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
Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading. The company projected increased capital spending next year. The online retailer benefited as businesses contin
India is planning to allow direct foreign investment in state-run banks of up to 49 per cent, more than double current limits, according to a person directly involved in the policy discussions. The finance ministry has been discussing the matter with the Reserve Bank of India (RBI), the country's
As America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble? Microsoft (MSFT.O), Alphabet (GOOGL.O), Amazon (AMZN.O), and Meta (META.O) are poised to report that revenue rose at a bris
Several suppliers have cancelled sales of Middle Eastern and Canadian oil to China's Yulong Petrochemical after the UK imposed sanctions on the refiner, which is likely to push it to buy more Russian crude, multiple sources familiar with the deals said. The refiner, China's newest with a cap
United Airlines forecast stronger earnings in the current quarter on Wednesday as it expects rising travel demand and improved pricing power to produce the highest quarterly revenue in the company's history. The Chicago-based airline expects an adjusted profit in the range of $3.00 to $3.50 per sh
Chinese autonomous driving firm WeRide (WRD.O) has hired Morgan Stanley (MS.N), opens new tab and China International Capital Corp (CICC) (601995.SS) to work on a dual primary listing in Hong Kong, three sources with knowledge of the matter said. The Guangzhou-based company, which listed on Nasdaq
