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The world is awash in predictions. From the algorithms that suggest our next purchase to the language models that anticipate our next word, it's clear that predicting the future has become a fundamental aspect
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Slovakia has released 250,000 tons of emergency oil reserves for its Slovnaft refinery after Russian oil supplies were halted, while Wall Street strategists are grappling with the S&P 500's biggest weekly drop since November. Meanwhile, the Additional Tier 1 bond market is seeing record demand, with a rare issuer setting a new record in a key metric of value.
Slovakia has released 250,000 tons of emergency oil reserves for its Slovnaft refinery after the halt of Russian oil supplies, while Wall Street strategists are grappling with the S&P 500's biggest weekly drop since November. Meanwhile, a rare issuer has set a record in the Additional Tier 1 bond market, highlighting the current demand for riskier bank debt.
From record-breaking tobacco production in Zimbabwe to the growing trend of murder mystery tourism, and Kenya's efforts to take advantage of lower borrowing costs, here's a look at some of the top news stories from around the world.
The European Central Bank is keeping a close eye on foreign exchange trends, ready to respond to any potential impact on inflation, while Heidelberg Materials AG is reportedly seeking to double its stake in Turkish cement producer Akcansa Cimento AS.
SBI Funds Management Ltd., India's largest asset manager, is set to file draft papers for an initial public offering (IPO) next month, which could be the biggest listing by an asset management company in the country. The IPO is expected to raise around $1.5 billion, according to people familiar with the matter. This move is seen as a significant development in India's financial sector.
The UK's inflation rate has dropped to its lowest level since March 2025, sparking predictions of an interest-rate cut, while Lombard Odier faces a lawsuit from portfolio managers, and CVC Capital Partners and LEO Pharma make strategic moves to expand their presence in key markets.
The UK's inflation rate has dropped to its lowest level since March 2025, sparking hopes for an interest-rate cut, while private equity firms like CVC Capital Partners and LEO Pharma are making strategic moves to expand their presence in key markets.
Turkish football club Galatasaray's shares surged after a major win, while Glencore's Congo copper mine secured a land deal to increase production. Both victories showcase the power of strategic partnerships and determination in achieving success.
Turkish football club Galatasaray's shares surge after defeating Juventus in the UEFA Champions League, while Glencore's Congo copper mine agrees on a land deal to increase production, showcasing two significant wins in the world of business and sports.
BAE Systems, a leading defense contractor, forecasts steady earnings growth after a record year, while a separate investigation reveals the influential yet low-key role of a Norwegian diplomat in Jeffrey Epstein's network.
BAE Systems, a leading defense contractor, forecasts steady earnings growth after a record year, as the global defense spending landscape continues to evolve. Meanwhile, a lesser-known Norwegian diplomat has been linked to convicted sex offender Jeffrey Epstein, raising questions about the intersection of politics, diplomacy, and power.
Dubai stocks surge to their highest level since 2014, while Glencore's profit slides due to declining coal earnings. Meanwhile, Battery Ventures raises $3.25 billion for new tech investments, and ECB President Christine Lagarde's term end remains uncertain.
The Reserve Bank of India has proposed new rules requiring banks to report their offshore rupee transactions, a move analysts say will further tighten the authority's grip on the currency market. The proposal aims to increase transparency and oversight in the offshore rupee market. The new rules are expected to have significant implications for banks and traders operating in the market.
The Reserve Bank of India's proposal to require banks to report their offshore rupee transactions is set to further tighten the authority's grip on the currency market, according to analysts. The move aims to increase transparency and oversight in the offshore market. This development is seen as a significant step in the RBI's efforts to regulate the currency market.
Copper prices have trimmed their losses as risk assets, including equities, advanced in thin holiday trading. George Cheveley, Natural Resources Portfolio Manager at Ninety One, attributes the rebound to the metal being "dragged to the US" by tariff threats. This development comes as gold prices also rose, surpassing $4,900 an ounce.
Copper prices have trimmed losses from earlier in the week, rebounding as risk assets including equities advance in thin holiday trading. According to George Cheveley, Natural Resources Portfolio Manager at Ninety One, copper is being dragged to the US due to tariff threats. Gold has also advanced above $4,900 an ounce as dip-buyers snapped up the metal.
The used watch market is experiencing a significant rebound, driven primarily by the strong demand for ultra-high-end Patek Philippe timepieces made from precious metals. This trend indicates a shift in consumer preference towards rare and exclusive luxury watches. As a result, collectors and investors are seeking out these limited-edition models.
As money managers express concerns over companies' overinvestment, Dexus CEO Ross Du Vernet downplays the impact of artificial intelligence on real estate demand. Meanwhile, a significant loan deal in Australia highlights the growing trend of private credit financing.
A recent change in market sentiment has led to a rotation in investment strategies, with many money managers now worried about companies overinvesting. Meanwhile, the CEO of Dexus downplays concerns about the impact of artificial intelligence on real estate demand, and private credit lenders provide a significant loan to an Australian health-equipment manufacturer.
The Philippines is set to auction large-sized peso bonds on Wednesday, marking the first such sale since April, as the government seeks to boost economic growth through increased spending. This move is part of the country's efforts to stimulate its economy. The sale comes as the government aims to finance its development projects.
Smaller companies in India are experiencing a surge in earnings, while a Japanese accounting group is pushing for relaxed rules on insurer bond losses, signaling a potential shift in market sentiment.
A surge in earnings among India's small-cap firms and a potential easing of rules on Japanese life insurers' bond losses are offering a glimmer of hope for investors in the Asia-Pacific region. Smaller firms in India posted a 29% jump in December-quarter earnings, while a Japanese accounting group is seeking to relax rules on how life insurers book paper losses on government bonds.
Activist investor Starboard Value is pushing Riot Platforms Inc. to expedite its transformation from a Bitcoin miner to a data center company. The move could potentially attract hyperscaler tenants. The request was made in a letter reviewed by Bloomberg News.