U.S. memory chip stocks declined sharply overnight late Monday, tracking a drop in Samsung Electronics shares in Seoul after the South Korean chipmaker reported preliminary quarterly results.Samsung issued a stellar second-quarter outlook, but investors took profits after the stock’s recent surge…
Commodity markets traded mixed in early trade on July 7, with crude oil recovering modestly after the previous session's sharp decline, while precious metals under pressure as investors awaited fresh cues from the US Federal Reserve's meeting minutes.Oil prices, however, edged higher in early trade…
By Junko FujitaJapan's Nikkei share average fell on Tuesday as semiconductor-related heavyweights declined after a drop in South Korea's Samsung Electronics weighed on regional technology stocks.The Nikkei TVC:NI225 was down 1.35% at 68,798.93, as of 0133 GMT.The broader Topix index TSE:TOPIX slipp…
The Trump administration’s push to establish a US Strategic Bitcoin Reserve has reportedly hit a roadblock, as the Commerce and Treasury departments are at odds over how the reserve should be structured and which agency should have primary oversight of the holdings.US President Donald Trump’s March…
Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0214 GMT.NOTES: The State Bank of Vietnam sets the mid-point rate on a daily basis and allows dollar/dong transactions to move in a band of…
Argent BioPharma ASX:RGT has entered a binding global licensing framework with Splash Beverage Group Inc, securing US$5.5 million in upfront consideration for exclusive global commercialisation rights to CannEpil, its pharmaceutical-grade cannabinoid combination therapy developed for the management…
Bitcoin BITSTAMP:BTCUSD fell to $61,391 after Strategy confirmed a large Bitcoin selloff, then rebounded to a high of $64,529.61 in under 24 hours, and the recovery seems to be holding into Wednesday’s Federal Reserve minutes.Options traders and exchange-traded fund flows are both turning bullish…
The dollar index held below 101 on Tuesday, remaining under pressure as investors scaled back expectations for Federal Reserve rate hikes following a weaker-than-expected US jobs report.Data released last week showed a sharp slowdown in job growth in June, alongside downward revisions to payroll fi…
Trent Limited (TRENT) Q1 FY27 standalone revenue ₹5,666 crore, up 19% YoY from ₹4,781 crore; merchandise sales rose 19%; growth driven by Westside and Zudio expansion.HSBC forecast
Maruti Suzuki (MARUTI) bookings for CNG cars rose ~40% after last month’s fuel price hikes; traders may note stronger demand shift toward lower-cost fuel models.MARUTI trades above
Shares of AST SpaceMobile (ASTS) slipped over 1% overnight late Monday despite the space firm saying that BlueBird 11 is launch-bound and BlueBirds 12 and 13 are set to follow soon.ASTS stock slid 5% on Monday, joining a broader pullback in space stocks as the sector gave back part of last week’s s…
The Shanghai Composite fell 0.6% to 4,017 on Tuesday, approaching a one-month low, while the Shenzhen Component dropped 0.3% to 15,372, extending losses for a second straight session, as technology stocks continued to lose momentum amid signs of capital rotation into other sectors.Sentiment toward…
Lynas's partnership deal with South Korean magnet producer JS Link highlights the strategic value of its separated rare-earth production, says Macquarie. The bank reiterates an outperform rating and target price of 22 Australian dollars on the ASX-listed Lynas. "We continue to see value in LYC, und…
The following table shows rates for Asian currencies against the dollar at 0203 GMT.
REE Automotive (REE), Hertz Global Holdings (HTZ) and O'Reilly Automotive (ORLY) all dropped to fresh 52-week lows on Monday as investors reacted to a mix of corporate restructuring, financing concerns and acquisition-related uncertainty.While REE Automotive (REE) stock plunged 63%, Hertz Global an…
The Hang Seng Index edged up to 0.5%, or 124 points, to 23,742 on Tuesday, marking the fourth consecutive session of gains, as a rally in major US technology stocks lifted sentiment and renewed optimism that the AI-driven bull market still has room to run after Wall Street's technology sector poste…
Brambles probably needs to increase investment in new pallets to improve the quality of its rental pools in the U.S. and Europe, Jefferies analysts warn. They tell clients in a note that the average age of Brambles' CHEP-branded pallets is rising, which typically results in increased rates of damag…
IOI's FY 2027 core net profit is projected to rise 10.7% to 1.5 billion ringgit, supported by stronger plantation and manufacturing earnings, AmInvestment Bank analyst Gan Huey Ling says in a note. The plantation segment is expected to contribute about 90% of EBIT, benefiting from firmer crude palm…
Indian benchmark indices are set for a positive opening on July 7, tracking firm cues from GIFT Nifty, which was trading around 24,574.50 in early trade.Track the latest updates on GIFT Nifty right here on MoneycontrolIndian equity markets extended their winning streak for the fourth consecutive se…
By Joshua Robinson and Andrew BeatonSEATTLE — The U.S. national team came into this World Cup with every conceivable home advantage. The Americans enjoyed automatic qualification as co-hosts. They encountered raucous, star-spangled crowds wherever they went. And, when necessary, they could count on…
