HANOI, Vietnam (AP) — Vietnam’s biggest conglomerate, Vingroup, is moving into global markets as business at home slows, planning nearly two dozen projects in at least 15 countries, from a “Vietnam Town” in Uzbekistan to smart cities in India and a riverfront development in Congo. Profits from Vingr
By Gregor Stuart Hunter, Rae Wee and Jihoon Lee SINGAPORE/SEOUL, July 29 (Reuters) – South Korean stocks plunged for a second straight session on Wednesday as Asia’s sparkling AI-fuelled rally turns into a record-breaking rout that is torching small investors. The benchmark KOSPI index dived as much
SINGAPORE, July 29 (Reuters) – Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corp, has begun rolling out an agentic AI platform that will cut new account opening times for wealth clients down to 15 business days from more than 30. Here are some details: • The platform, named
July 29 (Reuters) – Aston Martin’s second-quarter loss narrowed from year ago, backed by solid sales of its Valhalla plug-in hybrid supercar and strict cost discipline, the British luxury carmaker said on Wednesday. The carmaker has been navigating U.S.-tariffs and taxes on luxury cars in its major
By Ariane Luthi ZURICH, July 29 (Reuters) – UBS booked a 17% jump in second-quarter profit on Wednesday, ahead of expectations, and said it plans to buy back shares worth $3 billion by the middle of next year at the latest. Of that, it intends to repurchase at least $1 billion of shares over the nex
TOKYO (AP) — Asian shares were mixed but South Korea’s Kospi stock index dropped 7% on Wednesday as doubts over massive investments in artificial intelligence once again led investors to dump chipmaker shares. U.S. futures edged lower. The latest rout was led by a plunge in shares in chipmaker SK Hy
A look at the day ahead in European and global markets from Ankur Banerjee Blockbuster earnings from chipmaker SK Hynix did little to quell investor fear about AI risk as a rout in chip stocks deepened, setting the stage for results from Big Tech firms this week. SK Hynix’s April-June operating prof
NEW DELHI (AP) — In an affluent neighborhood in Delhi, electric vehicle charging stations near a popular shopping area were busy with drivers powering up their scooters, trucks and cars. India’s capital city is in dire need of more charging facilities, EV drivers say, to implement an ambitious plan
By Ankur Banerjee SINGAPORE, July 29 (Reuters) – Asian stocks rebounded on Wednesday after a brutal selloff a day earlier as anxiety about valuations, rising competition and AI spending rocked markets ahead of crucial earnings from big tech firms and a Federal Reserve policy decision. Oil prices jum
LOS ANGELES (AP) — Members of the Hollywood Foreign Press, which founded and for decades owned the Golden Globe Awards, have sued Penske Media Corporation and others, alleging they engaged in fraud to acquire the valuable awards show in an attempt to create an entertainment industry monopoly. The la
NEW YORK (AP) — Two months after a major shakeup, CBS’s “60 Minutes” has hired a lineup of new correspondents and contributors in time for its 59th season, including Ross Douthat, a conservative opinion columnist at The New York Times, and Norah O’Donnell, former anchor of “CBS Evening News.” The sh
By Nora Eckert DETROIT, July 28 (Reuters) – Ford Motor on Tuesday raised its annual profit outlook for a second time this year, following rival GM’s move last week, citing “resilient” customers who are buying the company’s pricey pickup trucks. Ford’s shares were up 5.4% in after-hours trading after
By Rae Wee SINGAPORE, July 29 (Reuters) – The U.S. dollar held near a one-month high on Wednesday as hostilities flared anew in the Middle East, while traders awaited a key Federal Reserve interest rate decision later in the day. The Australian dollar slid after inflation data came in below expectat
By Laila Kearney NEW YORK, July 29 (Reuters) – Oil prices rose by more than $2 a barrel in early trade on Wednesday on shrinking U.S. crude inventories, recouping some of the previous session’s losses caused by a pause in fighting between Washington and Tehran. Brent futures increased by $2.71, or 3
July 28 (Reuters) – Cadbury parent Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, helped by steady demand for biscuits and chocolates in key markets, as well as higher pricing. Its shares rose nearly 2% in extended trading, after the company also
