[ WALL Street’s main indexes ticked lower on Friday after a hotter-than-expected producer prices report pushed back market speculations of imminent interest rate cuts by the U.S. Federal Reserve. A Labor Department report showed U.S. producer prices increased more than expected in January amid strong gains in the costs of services, which could amplify worries … Read more
[ KUALA LUMPUR: Graphjet Technology Sdn Bhd, a green graphite producer, is eyeing a Nasdaq debut with a US$1.49 billion (RM7.10 billion) pro-forma enterprise value following the greenlighting of its de-Spac transaction by the United States Securities and Exchange Commission. Graphjet said this development is a milestone in its journey towards becoming a publicly traded … Read more
[ NEW YORK: US stocks ended firmer on Thursday, with the Dow Jones Industrial Average notching its second straight record high close, lifted by optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve.Apple hit an intra-day record high before surrendering some of its gains to close up 0.08%.Tesla … Read more
[ US STOCKS were poised for a higher open on Wednesday as fresh data signaled signs of cooling inflation ahead of the Federal Reserve’s final policy decision of the year, where it is widely expected to leave interest rates unchanged. The Labor Department’s report showed the Producer Price Index (PPI) for final demand rose 0.9% … Read more
[ Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price at HK$115 per share, top-end of the range, after the short video platform set a record as the most oversubscribed deal ever in Hong Kong attracting retail investors’ demand totalling HK$1.28 trillion (US$164.8 billion), … Read more
