Business & Financial Headlines

United States MBA Mortgage Applications increased to -1.8% in October 10 from previous -4.7%

The Pound Sterling (GBP) extends Tuesday’s recovery move to near 1.3370 against the US Dollar (USD) during the European trading session on Wednesday.

Gold is trading higher for the fifth consecutive day on Wednesday, attempting to confirm the breach of the $4,200.

EUR/GBP trades flat for the day around 0.8710 on Wednesday at the time of writing, with markets balancing political risks in France and monetary prospects in the United Kingdom (UK).

EUR/USD remains fairly bid on Wednesday, with price action moving right below the 1.1650 area at the time of writing, from two-month lows at 1.1542 earlier in the week.

European Central Bank (ECB) policymaker and Slovenia's central bank acting Governor Primoz Dolenc said on Wednesday that there is “no reason to change (interest) rates in the coming months.”

Germany 30-y Bond Auction: 3.17% vs previous 3.25%

Pound Sterling (GBP) is likely to trade in a range between 1.3290 and 1.3365. In the longer run, downward momentum has slowed somewhat, but there is still a chance for GBP to decline to 1.3200, UOB…

Recent rise in US Dollar (USD) was stopped in its track. DXY last at 98.81 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Euro (EUR) could rise, but any advance is likely part of a higher range of 1.1575/1.1635. In the longer run, the likelihood of EUR reaching 1.1490 during this phase of weakness is decreasing, UOB G…

Global electric vehicle (EV) sales hit a record last month, buoyed by Chinese consumers’ growing interest in new models and the rising popularity of battery-powered cars in Europe. Worldwide Sept…

Swire Coca-Cola, the bottling partner of the American drinks maker, has become the first company in Hong Kong to use locally sourced recycled plastic for its products, giving a boost to the city’…

A subsidiary of SiCarrier – a semiconductor equipment maker backed by the Shenzhen municipal government and works with Huawei Technologies – has released proprietary electronic design automatio…

Wall Street had one of its most profitable quarters ever, based on the earnings of four of the biggest US banks, as the companies were helped by a flurry of deal-making, soaring stock prices and a …

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider…

Hong Kong stocks rose on Wednesday, halting the benchmark’s longest stretch of declines since January 2024, as growing expectations of a Federal Reserve interest rate cut this month helped offset…

Apple is preparing to expand its manufacturing operations in Vietnam as part of a push into the smart home market and an ongoing effort to lessen its dependence on China. The company is developing …

Walmart is teaming up with OpenAI to enable shoppers to browse and buy its products on ChatGPT, the retailer’s latest push to incorporate artificial intelligence. Users will be able to shop Walma…

China will become one of the “outsize contributors” to JPMorgan Asset Management’s five-year plan to double Asia-Pacific assets under supervision to about US$600 billion, according to the fir…

Hong Kong’s pension scheme improved its overall adequacy, sustainability and integrity over the past 12 months, rising from a C+ grade to a B – equal to schemes in some European countries but s…

Ross Stores Inc. expands with new store openings across 17 states while major retailers like Macy's and Kohl's close underperforming locations nationwide.

Instagram will moderate the content for users under 18 using filters guided by the PG-13 movie rating system, parent company Meta announced on Tuesday.

American soybean growers across the Midwest are warning of another tough year as China’s trade freeze cuts off their largest export market and production costs soar.

President Donald Trump considers terminating cooking oil trade with China in response to reduced soybean purchases that hurt American farmers.

Federal prosecutors charged Chen Zhi with operating forced labor camps across Cambodia that executed alleged 'pig butchering' scams targeting crypto investors.

Baltimore Ravens safety Kyle Hamilton partnered with Toyota to host an NFL FLAG clinic for military kids at the team's facility in Maryland.

President Donald Trump doubled down on his plan to carry out a $20 billion currency swap with Argentina during a bilateral lunch with the South American leader.

