Asian Stocks Drop From Record High, Oil Steadies: Markets WrapNew!!
Asian shares retreated from record highs as efforts to secure a US-Iran peace deal showed little progress and investors paused after a blistering AI-driven rally.
Singapore’s CapitaLand Sheds 10% of China Staff in DownturnNew!!
CapitaLand Investment Ltd. said its workforce in China plunged by about 10%, or 365 people, last year as the asset manager continues to grapple with a major real estate crisis in Asia’s largest economy.
South Korea Overtakes India as World’s Sixth-Largest Stock MarketNew!!
South Korea’s equity market has overtaken India’s as the world’s sixth largest, driven by a relentless surge in chip heavyweights powering the global artificial intelligence buildout.
Short Seller Andrew Left Found Guilty of Securities FraudNew!!
Andrew Left, one of the world’s most prominent short sellers, was found guilty of securities fraud by a federal jury after a landmark trial that scrutinized his use of social media to move the price of stocks.
Oil Holds Biggest Gain in a Month on Standoff in US-Iran TalksNew!!
Oil steadied after its biggest gain in about a month, as uncertainty about the state of US-Iran peace talks raised the risk that energy flows from the Persian Gulf could be curtailed for longer.
Billionaire Kazakh Brokerage CEO Gets SEC Enforcement WarningNew!!
The billionaire CEO of Kazakhstan-based Freedom Holding Corp. has received a so-called Wells Notice from the US Securities and Exchange Commission, a formal warning that the Wall Street regulator may take enforcement action.
Optimum Pushes Apollo, Ares Debt Feud to Brink With Asset ShiftNew!!
One of the most bitter feuds in distressed-debt investing, between billionaire Patrick Drahi and some of the world’s biggest investors, has suddenly gotten even more contentious.
Gold Holds Decline as Traders Weigh Confusion Over US-Iran TalksNew!!
Gold held a decline as conflicting signals from the US and Iran cast doubt over a diplomatic resolution to the war, fanning concerns over inflation and prolonged trade disruptions.
Elliott Buys Stake in Top Australia Gold Miner Northern StarNew!!
Elliott Investment Management LP has built a stake in Australia’s biggest gold miner Northern Star Resources Ltd. and is pushing for a strategic review, including a potential sale.
Chinese Curbs Risk Derailing Record Hong Kong Home-Buying SpreeNew!!
Chinese buyers who spent more than ever on Hong Kong real estate in the first quarter now face a hurdle from tighter rules on wealthy people in the mainland taking cash overseas.