Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash
Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom’s Future Investment Initiative.
Britain’s Labour government to deliver debut Budget this week, settling weeks of uncertainty
U.K. Finance Minister Rachel Reeves will deliver the government’s hotly awaited debut budget on Wednesday, putting to bed weeks of uncertainty over potential tax hikes and spending cuts.
Vietnam waits for major upgrade to its $200 billion stock market
Vietnam’s chip capabilities have it competing against near neighbor Malaysia, attracting global semiconductor firms.
Olympus shares drop over 5% after CEO resigns over drug allegation
The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann’s resignation.
Japan’s central bank to remain undeterred on rate hikes despite LDP’s electoral shock, analysts say
Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.
Trump’s Madison Square Garden rally overshadowed by his allies’ crude and racist remarks
The event in deep-blue New York City was designed to mark the start of Trump’s closing argument in the final days of the campaign.
U.S. oil posts worst day in two years after Israel spares Iran crude facilities
Oil prices lost ground on Monday after Iranian energy facilities were spared during an Israeli attack over the weekend.
China’s industrial profits plunge at fastest pace since the pandemic
The country’s industrial profits declined 27.1% year-on-year in September.
CNBC Daily Open: Nasdaq hits high even as poor earnings growth disappoints investors
Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations.
TSMC suspended shipments to China firm after chip found on Huawei processor, Reuters reports
TSMC halted shipments to China’s Sophgo after a chip it made was found in a Huawei AI processor, say sources tp Reuters.
