US Navy’s new fighter jet threatened by funding dispute, sources say
Administration officials seek to delay F/A-XX program by up to three years, sources sayPentagon plans to use $453 million provided by Congress for F/A-XX elsewhere, sources sayDelay could undermine Navy’s ability to project power, US official says The U.S. Navy and Congress are battling with the Trump administration to keep moving forward with a contract […]
Hamas will release U.S.-Israeli hostage, Israel says no ceasefire
Netanyahu says Israel has agreed to safe passage for hostageU.S.-Israeli hostage expected to be freed on MondayIsrael preparing to step up fighting while talks continueHamas will release Israeli-American hostage Edan Alexander from Gaza on Monday, the Palestinian militant group said, although Israel’s prime minister said there would be no ceasefire and plans for an intensified […]
Chinese companies line up to sell “Innovation bonds”,capitalising on Beijing’s technology push
Chinese banks, brokerages and private equity firms are among companies kicking off plans on Thursday to sell so-called sci-tech innovation bonds.Beijing published detailed rules on Wednesday for a “technology board” in the bond market to fund innovation amid intensifying Sino-U.S. rivalry.Tech companies can already issue such bonds, but financial companies have become eligible under the […]
Exclusive: Axelspace eyes June IPO, sources say, latest Japan space startup to seek a listing
Axelspace would follow four Japan space startups’ market debuts in last two yearsMassive government aid fills in for limited private funding in JapanInvestors increasingly scrutinising sector’s growth prospectsTokyo-based satellite maker Axelspace plans to list its shares as early as June, two sources said, the latest in a steady stream of domestic space startups tapping the […]
Australia’s stocks shine as global money seeks US alternatives
Near top performing developed market since tariff delugeForeigners buy banks, especially NAB, registry data showsConsumer staples sector outperformsForeign investors have been turning to Australia’s domestically focused stocks, choosing an often overlooked market as a trade-war hideout with a cheap currency and resilient economy.It is hard to quantify just how much capital has gone Down Under, […]
TPG, Corpay to buy payments firm AvidXchange in $2.2 billion take-private deal
Global alternative asset manager TPG will partner with Corpay to buy payments solutions provider AvidXchange and take it private in an all-cash deal worth $2.2 billion, the companies said on Tuesday.The deal, which helps the two payments firms scale up operations, sent AvidXchange’s shares soaring about 20% in extended trading.Under the agreement, TPG and Corpay […]
Qantas soars as drop in oil prices signals lower jet fuel costs
Shares of Australia’s Qantas Airways rose more than 5% on Monday to an over one-month high after oil prices dropped in early Asian trade following OPEC+’s plan to further speed up output hikes.Jet fuel prices are a critical cost for airlines.
Trading Day: Resilience trumps uncertainty
One of the biggest surprises in a week overflowing with them – from top-tier economic indicators, to company earnings and policy decisions from around the world – was how steadfast financial markets were.Global and U.S. stocks closed the week with gains of up to 3%, the dollar advanced, Treasury yields rose, and the VIX index […]
Israel says it intercepted missile fired from Yemen; Houthis claim responsibility
Israel’s military said on Saturday it intercepted a missile fired from Yemen and Houthi forces claimed responsibility for the attack, the third of its kind by the Iran-aligned group in 24 hours.The Israeli military said sirens were activated in a number of areas in Israel after the missile was launched. No casualties or serious damage […]
Lebanon warns Hamas not to compromise its national security
Lebanon has warned Palestinian militant group Hamas not to conduct operations that compromise the country’s security or sovereignty, Beirut’s Supreme Defence Council said on Friday.The announcement came with Lebanon facing growing U.S. pressure to disarm militant groups outside state control following last year’s war between Israel and armed Lebanese group Hezbollah, an ally of Hamas. […]