Alibaba, Tencent rally as Beijing stimulus plans push China’s tech stocks to 13-month high
Chinese tech stocks including majors like Alibaba and Tencent rallied this week, pushing them to highs not seen in more than a year.
French inflation cools more than expected in September as energy prices, transport costs decline
France’s harmonized inflation rate fell sharply in September, preliminary data from the National Institute of Statistics and Economic Studies showed Friday.
China’s ambitions for semiconductor self-sufficiency thwarted by lack of chipmaking tools
Building more advanced lithography machines is a focal point in China’s push to develop its domestic semiconductor industry with $96.3 billion in subsidies and preferential policies.
CNBC Daily Open: More all-time highs? Yes please
The S&P 500 has touched new levels on more than 20% of trading days so far this year, noted financial firm Oppenheimer.
Commerzbank and UniCredit hold talks as takeover prospect looms
Commerzbank and UniCredit began initial talks Friday, with the German bank on the defensive over a potential takeover.
Hong Kong’s New World Development shares surge 23% after CEO resigns
The company said Chief Operating Officer Eric Ma Siu-Cheung has been appointed as the new CEO.
OpenAI CFO tells investors funding round should close by next week despite executive departures
OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.
Shigeru Ishiba is set to become Japan’s next prime minister after winning ruling party leadership election
Ishiba defeated economic security minister Sanae Takaichi in a runoff, after the two won the most votes in the first round in a crowded field of nine candidates.
Barclays names 5 global stocks that could benefit from China’s stimulus — giving one over 100% upside
One of the stocks was given more than 100% upside potential over the next 12 months.
China’s industrial profits plunge by 17.8% in August from a year ago
China’s industrial profits plunged by the most in more than a year, National Bureau of Statistics data showed Friday.