OpenAI and Walmart announce ChatGPT shopping integration that will enable Walmart shoppers to buy products within the AI chatbot platform soon.

A fire at aluminum supplier Novelis forces Ford to pause production of three-row SUVs at Kentucky Truck Plant, affecting Expedition and Lincoln Navigator manufacturing.

GM announced a $1.6 billion third-quarter charge as it revamps its electric vehicle strategy following the end of federal EV tax credits under the Trump administration.

Lachlann Tierney explains why market "all time highs" are meaningless nominal illusions. Learn why the debasement trade has legs through to 2026.

The post

An hour of a robot’s time — even with a coffee break — should be about as expensive in the US as it is in Vietnam. What matters now is capital, not labor. It takes massive investment to de…

Markets remain resilient despite crash predictions. Crypto's leverage flush was necessary. Peak speculation still ahead—microcaps haven't reached fever pitch.

The post

Wall Street is racing to apply ChatGPT to stock trading, but there's a fundamental mismatch they're missing. And it’s actually due to a centuries-long mystery.

The post

• Broker’s call: Tech Mahindra (Buy)

  Centrum Broking

  
• DGCA nod for Kerala Agri Varsity Drone Pilot Training Centre 

  The Remote Pilot Training Organisation (RPTO) marks a major step towards integrating drone technology into agricultural research and field applications

  
• Raymond Group to invest ₹1,000 cr in Andhra Pradesh in aerospace, automotive manufacturing

  State govt is offering ₹700 crore in subsidies under the new industrial and aerospace policy

  
• Zinc futures: Retains the positive inclination

  The contract, which broke out of the barrier at ₹290 nearly a couple of weeks back, opened the door for further strengthening

  
• Axis Bank Q2 PAT down 26% on higher provisions, opex

  Following an RBI advisory post the bank’s FY25 annual inspection, the lender made an additional one-time standard asset provision of ₹1,231 crore

  
• Rupee recovers 75 paise from all-time low to close at 88.06 against US dollar

  The rupee settled at 88.06 against the greenback, registering a rise of 75 paise over its previous close

  
• Heavy rain may slash Nashik’s grape output by 40% 

  For the past several years, unpredictable weather and unseasonal rains have taken a toll on Maharashtra’s grape belt

  
• TN government presents first supplementary estimates for 2025-26

  ₹2,915 crore fund will be used for retired staff and disaster management

  
• Nuvoco Vistas posts ₹36.43-crore Q2 profit despite monsoon, GST headwinds

  Revenue from operations grew by 8.3% year-on-year to ₹2,458 crore

  
• US Market Outlook: Dow Jones, S&P 500, NASDAQ Composite close on a mixed note after volatile intraday swings

  The benchmark indices have to breach their resistance to ease the downside pressure

  

• Apartments sold and rented

  A selection of recent real estate deals in Israel in Jerusalem, Ramat Hasharon, Rishon Lezion, Shoham, Kiryat Motzkin and Ashkelon.

  
• HP Israel to lay off up to 90 employees

  HP has 2,500 employees in Israel.

  
• European hostility could jeopardize Metro

  Infrastructure projects in Israel are heavily reliant on European companies, which will find it difficult to bid in new tenders.

  
• LevelBlue acquires cybersecurity co Cybereason

  Cybereason, founded in Israel, and which was once valued at $2.73 billion, raised money earlier this year at a valuation of $850 million.

  
• Israeli-American Prof. Joel Mokyr wins Nobel Prize in Economics

  The economic historian is among a trio of economists winning the prize for showing how technological progress has led to sustained economic growth.

