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BUSINESSOct 7Robust AI spending sets investors up for another bumper US earnings seasonS&P 500 earnings are forecast to rise 27% against a backdrop of stock market highs and elevated longer-term borrowing costsFinancial Times
BUSINESSOct 7Brussels looks to capture Big Tech through tax on large corporationsEuropean Commission considers a broad levy on all large companies to avoid singling out US digital services groupsFinancial Times
BUSINESSOct 7What comes next with the energy shock?The disruption to oil supply, oil prices and the world economy has been surprisingly manageable so farFinancial Times
BUSINESSOct 7Viral trapped shark in South Korea brings tourism, retail windfall to BusanA marooned three-metre-long (nine feet) shark in South Korea has drawn more than a million visitors to the coastal city of Busan, boosting local retail sales and triggering a trademark war, as authorities rush to stop opportunistic vendors from cashing in on the viral phenomenon. The shark, nicknamed “Bukangi” in reference to the park where it has become trapped, has become an internet darling and tourist sensation after non-stop local media coverage about multiple failed efforts to encourage it...South China Morning Post
BUSINESSOct 7US stock market hits all-time high as investors bet big on AIThe benchmark S&P 500 is up 14 percent this year despite elevated oil prices and US government debt sell-off.Al Jazeera [en]
BUSINESSOct 7Naira depreciates to N1,362/$ in parallel marketThe Naira yesterday depreciated to N1,362 per dollar from N1,357 in the parallel market on Monday. The post Naira depreciates to N1,362/$ in parallel market appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7BHP sells shuttered Kambalda nickel plant in Australia to Gold FieldsBHP has sold its closed Kambalda nickel plant in Australia to Gold Fields. This represents a notable business transaction in the mining industry.Seeking Alpha Tech
BUSINESSOct 7The taxman comes for China’s offshore richesThe crackdown has rattled the country’s wealthiest people and the businesses in Hong Kong, Singapore and Tokyo that manage their moneyFinancial Times
BUSINESSOct 7Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recoveryIran's move to step up attacks on tankers which are transiting through the Strait of Hormuz has also led to renewed worries over oil supplies among traders.CNBC
BUSINESSOct 7Chinese woman snaps up nearly 200 parking spaces to flip to neighbours for profitA woman in central China invested 14 million yuan (US$2 million) to acquire 196 parking spaces in a residential community, later selling them at a significant mark-up, which led to furious residents suing her. The lawsuit centred around a residential block, the name of which was not disclosed, located in Changsha, Hunan province. The property project was completed and put on the market in 2018. At the time, many were sceptical about the community’s prospects due to a lack of essential public...South China Morning Post
BUSINESSOct 7Beer shipments are declining, cartel allegations emerge just before tax cuts, pouring cold water on "business opportunities"Beer shipments are decreasing, and cartel allegations have surfaced just before anticipated tax cuts, which could negatively impact potential business opportunities within the industry.Asahi Shimbun
BUSINESSOct 7Former Takenaka Corporation director re-arrested on suspicion of breach of trust in large roof ring fence constructionA former director of Takenaka Corporation has been re-arrested on suspicion of breach of trust related to the construction of a large roof ring fence. This indicates an ongoing investigation into corporate misconduct.Asahi Shimbun
BUSINESSOct 7Middle East oil flows reach 80% of pre-war levels, Shell CEO Sawan saysAccording to Shell CEO Sawan, Middle East oil flows have recovered to 80% of their pre-war levels. This signifies a substantial rebound in oil production and supply from the region.Seeking Alpha Tech
BUSINESSOct 7Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes nextFormer BitMEX CEO Arthur Hayes says the AI infrastructure boom is being overbuilt and is betting an eventual crash and bailout will send crypto higher.CNBC
BUSINESSOct 7Constellation Energy's sweeping nuclear deal sparks rally in power sector stocksA nuclear deal by Constellation Energy led to a rally in power sector stocks, indicating significant market movement and business impact.Seeking Alpha Tech
BUSINESSOct 7Penguin Solutions expects FY2027 net sales of ~$2.43B with EPS of ~$4.45, driven by AI infrastructure and memory demandPenguin Solutions projects fiscal year 2027 net sales of approximately $2.43 billion and earnings per share of about $4.45, primarily propelled by demand for AI infrastructure and memory. This forecast highlights future growth expectations in the technology sector.Seeking Alpha Tech
BUSINESSOct 7US bank employee pleads guilty to laundering $4.8 million to ColombiaUn trabajador bancario en EE.UU. admitió haber lavado 4,8 millones hacia Colombia, explotando su cargo en una entidad financiera.El implicado, de Florida, creó cuentas falsas y desbloqueó tarjetas para una red de lavado, recibiendo sobornos a cambio.Clarín
BUSINESSOct 7Land sales offer only temporary relief for West Kowloon arts hub, experts warnHong Kong’s West Kowloon Cultural District is betting on property development to ease its financial pressures amid a widening operating deficit, but experts have warned that land sales will only provide temporary relief and cannot replace a sustainable long-term funding model for the arts hub. The warning comes as the West Kowloon Cultural District Authority prepares to tender a prime residential site in the first half of next year, a potentially lucrative project that property experts expect to...South China Morning Post
BUSINESSOct 6G7's 100M-barrel diesel stocks release looks mostly priced in, analyst saysAn analyst suggests that the G7's planned release of 100 million barrels of diesel stocks is largely already accounted for in market prices. This implies that the market has anticipated and absorbed the impact of this major energy policy decision.Seeking Alpha Tech
BUSINESSOct 6What audiences could expect from Paramount-Warner merger into SkydanceCBS News' parent company, Paramount Skydance, merged with Warner Bros. Discovery on Tuesday, creating a new company now called Skydance. Jo Ling Kent reports on what this means for audiences.CBS News
BUSINESSOct 6Neogen outlines FY 2027 revenue of $885M-$890M and adjusted EBITDA of $181M-$183M as Petrifilm transfer nears startNeogen has provided its financial outlook for fiscal year 2027, projecting revenues between $885 million and $890 million and adjusted EBITDA of $181 million to $183 million. This guidance is issued as the transfer of Petrifilm operations approaches its start.Seeking Alpha Tech
BUSINESSOct 6Nuevo León Gov. García announces US $600M in data center infrastructure investmentNuevo León, like Querétaro to its south, is on a roll in attracting high-tech investment projects, especially data centers for the AI industry. But how long can their power grids hold up under the increasing stress? The post Nuevo León Gov. García announces US $600M in data center infrastructure investment appeared first on Mexico News DailyMexico News Daily
BUSINESSOct 6Mexico’s fixed capital investment grew 6% in July, the fastest pace in 2 yearsThe overall FCI growth rate was up slightly from a 5.9% annual expansion in June, whereas annual private-sector FCI growth increased 2 percentage points from June to reach its highest level in 30 months, a sign that businesses' confidence in their long-term economic prospects is improving. The post Mexico’s fixed capital investment grew 6% in July, the fastest pace in 2 years appeared first on Mexico News DailyMexico News Daily
BUSINESSOct 6Hong Kong’s first-store appeal grows as more Japanese, South Korean and Thai brands arriveJapanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,...South China Morning Post
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