Billionaire Gautam Adani charged in New York with massive fraud, bribery scheme
Gautam Adani and others are accused in the New York indictment of paying Indian government officials $250 million to secure solar energy supply contracts.
Financial News
Japan exports rise more than expected in October, rebounding from 43-month low
Japan’s trade deficit expanded to 461.2 billion yen ($2.98 billion), compared to September’s revised figure of 294.1 billion yen.
China’s vice premier vows to boost Hong Kong competitiveness, says stimulus push has ‘benefited’ the city
Chinese Vice Premier He Lifeng and several top financial policymakers have gathered at the third Global Financial Leaders Investment Summit.
K-pop agencies mostly struggled in third quarter — but 2025 may bring financial recovery
All of the “Big Four” companies, except JYP Entertainment, posted falls in profits for the third quarter of 2024.
Netflix said a record 60 million households worldwide tuned in for Jake Paul versus Mike Tyson fight
The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books.
Palantir jumps 11% to a record after announcing move to Nasdaq
Palantir’s stock has been on a tear since the company’s better-than-expected earnings report last week, which was a day before the U.S. presidential election.
China retail sales beat forecasts in October while real estate slump worsens
Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.
Chinese AI startup takes aim at OpenAI’s Sora with image-to-video tool launch
Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Many market watchers predicted a bearish year ahead for crude.
China’s state-owned tobacco behemoth is booming, defying global trends and anti-smoking efforts
Powered by “the biggest tobacco company most people have never heard of,” China is bucking global smoking trends as cigarette sales surge in the country.