Yen firms as Wall Street sell-off unsettles investors
The Japanese yen firmed against the dollar on Wednesday as investors scurried to safer assets after a sharp sell-off on…
Nvidia just recorded the biggest single-day wipeout by a US company
Nvidia’s stock fell 9.5% due to concerns about AI and the US economy. Investors are worried about economic indicators and…
Intel’s Dow status under threat as struggling chipmaker’s shares plunge
Intel was one of the first two tech companies to join the Dow Jones Industrial Average during the late-’90s dot-com…
Nokia signs fibre deal with AT&T after losing network contract to Ericsson
U.S. telecoms operator AT&T and Finnish network equipment maker Nokia have signed an agreement to build a fibre network in…
Cathay Pacific inspections find 15 A350s need engine parts replaced
Hong Kong’s Cathay Pacific Airways said on Tuesday it had inspected its entire Airbus A350 fleet after the in-flight failure…
Exclusive-Tesla plans six-seat Model Y, production slated for 2025 in China
Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with…
Dollar nudges at two-week highs; yen back in focus
The dollar hovered close to a two-week high on Tuesday as investors geared up for a slew of economic data,…
Travel industry to contribute record $11 trillion to global GDP in 2024
A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels,…
Oil Steadies as China Demand Concerns Offset Libyan Disruptions
Oil steadied as concerns over China’s dour economic outlook offset supply disruptions in Libya. Brent traded near $77 a barrel…
Tesla’s China sales have best month of the year in August
Tesla’s sales in China logged their best month for the year so far in August, with the U.S. electric vehicle…