Stock / Global


The likely winners and losers from the UK budget

The likely winners and losers from the UK budget

Britain's Spring budget is due next Wednesday ahead of an election expected this year, and investors are keen to see if finance minister Jeremy Hunt can balance giveaways and growth schemes with high public debt and above-target inflation. Tax cuts and housing stimulus are expected, although too m

Global stocks hold at record highs as traders bet on rate cuts

Global stocks hold at record highs as traders bet on rate cuts

Global shares drifted around record highs on Friday after US and euro zone inflation data and weak global factory surveys kept hopes of central bank rate cuts in coming months intact. With markets dominated by bets of both the US Federal Reserve and the European Central Bank lowering borrowing cos

Global stocks near record highs

Global stocks near record highs

World stocks were near record highs on Thursday amid a monthly round of European and US inflation data, while cryptomarkets were roaring bitcoin on to its best month in over three years. European bourses shuffled higher in what will be their fourth monthly rise and one that has seen the big worldw

Asian stocks firm before US inflation test; yen gains

Asian stocks firm before US inflation test; yen gains

Chinese equities and most other regional stock markets climbed on Thursday, while the dollar held its ground against European rivals ahead of crucial US inflation data that could provide fresh clues on when the Federal Reserve will cut interest rates. The yen gained as a Bank of Japan (BOJ) offici

Bitcoin tops $57,000 as big buyers circle

Bitcoin tops $57,000 as big buyers circle

Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. Bitcoin has rallied more than 10 per cent in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroSt

Nvidia hits $2 trillion valuation as AI frenzy grips Wall Street

Nvidia hits $2 trillion valuation as AI frenzy grips Wall Street

Nvidia hit $2 trillion in market value on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom. The milestone followed another bumper revenue forecast from the chip designer that drove up its market value

India’s startups will no longer price perfection

India’s startups will no longer price perfection

They were once India's most highly valued startups. Now the crushed valuations of fintech company Paytm and online educator Byju’s will weigh on the country's next wave of firms that will look to raise funds.   The pair were hard to fault in their early days. Paytm ushered in a digital

Russian rouble slips after Navalny reported dead

Russian rouble slips after Navalny reported dead

The Russian rouble weakened on Friday after the federal prisons service said jailed opposition politician Alexei Navalny was dead. The central bank’s decision to hold its key interest rate at 16 per cent also nudged the currency lower. The rouble dropped to 93 against the dollar in the momen

Global stocks shrug off patchy data

Global stocks shrug off patchy data

Global shares rose for a third day on Friday, thanks to a lift from Japan's Nikkei closing at another 34-year peak and following gains on Wall Street as data revived chances of a June rate cut. This week's data releases have added to the belief among investors that the US economy at least is holdi

Nvidia tops Alphabet as third largest US company by market value

Nvidia tops Alphabet as third largest US company by market value

Nvidia overtook Google-parent Alphabet's stock market capitalization to become the third biggest US company on Wednesday, days before the poster child of AI boom is due to report fourth-quarter results. Strong demand for the Silicon Valley company's chips used in artificial intelligence computing

Coca-Cola revenue tops estimates on robust demand, higher prices

Coca-Cola revenue tops estimates on robust demand, higher prices

Coca-Cola surpassed Wall Street expectations for fourth-quarter revenue on Tuesday, as it benefits from higher product prices and buoyant demand for its juices, energy drinks and sodas. Despite the company hiking prices over the last several quarters, consumers dining out and indulging in experien