Nebius Group has signed a deal worth about $3 billion with Meta to provide the Facebook owner with AI infrastructure over a five-year period, the company said on Tuesday, after it reported a more than fourfold rise in third-quarter revenue. The company’s shares seesawed in volatile premarket trading, after it posted a surge in capital […]
Hanwha Ocean, which was caught in the crossfire during the U.S.-China trade conflict, has gained temporary breathing room. As China reached partial agreements with the United States in economic and trade negotiations, it decided to suspend sanctions imposed on Hanwha Ocean’s U.S. subsidiaries for one year. Accordingly, Hanwha Ocean will minimize repercussions in raw materials […]
Billionaire Bill Gates’ foundation will invest at least $1.4 billion over the next four years to help farmers in sub-Saharan Africa and Asia access technologies that enhance resilience to extreme weather. The funding will support innovations aimed at boosting crop yields, improving livestock production, providing digital advisory services, and restoring degraded land. “Smallholder farmers are […]
Africa’s leading diamond powerhouses, Botswana and Angola, have opened discussions to acquire control of the world’s largest and most recognizable mining brand, De Beers, in what could redefine the global diamond industry’s balance of power. According to Reuters, Botswana’s Mines Minister Bogolo Joy Kenewendo and her Angolan counterpart Diamantino Pedro Azevedo met to discuss collaboration […]
Nigeria’s foreign exchange reserves are projected to rise to $45bn by the end of 2025, driven by strong investor confidence following the country’s successful $2.3bn Eurobond issuance, according to investment house CardinalStone. In its Macroeconomic Update released on the offering, the firm said the robust appetite for the Eurobonds, which recorded a 5.5x oversubscription, reflects […]
The international reserves of Bank Negara Malaysia (BNM) amounted to US$123.8 billion as at Oct 31, 2025, compared with US$123.4 billion as at Oct 15, 2025. In a statement on Friday, the central bank said the reserves position is sufficient to finance 4.8 months of imports of goods and services and is 0.9 times the […]
Investors overseeing more than US$5 trillion in assets are urging British finance minister Rachel Reeves to double the size of the country’s financial buffer against economic shocks in her Nov 26 budget. Amundi, Europe’s largest asset manager, AXA Investment Managers, Allianz Global Investors and Franklin Templeton want Reeves to increase the fiscal headroom she leaves herself […]
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 […]