Market News

AI start-up looks for more computing power from UK data centre group

Hegseth meets Netanyahu in unannounced visit to Israel, Axios reports Reuters

Mynt Inc., the operator of the mobile-payments app GCash, gained in its debut Tuesday after the biggest-ever initial public offering in the Philippines.

Treasuries are losing their luster as a portfolio hedge as increasing supply, persistent inflation and rising neutral rates weaken their appeal, according to Citigroup Inc.’s top Australia banker.

Malaysia hasn’t agreed to provide financial support to AirAsia Group Bhd. even as the airline faces losses from a sharp rise in jet fuel prices following the Middle East conflict.

The Indonesia Stock Exchange’s plan to remove shares with highly concentrated ownership from its benchmark is a step in the right direction as regulators work to avoid a double market downgrade by MSCI Inc., analysts said.

Chipmakers drove losses in South Korean equities Tuesday, as foreign investors reduced exposure on a rise in Treasury yields and a weak stock market debut by a data center firm.

The People’s Bank of China’s consideration of shifting its policy rate benchmark to the overnight reverse-repo rate would effectively lower borrowing costs, supporting bond investments, according to analysts.

Fear of missing out has driven data-center developers to build as much computing capacity as possible, as swiftly as they can. But investors funding the projects are getting nervous. They’re suddenly worrying that spending on artificial-intelligence services won’t be enough to justify the trillions

The People's Bank of China could effectively cut rates by shifting its policy benchmark from the seven-day reverse-repo rate to the overnight rate. Javelin Wealth Management Partner Polka Mishra describes the initiative as an "effective easing", but warns it is likely not sufficient to revive consum