Iran’s IRGC says it hit four vessels in the northern Gulf and three more struck mines near the strait of Hormuz
Oil prices jumped to a five-month high on Thursday after attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world’s crude supply.
Brent crude, the international benchmark for oil prices, rose by 3% to hit $112 a barrel for first time since 18 May.
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© Photograph: Reuters
© Photograph: Reuters
© Photograph: Reuters
Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday
India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn.
Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is targeting a 10.3tn rupees valuation when it floats on the stock market from Wednesday.
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© Photograph: Amit Dave/Reuters
© Photograph: Amit Dave/Reuters
© Photograph: Amit Dave/Reuters
The $48bn giveaway comes amid concerns about the tech and as the company prepares for a stock market listing
Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing.
The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline.
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© Photograph: Dado Ruvić/Reuters
© Photograph: Dado Ruvić/Reuters
© Photograph: Dado Ruvić/Reuters
Difference between French and German borrowing costs widens after public buildings burned and shops looted
France has been hit by a fresh wave of selling in its bond and stock markets after violent protests over the weekend led to thousands of arrests and left public buildings burned and hundreds of shops looted across the country.
The chaos has spooked investors as analysts worried that it would undermine Paris’s efforts to cut spending and reduce its debt.
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© Photograph: SDIS 87/AFP/Getty Images
© Photograph: SDIS 87/AFP/Getty Images
© Photograph: SDIS 87/AFP/Getty Images
Difference between French and German borrowing costs widens after public buildings burned and shops looted
France has been hit by a fresh wave of selling in its bond and stock markets after violent protests over the weekend led to thousands of arrests and left public buildings burned and hundreds of shops looted across the country.
The chaos has spooked investors as analysts worried that it would undermine Paris’s efforts to cut spending and reduce its debt.
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© Photograph: SDIS 87/AFP/Getty Images
© Photograph: SDIS 87/AFP/Getty Images
© Photograph: SDIS 87/AFP/Getty Images
Consultancy says companies quoted on London stock market issued 65 in three months to end of September
The number of profit warnings from UK-listed companies has risen to the highest level in two years, as the war in the Middle East triggers a surge in costs for businesses before the budget.
With less than a fortnight before John Healey’s tax and spending statement to the Commons, the consultants EY-Parthenon said companies quoted on the London stock market had issued 65 warnings in the three months to the end of September.
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© Photograph: Gareth Fuller/PA
© Photograph: Gareth Fuller/PA
© Photograph: Gareth Fuller/PA
Chip makers and tech investors such as Samsung and SoftBank plunge as potential interest rate hikes spook markets
An accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes spooked traders already wary of the heavily indebted sector.
South Korea’s benchmark Kospi 200 index, which is heavily skewed towards the companies that make memory chips, fell more than 8% overnight to a six-month closing low, triggering circuit breakers that brought trading to a halt at various points.
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© Photograph: Lee Jin-man/AP
© Photograph: Lee Jin-man/AP
© Photograph: Lee Jin-man/AP
TOKYO – China gave global investors one of 2026’s biggest AI thrills. Yet the country that helped ignite excitement about artificial intelligence is home to one of the worst-performing major stock markets. While AI fever has propelled Seoul, Taipei and Tokyo higher, Chinese shares are stuck in reverse.
So what gives? Several forces, actually. Weak household demand, for one. Consumer spending continues to disappoint, weighing on the earnings potential of mainland internet companies, automakers, and retailers.
The post Why China is missing the big AI rally appeared first on Asia Times.
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