(RTTNews) - The South Korea stock market on Friday snapped the four-day winning streak in which it had surged almost 290 points or 4.4 percent to a fresh record closing high. The KOSPI now sits just above the 6,475-point plateau although it may bounce higher again on Monday.
(RTTNews) - The South Korea stock market on Friday snapped the four-day winning streak in which it had surged almost 290 points or 4.4 percent to a fresh record closing high. The KOSPI now sits just above the 6,475-point plateau although it may bounce higher again on Monday.
Hong Kong is known for its speed. Now it is set to move even faster, with plans to shorten stock settlement times from next year – a shift that could strengthen its standing as an international financial centre. The city’s stock market has operated on a T+2 settlement cycle for more than three decades, meaning trades are completed two days after they are executed. That may soon change. Hong Kong E...
Hong Kong is known for its speed. Now it is set to move even faster, with plans to shorten stock settlement times from next year – a shift that could strengthen its standing as an international financial centre. The city’s stock market has operated on a T+2 settlement cycle for more than three decades, meaning trades are completed two days after they are executed. That may soon change. Hong Kong Exchanges and Clearing (HKEX) is consulting the market on a proposal to move to a T+1 cycle, under...
Here’s a fun item to start your week: MrBeast, YouTube’s biggest star, is shopping the film rights to his forthcoming novel with James Patterson. It’s called Most Dangerous Game and it has some similar themes as his TV show, Beast Games , which itself is inspired by Squid Game . If you are a documentarian and/or a climate activist, consider submitting a short documentary to Bloomberg Green Docs. T...
Here’s a fun item to start your week: MrBeast, YouTube’s biggest star, is shopping the film rights to his forthcoming novel with James Patterson. It’s called Most Dangerous Game and it has some similar themes as his TV show, Beast Games , which itself is inspired by Squid Game . If you are a documentarian and/or a climate activist, consider submitting a short documentary to Bloomberg Green Docs. The 2026 competition is open for submissions . Enter your film by August 14 to compete for a $25,000 prize. Five things you need to know My colleague Ashley Carman’s coverage of podcaster Alex Cooper and her husband took over the internet. Cooper and her husband skipped the team meeting where employees’ complaints were addressed. Netflix is in talks to buy Radford, one of the largest studio spaces in Los Angeles. It could serve as the company’s new base of operations in Southern California. South Korean police are looking to arrest the music billionaire who started BTS. Meta is cutting about 8000 jobs — or 10% of its workforce — even as it boosts its capital expenditures to more than $100 billion this year. Google is going to invest up to $40 billion into Anthropic. IHeart and SiriusXM are discussing a deal that would combine the largest radio station owner with the largest satellite radio company in the US. Brian Roberts’ Peacock problem Warner Bros. Discovery shareholders approved a sale to Paramount Skydance this past week, an inevitable but important moment in Hollywood history. The filmmakers petitioning to block the deal are still hoping for lawyers and regulators to intervene. While attorneys general had success against Live Nation, preventing this deal is a long shot. Assuming the deal happens, major questions face the three media giants that made a play for Warner Bros. Let’s start with the first to drop out of the race. What will Brian Roberts do? Comcast Chairman Brian Roberts knows he has a Peacock problem. Comcast has been operating a streaming service for six y...
Asian companies are heading into the busiest week of the current earnings season, offering investors an early glimpse of how the Iran war has affected financial results. Roughly 450 of the more than 1,200 MSCI Asia Pacific Index constituents are due to report earnings, including major Chinese firms from PetroChina Co. to Cosco Shipping Holdings Co. and Air China Ltd. The lineup also features South...
Asian companies are heading into the busiest week of the current earnings season, offering investors an early glimpse of how the Iran war has affected financial results. Roughly 450 of the more than 1,200 MSCI Asia Pacific Index constituents are due to report earnings, including major Chinese firms from PetroChina Co. to Cosco Shipping Holdings Co. and Air China Ltd. The lineup also features South Korea’s LG Electronics Inc. and Indonesian miner PT Bumi Resources. The focus will be on the fallout of the Middle East conflict, with oil and defense firms likely beneficiaries and energy-dependent sectors such as chemicals, transport and consumer goods under pressure. The earnings performance may help define the future momentum of Asian stocks, which have rallied about 12% this year to outperform their Wall Street peers, thanks to investor enthusiasm about AI and China’s economic resilience.
Car bomb kills Sadio Camara at home during coordinated assaults by rebel groups including West African al-Qaida affiliate Mali’s defence minister was killed in an attack on his residence, the government said on Sunday, a high-profile fatality during coordinated assaults staged the previous day by insurgents including the West African affiliate of al-Qaida. A car laden with explosives driven by a s...
