India regulator proposes easing norms for foreign investors buying only government bonds
India’s markets regulator has proposed to reduce regulatory requirements for foreign investors investing exclusively in the country’s government bonds, it said on Tuesday, as it looks to boost investments in these securities.Foreign investors who hold Indian government bonds need not disclose investor group details, the Securities and Exchange Board of India proposed in a consultation […]
American Eagle withdraws annual targets as tariff uncertainty hits demand, shares drop
American Eagle Outfitters withdrew its annual forecasts on Tuesday and took a $75 million inventory charge on its spring and summer collection due to economic uncertainty fueled by tariffs, sending its shares crashing 18% in extended trading.Persistently high inflation in the United States, American Eagle’s biggest market, along with uncertainty around tariff-related price hikes, has […]
Exclusive: Deutsche Boerse, Euronext step up battle against IPO flight to US
Deutsche Boerse promotes domestic listings, highlights sluggish US post-IPO performancesEuropean exchanges face listing drought, companies eye US marketsEU stability may boost appeal of European stock markets, exchange executives sayTwo of Europe’s major stock exchange operators are stepping up efforts to retain local initial public offerings in the face of U.S. competition, with marketing and research […]
Malaysia’s economy likely lost momentum in first quarter, trade risks weigh
GDP expected to expand 4.5% in first quarter vs 5.0% in fourth quarter of 2024Quarterly GDP data to be released on May 16 Malaysia’s economy likely grew at its slowest pace in a year in the first quarter, losing momentum due to weakened household consumption and exports, according to a Reuters poll of economists.Advance, opens […]
Investment firm EQT hiring in Japan where it sees deals flourishing, founder says
EQT is hiring in Japan for its private capital, infrastructure and real estate teams and feels the Asian nation could become its biggest market in the region over the next five years, the investment firm’s chairperson and founder said.The Swedish firm has made two investments in Japan since entering the market in 2021, including the […]
Baidu prepares to launch driverless taxi in Europe, WSJ reports
Chinese technology giant Baidu is preparing to test its driverless ride-hailing service, Apollo Go, in Europe for the first time, the Wall Street Journal reported on Tuesday.Baidu has been in discussions with Switzerland’s bus service-provider PostAuto to debut its robotaxi service in Switzerland, the WSJ said, citing people familiar with the matter.Baidu also plans to […]
Sony annual operating profit rose 16%, beating analysts’ estimates
Sony on Wednesday reported operating profit for the year ended March rose 16% to 1.4 trillion yen ($9.51 billion), beating analyst estimates.That compared with profit of 1.2 trillion yen in the year earlier and an LSEG consensus estimate of 1.37 trillion yen.
US weighs letting UAE buy over a million advanced Nvidia chips
The Trump administration is weighing a deal that would allow the UAE to import more than a million advanced Nvidia chips, a quantity that far exceeds limits under Biden-era AI chip regulations, Bloomberg News reported on Tuesday.The deal, which is still being negotiated and could change, would let the UAE import 500,000 of the most […]
Tesla’s refresh to best-selling Model Y SUV starts on rocky road
Attractive financing deals soon after rollout show weak demandShort wait times for customers suggest that demand is less than supplyAnalysts blame rising competition, backlash against Musk’s politicsSlow kickoff piles pressure on Tesla to launch cheaper modelsTesla investors had pinned their hopes on a refresh of the company’s flagship compact SUV to reinvigorate sales. But rock-bottom […]
Microsoft to lay off around 3% of workforce in organization-wide cuts
Microsoft said on Tuesday it was laying off less than 3% of its workforce, or around 6,000 employees, as the technology giant looks to rein in costs while funneling billions of dollars into its ambitious bet on artificial intelligence.The cuts will be across all levels and geographies and are likely the largest since Microsoft laid […]