  

• £2bn UK lawsuit accuses Microsoft of overcharging cloud customers

  

  Reeves confirms tax rises and spending cuts on the table as budget black hole deepens

  

  Deadline day looms for PPE Medpro as £122m Covid repayment unlikely to be made

  

  Digital 2026: internet users pass 6 Billion as AI and social media reach new milestones

  

  Instagram to introduce PG-13-style controls to protect teen users, says Meta

  

  Wind and solar power drive UK renewable electricity record

  

  Wayve wheels in Microsoft and Softbank for $2bn cash injection

  

  UK unemployment rises to 4.8% as wage growth cools to three-year low

  

  UK Losing £3.5bn a Year as Women Exit Tech Sector, Warns 2025 Lovelace Report

  

  Storms and tax fears cool retail growth to 2.3% as households rein in spending

  

  • eBay UK's profit surges after selling fees removed but struggles with falling revenue

    The division of the US giant has posted a pre-tax profit of 36.5m for 2024, up from the 2.7m it achieved in 2023

    
  • Silver prices hit first record in 45 years as short squeeze adds to rally

    Silver prices hit their first all-time high in over 45 years on Tuesday, as a short squeeze added momentum to a year-long rally spurred by investor fears over government debt levels and sticky infl…

    
  • Salesforce strengthens ties with OpenAI and Anthropic for enterprise AI ambitions

    The software giant is doubling down on its partnerships with AI heavyweights like OpenAI and Anthropic to power its own AI ambitions

    
  • Graham Norton pay packet slashed as production company says show 'can't compete'

    The presenter's production company has seen its revenue and profit fall in 2024

    
  • Royal Mail fined £21m by Ofcom for failing to meet delivery targets

    It is the third time in three years that Royal Mail has been fined by Ofcom for missing its delivery targets

    
  • Mexico-Cornwall fusion deli owners become bank ‘ambassadors’

    Pica Rico owners say 'we’ve had such a fantastic reception and our customers come from miles around'

    
  • TalkTalk puts 100 jobs at risk just weeks after PXC restructuring

    Salford group says change 'necessary' to create 'agile and future-focused organisation'

    
  • Newcastle Airport anticipates record six million passengers in 2026

    The airport is also investing £60m in upgrades and extensions to cope with the increased demand

    
  • Fastest 50: North East Businesses On The Rise

    The Ward Hadaway Fastest 50 event will take place on Friday, unveiling the North East's fastest growing companies

    
  • York biotech firm Aptamer Group toasts 40% rise in revenues

    Aptamer demonstrated significant progress in the year, bosses said

    

  

  • Daily Debrief: What Happened Today (Oct 15)

    Stories you might have missed

  • SIA, Scoot passenger traffic up 3.7% in September

    However, the group’s cargo business was affected by Typhoon Ragasa in East Asia

  • ASML orders beat expectations as AI arms race boosts demand

    [AMSTERDAM] ASML Holding shares rose after it said the artificial intelligence boom is fueling demand for its cutting-edge chip-making machines. 

  • Bugatti has ‘absolutely’ no plans to ditch internal combustion engines, says its EV-pioneering CEO

    Electric vehicles are not the future for hypercars, says Mate Rimac, who also sees Asia-Pacific as an ‘untapped’ market for the brand

  • Port fees, cooking oil, export bans: How US-China trade tensions are ramping up and what it means

    Maybank says prediction markets are suggesting that a Trump-Xi meeting is ‘78% likely’ before the end of October

  • IOI starts phased marketing of W Residences Marina View Singapore, from S$3,230 psf

    Developer will release 100 units of the 683-unit branded residence project from Oct 25

  • September new home sales fall to a low, but strong rebound expected in October

    Developers sold 255 private homes in September, down 88.1% on month and 36.4% on year

  • Latest Singapore 1-year T-bill cut-off yield drops to 1.35%

    Figure is down from the 1.68% offered in the auction for the previous one-year tranche in July

  • Trust Bank to launch US equities trading function within its mobile app

    Customers will be invited to open a trading account in the coming weeks

  • HDB launches 9,144 BTO flats, including first in Mount Pleasant, Berlayar estates

    The upcoming blocks will be between 19 and 46 storeys high, and one of them will have rental flats