Asia shares rise on AI optimism, receding Fed cut bets lift dollar
Asia shares upbeat on renewed AI optimismGeopolitics loom large, Trump adopts wait-and-see posture on IranDollar gains as traders…
Trump imposes 25% tariff on imports of some AI chips
Tariff aims to boost U.S. semiconductor productionTariff excludes chips for U.S. data centers and startups, consumer applicationsFuture broader…
Strong US retail sales in November showcase economy’s resilience
Retail sales increase 0.6% in NovemberCore retail sales advance 0.4%Producer prices rise 0.2% in November after ticking up…
Exclusive: Pakistan to partner with affiliate of Trump family’s World Liberty Financial on USD1 stablecoin
Pakistan signs deal with World Liberty affiliate SC Financial TechnologiesDeal will explore ’emerging digital payment architecture’World Liberty CEO…
China’s trade ends 2025 with record $1.2 trillion surplus despite Trump tariff jolt
China posts record $1.189 trillion trade surplus in 2025China’s December dollar exports up 6.6% Y/Y, imports up 5.7%;…
Pentagon to invest $1 billion in L3Harris rocket motor business
L3Harris to separate rocket motor unit for IPO in 2026Pentagon’s investment marks first direct-to-supplier partnershipTransaction structure may face…
Allegiant to acquire Sun Country Airlines for $1.5 billion
Jan 11 (Reuters) – Low-cost airline Allegiant (ALGT.O), opens new tab will acquire Sun Country Airlines (SNCY.O), opens…
Dollar drops as US Justice Department subpoenas Fed’s Powell
Powell calls subpoenas a pretext for interest rate influencePowell’s term as Fed chief ends in May, Trump considering…
Oil dips as investors assess Iran supply, Venezuelan export resumption
Iran says situation ‘under total control’ after weekend violenceIran protest deaths exceed 500, rights group saysCompanies scramble to…
Qatar and UAE to join U.S.-led effort to bolster technology supply chain
Qatar and UAE to officially join ‘Pax Silica’ within daysInitiative aims to move the Middle East toward a…
Focus: Rio Tinto’s bid for Glencore piles pressure on BHPÂ
Rio Tinto’s bid for Glencore could trigger rival bidsCopper demand is main driver of mining sector consolidation, analysts…
China is closing in on US technology lead despite constraints, AI researchers say
Chinese AI firms positioned to co-develop hardware and software, industry experts sayLack of advanced lithography machines a main…