Global Stocks Stabilise as Technology Shares Recover from AI Rout
Global equities recovered as the S&P 500 and Dow advanced, but AI financing concerns and elevated borrowing costs kept technology shares volatile.
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Tesla Roadster Flight Demonstration Raises the Stakes for 2028 Delivery
Tesla’s SpaceX-assisted Roadster prototype completed an aerial manoeuvre, shifting investor attention to regulation and the revised 2028 production target.
Circle Targets 40 Emerging Markets as Stablecoin Competition Intensifies
Circle is targeting about 40 emerging markets after acquiring Tazapay for US$400 million and securing a US$100 million Binance investment.
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Shell Weighs French Mobility Sale to DCC Energy as Portfolio Narrows
Shell is considering a proposed sale of about 70 French mobility sites and eight LNG installations to DCC Energy, with completion targeted for 2027.
ECB Clears UniCredit to Pursue Control of Commerzbank
The European Central Bank has cleared UniCredit to cross 30% ownership of Commerzbank as the Italian bank moves toward control around year-end.
Federal Reserve Keeps October Rate Decision Open as Markets Await Direction
Federal Reserve chair Kevin Warsh declined to prejudge the October meeting, preserving uncertainty around global yields, the dollar and Asian capital flows.
Former FBI Staff Challenge Trump-Probe Firings in Institutional Test
Nine former FBI employees have sued for reinstatement and back pay after dismissals linked to their assigned work on a classified-documents investigation.
White House Credential Dispute Puts Disclosure Standards Under Scrutiny
White House press secretary Katie Zacharia acknowledged that she did not pass the California bar examination amid scrutiny of earlier lawyer descriptions.
Anthropic’s US$1.5 Trillion IPO Debate Tests AI Valuation Discipline
Anthropic investors are considering an IPO valuation near US$1.5 trillion as strong revenue growth slows and infrastructure commitments remain substantial.
Wall Street Rotation Lifts S&P 500 as Healthcare Offsets AI Weakness
US equities ended higher as healthcare and materials offset continued weakness in AI-linked technology shares after a volatile global session.
Oil Prices Retreat as Supply Fears Collide With Weaker Demand Outlook
Brent and WTI crude fell more than US$1 as investors balanced Middle East supply threats against weaker global oil-demand expectations.
Global Financial Watchdog Sets Human-Oversight Principles for Agentic AI
The Financial Stability Board has issued 12 practices urging financial institutions to strengthen governance and human oversight as AI systems become more autonomous.
IMF Signals Continued Support as Sri Lanka Nears Programme Exit
The IMF says it remains ready to support Sri Lanka after the current programme ends, while the seventh review awaits Executive Board consideration.