TORONTO (AP) — Amazon’s Prime Video will exclusively broadcast Wednesday night national NHL regular-season games in Canada in English and French beginning next season as part of a new 12-year licensing agreement with Rogers Communications Inc. announced Tuesday. The streaming service will also carry
WASHINGTON (AP) — A White House teleprompter operator who was put on unpaid leave after news reports he had used inside knowledge to make bets about President Donald Trump’s speeches on the online prediction market Kalshi is no longer in his post, according to a White House official. The official, w
By Shariq Khan and Nicole Jao NEW YORK, July 28 (Reuters) – The American Petroleum Institute opposes tolls or transit fees for vessels crossing the Strait of Hormuz, the top U.S. oil industry trade group’s chief executive Mike Sommers told Reuters in an interview on Tuesday. Reuters reported that Om
By David Lawder WASHINGTON, July 28 (Reuters) – U.S. President Donald Trump said on Tuesday that he does not care about updating the North American trade agreement as Canada disclosed plans to send senior trade officials to Washington for more talks this week amid new tariffs and heightened trade te
NEW YORK (AP) — Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another. The service, known as X Money, is not a new bank. X Money is using technology and banking services provided by Cross River Bank, and br
NEW YORK (AP) — A school district in a rural corner of upstate New York is hitting pause on plans to deploy an AI-powered, humanoid robot in the classroom after state education officials, teachers and local residents raised concerns, including the maker’s ties to a company that produces hyper realis
NEW YORK (AP) — A labor union and two female prison employees filed a lawsuit Tuesday accusing a U.S. civil rights agency of unlawfully halting their sexual harassment case as part of wider order to indefinitely suspend proceedings in all federal-sector class claims. The lawsuit claims that the Equa
WASHINGTON (AP) — Five states have agreed to accept nuclear waste from around the country in exchange for federal help developing nuclear energy to create thousands of jobs. The states — Tennessee, Louisiana, Oklahoma, Utah and Idaho — all have Republican governors who say they welcome the chance to
By Prakhar Srivastava July 28 (Reuters) – Visa beat Wall Street estimates for third-quarter revenue and profit on Tuesday, as resilient consumer spending and strong travel demand boosted transaction volumes at the world’s largest payment processor. Consumer spending stayed steady despite inflationar
By Jamie McGeever ORLANDO, Florida, July 28 (Reuters) – European and U.S. stock markets on Tuesday shrugged off a deep slump in Asia earlier in the day, following another sharp fall in oil prices and growing optimism around peace talks between the U.S. and Iran, while investors also awaited key tech
Minnesota’s first-in-the-nation law banning prediction markets is halted in federal court HARRISBURG, Pa. (AP) — A federal judge has temporarily blocked Minnesota’s law banning prediction markets, which was set to take effect Saturday. The decision marks a clash between President Donald Trump’s admi
BOSTON (AP) — eBay Inc. agreed to pay almost $50 million to a Massachusetts couple who said former employees of the company targeted them with threats and bizarre anonymous deliveries — including live insects, a funeral wreath and a bloody pig Halloween mask, according to settlement details released
By David Shepardson WASHINGTON, July 28 (Reuters) – The U.S. aviation regulator on Tuesday proposed new rules to speed up approval of commercial space missions like SpaceX’s rocket and satellite launches by no longer requiring them to follow provisions of 13 environmental and other laws. The Federal
College sports marketing company Learfield saw a 123% increase in female athlete participation in name, image and likeness compensation activities over the 2025-26 fiscal year, the company revealed in a report released Tuesday. Solly Fulp, Learfield’s head of NIL, doesn’t think the rapid surge is a
Andy Lippman, the Los Angeles bureau chief during the O.J. Simpson trial and the L.A. riots during a 39-year career with The Associated Press, has died at age 78. Lippman died at his home in Tucson on July 25, according to his brother, Glenn. He died from multiple system atrophy, a rare brain diseas
