Browsing: Business

ADNOC L&S completes an $1.04 billion acquisition of 80% of Navig8, strengthening its global maritime logistics footprint and setting plans to acquire the remaining stake by 2027.

Chinese stocks face mounting pressure as Tencent and CATL shares fall following U.S. military ties allegations, raising global investor concerns over market stability and economic recovery.

Oil prices fell 1% amid weak economic data from the US and Germany, reversing recent gains driven by a weaker dollar and surging winter demand in the US.

U.S. stocks rallied Monday, with the Dow up 351 points and Nasdaq gaining 1.8% as chipmakers surged following Foxconn’s record revenue. Investors await economic data and Fed guidance.

South Korea’s foreign reserves increased slightly in December but fell to their lowest year-end level in five years, reflecting currency volatility, according to the Bank of Korea.

Senate investigators revealed Credit Suisse maintained Nazi-linked accounts, some active until 2022, raising questions about historical accountability and transparency in banking.

Microsoft plans to invest $80 billion in AI data centers by June 2025, expanding infrastructure to power AI growth and innovation globally.

Asian markets mixed as China stocks drop on weaker manufacturing, while Singapore’s GDP grew 4% in 2024, reflecting economic resilience amid global uncertainties and trade pressures.

Oil prices surged to multi-month highs as US crude stockpiles fell for the sixth straight week, boosting WTI and Brent amid tightening supplies and bullish technical trends.

The U.S. dollar index hit a two-year high as markets responded to optimism over Donald Trump’s policies and resilient economic performance in 2025.