Elon Musk's IPO-bound SpaceX posted a loss of nearly $5.0 billion in 2025 on revenue of more than $18.5 billion, The Information reported on Thursday, citing sources. Reuters could not immediately verify the report. SpaceX did not immediately respond to a Reuters' request for comment outside regul
The price of oil tumbled and stocks and government bonds rallied on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire is in force. Abbas Araqchi said in a post on X that passage for all commercial vessels through the Strait of Hormuz was dec
Most Gulf equities were subdued on Sunday as investors weighed escalating regional tensions following Iranian strikes on petrochemical facilities in the UAE, Kuwait and Bahrain. Geopolitical risks remained elevated after Washington announced the rescue of a second airman shot down over Iran, with
Asian stocks traded lower and oil prices rose back to around $100 per barrel on Thursday as a de-escalation of the Iran war remained uncertain. US futures were down 0.5 per cent. Tokyo's Nikkei 225 was trading 0.3 per cent lower at 53,603.65. South Korea's Kospi lost 3.2 per cent to 5,460.46. Ho
Shares in Hybe, the company behind K-pop megastars BTS, have fallen sharply after a much lower number of fans attended their comeback concert than expected. The free concert in Gwanghwamun Square in Seoul on Saturday saw all seven members - Jin, Suga, J-Hope, RM, Jimin, V, and Jung Kook - perform
Share markets slid in Asia on Monday while U.S. bond yields hit eight-month peaks as the United States and Iran traded escalating threats and Israel planned for "weeks" more fighting, sending oil prices on another roller-coaster ride. Iran said on Sunday it would strike the energy and water syste
Brunei is planning to establish its own stock exchange by the third quarter of 2027, subject to the completion of an economic ecosystem and market model, a government minister said on Thursday. Speaking at the Legislative Council meeting, Haji Mohd Amin Liew Abdullah, minister at the Prime Ministe
Oil prices surged, the dollar jumped, and shares slid on Monday as military conflict in the Middle East looked set to last for weeks, threatening to upend a global economic recovery and perhaps reignite inflation. Brent jumped around 10 per cent to $79.90 a barrel, though it had briefly topped $82
Amazon has announced plans to invest $200 billion (£147.7b) in artificial intelligence (AI) and infrastructure, becoming the latest US tech giant to set out a sharp rise in spending. It dwarfs the $125bn Amazon spent on AI last year, and appeared to rattle investors. Shares were down nearly
Netflix beat Wall Street's revenue and earnings estimates for its holiday quarter on Tuesday but its shares tumbled more than 4 per cent in after-hours trading, as the streaming giant remains locked in a fierce bidding war for Warner Bros Discovery. The company reported results hours after amendi
There was a last-minute selloff in precious metals markets on Wednesday as investors cashed in some of the year's massive gains in gold, silver and platinum, while stocks quietly consolidated their best year since before the COVID pandemic. Most markets were on end-of-year autopilot after a roller
SpaceX is preparing to go public next year and has opened a secondary share sale that would value the company at $800 billion, according to a letter to shareholders sent by the company's CFO Bret Johnsen and reviewed by Reuters. The Elon Musk-led company's move towards a public listing, which coul
Stocks tiptoed forward at the start of Asian trading on Wednesday as the US Congress looked set to end the federal shutdown and traders looked for direction in the absence of clues from government data services. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% in early tradin
