World News Feed

Drax Beats Forecasts Despite Lower Profit, Impairment Hit

Drax Group Plc’s profit declined last year but exceeded analyst estimates, helping lift the shares to their highest level in almost two decades despite significant …

Sony Expands Buyback Plan Through May to $1.6 Billion

Sony Group Corp. is expanding its ongoing share buyback program to as much as ¥250 billion ($1.6 billion), up from its previously announced ¥150 billion, …

Hong Kong Exchange’s Quarterly Profit Rises 15% on Trading Jump

Hong Kong’s stock exchange posted a 15% gain in net income as a flood Chinese firms sought to sell shares and trading jumped.

UBS Sees 20% Upside for China Stocks on Reflationary Potential

Chinese stocks may gain another 20% as rising inflation expectations translate into better earnings, according to UBS Securities Asia Ltd.

Yen Outperforms G-10 Peers After Report Sustains Rate Hike Bets

The yen led gains among Group-of-10 currencies as a media report backed expectations that the Bank of Japan remains on a tightening path.

World’s Top Money Managers Favor Emerging Markets, Citi Says

Global asset managers who collectively oversee more than $20 trillion of assets have grown more bullish across emerging-market equities, currencies, domestic bonds and credit, potentially …

Australian Capex Powered by Renewables, Backing RBA Stance

Australian business investment rose more than expected in the final three months of last year, buoyed by a surge in renewable energy projects and suggesting …

Oil Climbs as US-Iran Nuclear Talks Keep Investors on Edge

Oil inched higher on signs that talks between the US and Iran remain tense, rekindling fears of a military conflict that could disrupt supplies from …

Gold Steadies as Traders Eye US Tariffs and Iran Nuclear Talks

Gold steadied, as traders weighed geopolitical tensions in the Middle East and the impact of US tariffs on global trade.

Anthropic Drops Hallmark Safety Pledge in Race With AI Peers

Anthropic, which for years billed itself as a safer alternative to artificial intelligence rivals, has loosened its commitment to maintaining its guardrails, one of the …

Optimum Says Kirkland Quitting Proves Wall Street ‘Cartel’

Optimum Communications Inc. said a top law firm’s withdrawal from representing it under pressure from Apollo Global Management, Ares Management, Oaktree Capital Management and others …

Zoom Gives Weaker Profit Outlook in Push to Expand Product Suite

Zoom Communications Inc. gave a profit outlook that fell short of analysts’ estimates, suggesting higher costs for the company while it aggressively pitches its expanded …

BlueScope Calls Revised Takeover Bid Inadequate, Open to Deal

Australia’s BlueScope Steel Ltd. said a revised bid from Steel Dynamics Inc. and SGH Ltd. undervalues the company, but remains open to a better offer.

CME Restarts Gas and Metals Futures Trading After Glitch

Trading in US natural gas futures was halted for more than half an hour on Wednesday, the second major disruption in a month in one …

Tech Stocks Push S&P 500 Higher as Traders Await Nvidia Earnings

US stocks gained on Wednesday as Nvidia Corp., the top-weighted S&P 500 Index stock, climbed ahead of the chipmaker’s earnings report after the market close.

EU Sets March Date for Customs Race in Prelude to ECB Tussle

European Union nations are just weeks away from a decision on where to host the bloc’s new customs agency, in what could be an initial …

ECB Mustn’t Be Complacent on Inflation, Vujcic Says

The European Central Bank must remain alert to dangers despite officials having wrested back control over prices, according to Governing Council member Boris Vujcic.

Treasuries Head for Biggest Drop in Week as Risk Appetite Jumps

Treasuries fell and the dollar slipped as investors exited haven assets following advances in tech stocks.

China Warns US It Will Respond If Trade Probe Spurs New Tariffs

China warned it will take “all necessary measures” if the US uses a probe into a 2020 trade deal to impose fresh tariffs, after Washington …

Strong Earnings Not Enough to Power Stocks Past AI, Credit Worry

Corporate America just delivered one of the strongest earnings seasons in recent memory, but you wouldn’t know it looking at the stock market.

Omnicom Is Selling Bonds for the First Time Since 2024

Omnicom Group Inc. offered bonds in Europe and the US for the first time since 2024 on Wednesday, the advertising heavyweight’s initial offerings since completing …

Diageo Tumbles After New CEO Makes Clear There’s No Easy Fix

Diageo Plc’s shares slumped the most on record after new Chief Executive Officer Dave Lewis set out the scale of turnaround needed at the British …

European and UK Stocks Hit Records Powered by Banks and Miners

What’s at Stake for Oil If Iran-US Tensions Escalate

Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could …