESS1d agoBroadcom CEO sees viable OpenAI business but warns of AI funding constraintsThe CEO of Broadcom believes OpenAI's business model is viable but also cautioned about potential funding limitations for artificial intelligence development.Seeking Alpha Tech
BUSINESS1d agoMDA Space gains Czech arms maker CSG as largest shareholder in 9.5% dealMDA Space has gained Czech arms maker CSG as its largest shareholder following a 9.5% deal. This transaction signifies a significant investment and change in ownership structure for the space company.Seeking Alpha Tech
BUSINESS1d agoAsian markets mixed as tech sell-off and AI concerns weigh; RBA minutes and IMF outlook in focusAsian markets are experiencing mixed results due to a tech sell-off and concerns about AI, with the Reserve Bank of Australia minutes and the IMF outlook being key factors. This matters as it reflects the current economic climate and future financial outlook.Seeking Alpha Tech
BUSINESS1d agoBitcoin, XRP, ETH decouple from tumbling Korean stocksBitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday’s US CPI report.headtopics · united states of america
BUSINESS1d agoBlur NFT marketplace to shut down after volume crashes 99.5%Blur will close its NFT marketplace website on Nov. 12 after trading volume collapsed from $1.43 billion to under $7 million. The decision follows the recent shutdown announcement of sister project Blast and highlights severe contraction in the crypto trading sector.headtopics · united states of america
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