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Japan stocks higher at close of trade; Nikkei 225 up 0.66% Source link
But when it comes to the gravest matters that prime ministers have to deal with – security, power around the world, or the country’s long-term economic stability, we’re perhaps yet to see if Burnham’s ambition for No 10 is accompanied by truly new big ideas that match the scale of his rhetoric.There are worries on the right of the Labour Party that Burnham has not absorbed the reality of the country’s economic position – years of stuttering growth, and sky-high levels of debt that leave the UK incredibly vulnerable to the financial markets’ judgements, whether he likes it or not.…
UK Prime Minister Andy Burnham told Laura Kuenssberg his dog Axel will be staying in Greater Manchester and will not be moving to No 10 Downing Street.Burnham revealed he does not think his poodle-mix would get along with Larry the cat, who has lived at the residence for 15 years.Watch Panorama Andy Burnham: The Laura Kuenssberg Interview on iPlayer from 06:00BST, and on BBC One at 20:00BST on Mon 27 Jul 2026. Source link
As the U.S. military conflict with Iran enters its sixth month, President Donald Trump has returned to a more familiar battleground: global trade.Trump on Friday launched a fresh tariff blitz targeting 60 trading partners, including the European Union, China, the U.K. and Canada. The latest wave of tariffs — which took effect at 12:01 a.m. E.T. Friday, replacing the stopgap 10% baseline tariff that expired July 24 — range from 10% to 12.5%.Initial market reaction Friday was muted, with the renewed tariff push largely anticipated by investors, given the approaching expiry of the previous duties. That contrasts with the ‘shock…
Factbox-Hong Kong IPO-bound Shein’s management and ownership structure Source link
Asia stocks advance ahead of Fed, CXMT soars on market debut Source link
Investing.com– Shares of Chinese memory chipmaker CXMT Corp (688825.SS) soared more than 470% in their Shanghai stock market debut on Monday, propelling the company to become China’s most valuable listed firm. The stock opened at 49.50 yuan, 472% above its IPO price of 8.66 yuan, giving the company a market capitalization of 3.3 trillion yuan ($487.3 billion), ahead of state-owned banking giant Industrial and Commercial Bank of China (). Get real-time updates on market-moving news with InvestingPro subscription — avail 60% off now CXMT, China’s leading DRAM memory chipmaker, raised 57.92 billion yuan ($8.6 billion) in the listing, with proceeds…
Nvidia in talks with OpenAI to guarantee $250 billion financing for data center, WSJ reports Source link
General view of CXMT office buildings is seen in Shanghai, China, on July 15, 2026, as CXMT raises billions for AI technology (Photo by Ying Tang/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Chinese chipmaker Changxin Technology Group rose about 470% Monday as they debuted on Shanghai’s tech-heavy STAR Market. The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share. Shares surged to 49 yuan apiece on open. Based on sales figures for the fourth quarter of 2025, CXMT held a 7.67% share of the global DRAM market in 2025, according…
By Wayne Cole SYDNEY, July 27 (Reuters) – Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices sharply lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and corporate earnings. Iran said on Sunday it would halt its own attacks as long as the United States did the same, with the U.S. military reportedly concerned about dwindling supplies of ammunition. Yet, Yemen’s Iran-aligned Houthis had still attacked Saudi oil installations along the Red Sea coast, threatening another waterway vital to the global oil trade.…