Multisensor AI Holdings Inc. (NASDAQ:MSAI) stock surged 33.3% in premarket trading Friday after the company announced it had entered into a $14 million private placement agreement with 325 Capital and other accredited investors. The deal, disclosed in a regulatory filing, involves the sale of 34.2 million shares of common stock priced at $0.409 per share, […]
Copper rallied to a record, with the US and China on the cusp of a sweeping deal to dial down trade tensions, while a series of supply setbacks at mines have tightened the global market. Three-month futures surged to US$11,142 (RM46,690.55) a tonne on the London Metal Exchange, topping the peak set in 2024. Year […]
During the Future Investment Initiative (FII) conference in Riyadh, BlackRock CEO Larry Fink said investors have turned to gold and cryptocurrencies as a refuge in the face of growing concerns about global financial stability and fears of devaluation of traditional assets. Fink emphasized that the search for crypto assets and gold is driven by fear of […]
British finance minister Rachel Reeves will attend an investment summit in Saudi Arabia on Monday and seek to advance trade talks with other Gulf countries, in what officials said was the first visit to the region by a British finance minister in six years. Saudi Arabia will host its flagship gathering of global political leaders […]
Australia has identified an A$20 billion (RM55.11 billion) investment pipeline across Southeast Asia as Canberra moves into a new phase of its regional economic cooperation, signalling a stronger commitment towards deeper Asean integration. Prime Minister Anthony Albanese said the country’s ambition is to be participants, engaged partners, invested and embedded in the region’s growth, instead of […]
This follows India’s Natco Pharma’s acquisition of all minority shares in a deal valued at around $215 million (R4 billion). Founded in 1890 as a small pharmacy in Krugersdorp, Adcock Ingram evolved into one of South Africa’s most trusted healthcare brands, producing household names such as Panado, Myprodol, Epi-Max, and Allergex. Today, the company is […]
The US and China have agreed the framework of a potential trade deal that will be discussed when their respective leaders meet later this week, the US treasury secretary has said. Scott Bessent told the BBC’s US news partner CBS that this included a “final deal” on TikTok’s US operations and a deferral on China’s […]
Blackstone Inc will become the largest shareholder in India’s Federal Bank after injecting about US$706 million into the lender. Asia II Topco XIII Pte, an affiliate of the private equity giant, is paying 61.97 billion rupees for warrants that will result in a 9.99% stake in Federal Bank, the lender said in a statement Friday. […]
JPMORGAN Chase & Co plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year, in a significant deepening of Wall Street’s crypto integration. The programme, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar […]
The forecast was unveiled during the government’s 100-day macroeconomic performance review, which assessed both global trends and the nation’s quarterly outcomes. According to official data, Ethiopia’s economy expanded by 9.2% in the previous fiscal year, propelled by strong gains across key sectors, agriculture (7.3%), industry (13%), and services (7.5%). The country’s growth trajectory, officials noted, […]