US President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement aimed at countering China on Monday at a meeting marked by Trump’s jab at Australia’s envoy to the US over past criticism. China loomed large at the first White House summit between Trump and Albanese, with the US president also backing a strategic nuclear-powered submarine deal with […]
Gold prices fell more than 2% on Friday after hitting a record high above US$4,300 per ounce, pressured by a firmer dollar and US President Donald Trump’s comment that a “full-scale” tariff on China would be unsustainable. Spot gold was down 2.2% to US$4,228.89 per ounce at 10.21am ET (1421 GMT), after scaling an all-time […]
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassured investors of Nigeria’s improving macroeconomic stability, just as he revealed that the country’s foreign exchange (FX) market turnover has so far risen to $8.6 billion monthly in 2025. Additionally, Cardoso, who spoke during an Investors’ Forum in Washington D.C., on the sidelines […]
Spain’s Cellnex said on Friday that it has signed a put option agreement to sell all its 99.99% share capital in Towerlink France to Vauban Infra Fibre for 391 million euros ($458 million). The deal, made through the French subsidiary of Europe’s largest mobile phone tower operator, will be fully paid in cash on the […]
Billionaire philanthropist MacKenzie Scott has reduced her stake in Amazon.com Inc. by 42% over the past year, according to a regulatory filing made public on Tuesday. The filing, dated September 30, shows Scott now holds 81.1 million Amazon shares, down from 139 million a year earlier. Based on Tuesday’s closing price, the reduction is valued […]
Singapore companies have committed to invest S$5.5 billion ($4.23 billion) in a joint special economic zone in Malaysia’s Johor state since January last year, Singapore Deputy Prime Minister Gan Kim Yong said. The special economic zone, which was first agreed in January last year and formally inked a year later, has made good headway and […]
Private equity firm Warburg Pincus plans to buy German software firm PSI Software for more than 700 million euros ($813.26 million), the companies said on Monday. Reuters first reported on both a nearing takeover of PSI on Friday and Warburg Pincus’ offer for the software company on Sunday. PSI’s software helps run power and gas […]
Foreign investors extended their net buying streak for the second consecutive week across Asian markets last week, recording net purchases of US$904.8 million (RM3.82 billion), which was 4.12 times lower than the previous week’s inflow of US$3.73 billion. MBSB Investment Bank Bhd’s (MBSB IB) fund flow report for the week ended Oct 10, 2025 showed […]
Copper struck $11,000 per metric ton on Thursday, a milestone not seen for 16 months as investors piled into the metal after a series of disruptions to mine supply led to fears of shortages, while aluminium hit a more than three-year peak. Benchmark three-month copper on the London Metal Exchange rose 3.1% to hit the […]
Swiss medical technology company Ypsomed said on Friday it will establish its first manufacturing facility in the United States with an initial $200 million investment in the town of Holly Springs, North Carolina. Ypsomed, a maker of self-injection systems, said it plans to create about 100 new jobs and wants to roughly double that number […]