Author: franperez66q@protonmail.com
Why is Prosus stock surging today? Source link
BT Group revises FY27 guidance after international JV formation Source link
Asian stocks still have room to run even after a blistering first-half rally, while investors should continue diversifying into commodities as geopolitical shocks reinforce long-term demand for metals and energy infrastructure, Goldman Sachs said. The Wall Street bank highlighted that the same structural themes driving Asia’s equity outperformance — artificial intelligence, power infrastructure and defense spending — are also strengthening the case for commodities, particularly copper and gold. In its second-half Asia equity outlook, Goldman urged investors to “stick with the winners,” arguing that earnings growth, rather than valuations, remains the dominant driver of markets. The bank retained an overweight…
China’s Universal Scientific shares fall as ASE Tech plans to trim stake Source link
As Europeans scramble to stay cool amid a record-breaking heatwave, Big Tech faces its own battle to keep the powerful chips in AI data centers running.Temperatures this week have underscored the impact the weather can have on infrastructure like factories, nuclear power plants and data centers. Extra demand from air conditioning units can overload power grids, causing blackouts that can disrupt infrastructure. And it’s not just in Europe.Over the past three years, severe weather has become the leading cause of loss in Zurich’s U.S. data center builders’ risk portfolio. It now drives a third of the company’s losses, Zurich’s Head…
Any additional downside for Bitcoin from current levels around $60,000 could further weigh on investor sentiment, said Matt Maley, a strategist at Miller Tabak. While Wall Street firms continue to invest in the digital asset space, retail investors — who were a major force behind previous crypto rallies — have moved their focus to high-growth AI and technology stocks, Maley said. Recent notable outflows in bitcoin ETFs are also suggesting that investor enthusiasm has weakened, he added. “The cryptocurrency has also shown signs of decoupling from the equity market…raising concerns that it may not benefit from broader stock market strength,” Maley…
Toyota sales fall for fourth month in May as declines in China, US and Middle East weigh Source link
A general view of the Baidu logo is seen at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai, China, on July 28, 2025.Ying Tang | Nurphoto | Getty ImagesHong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion. Prospective investors were asked to buy semiconductors worth three to seven times the value of their intended investment in Kunlunxin’s planned listing, The Information reported Sunday, citing two sources familiar…
File photo: The Japanese national flag flies in front of the container pier in the Tokyo port.Toshifumi Kitamura | Afp | Getty ImagesChina on Monday blacklisted four Japanese government defense research institutes and imposed tighter export restrictions on dozens of other Japanese entities, escalating a months-long campaign to limit Tokyo’s access to Chinese-origin dual-use goods.The Ministry of Commerce added 20 entities, including the National Institute for Defense Studies and research centers for ground, naval, and air systems, to the export control list. Several units under Mitsubishi Electric and Mitsubishi Heavy Industries were also targeted. Domestic exporters, as well as overseas…
Why is Mitsubishi Heavy Industries stock rallying today? Source link