Car bomb kills Sadio Camara at home during coordinated assaults by rebel groups including West African al-Qaida affiliate Mali’s defence minister was killed in an attack on his residence, the government said on Sunday, a high-profile fatality during coordinated assaults staged the previous day by insurgents including the West African affiliate of al-Qaida. A car laden with explosives driven by a suicide attacker drove into Sadio Camara’s residence in the town of Kati, the spokesperson, Issa Ousmane Coulibaly, said in a statement read out on state television. A firefight ensued, and Camara sustained injuries from which he later died in a hospital, Coulibaly said, adding that Mali would observe two days of mourning. Continue reading...
Futures Slide, Oil Jumps To 3 Week High After Iran Talks Collapse Stocks futures fell and oil and the dollar jumped in early trading, as risk sentiment was dented after Trump scrapped his envoys' trip to Pakistan for Iran talks, breaking down momentum toward a second round of peace talks between the US and Iran, even as the Strait of Hormuz remains indefinitely blocked. Futures contracts for the S...
Futures Slide, Oil Jumps To 3 Week High After Iran Talks Collapse Stocks futures fell and oil and the dollar jumped in early trading, as risk sentiment was dented after Trump scrapped his envoys' trip to Pakistan for Iran talks, breaking down momentum toward a second round of peace talks between the US and Iran, even as the Strait of Hormuz remains indefinitely blocked. Futures contracts for the S&P 500 Index dropped 0.3% after the underlying index closed at a record on Friday, although with two-thirds of S&P constituents closing red: this was the second worst negative breadth all-time high for the S&P following the bizarre October record high when the S&P printed an ATH with 80% of stocks lower. The last 2 all-time highs have been on negative breadth: Friday's record saw 324 SPX companies close lower; this was the 2nd worst negative breadth record only after Oct 28, 2025 when the S&P closed at a record with 80% of S&P companies red. pic.twitter.com/J5TBJZvvLS — zerohedge (@zerohedge) April 25, 2026 The dollar rose against most major peers, with risk sensitive currencies such as the South African rand among the biggest laggards. Brent crude oil rose more than 2% above $107, the highest in 20 days. US Treasury futures edged lower in early trading. The soft start to a very busy week - the bulk of the S&P is set to report in the next few days including most Mag 7s (MSFT, AMZN, META, GOOGL, AAPL) - comes after efforts to resume US-Iran peace talks collapsed over the weekend when Trump abruptly canceled a planned trip by his top envoys and Tehran said it won’t negotiate under threat. The setback adds to concerns for global equities at or near record highs (hedge funds just sold the most tech stocks in two years ) with Brent crude oil rising to a 20 day high elevated bond yields from Sydney to London driving up borrowing costs. Investors are still encouraged by strong corporate earnings and the AI boom “while keeping the US-Iran situation on their side mirrors,” said Indo...
IFM Investors Pty. has launched a takeover bid for toll road operator Atlas Arteria Ltd. , arguing the Sydney-listed group it already partly owns has underperformed on returns, strategy and operations. The asset manager is offering A$4.75 ($3.39) a share in cash, rising to A$5.10 if acceptances combined with its existing holding take its stake to 45%, according to a statement from IFM Monday. IFM,...
IFM Investors Pty. has launched a takeover bid for toll road operator Atlas Arteria Ltd. , arguing the Sydney-listed group it already partly owns has underperformed on returns, strategy and operations. The asset manager is offering A$4.75 ($3.39) a share in cash, rising to A$5.10 if acceptances combined with its existing holding take its stake to 45%, according to a statement from IFM Monday. IFM, which is backed by Australian pension funds, already owns 34% of Atlas Arteria, according to data compiled by Bloomberg. The offer values the company at up to A$7.4 billion, according to Bloomberg calculations, with the higher price implying an 18% premium to Atlas Arteria’s closing share price on Friday. The shares jumped as much 15.5% on Monday in Sydney to A$5.00. Atlas Arteria said it would establish an independent board committee to assess the offer, and update shareholders in due course, adding it had not been approached by IFM before receiving the bidder’s statement. Atlas Arteria owns toll roads in France, Germany and the US, including the Chicago Skyway. IFM strongly opposed the Chicago acquisition in 2022, warning at the time it could dilute distributions — and that those concerns were shared by other major shareholders. In its statement Monday, IFM said Atlas Arteria hadn’t increased its distributions for four years. “Atlas Arteria’s earnings quality has also deteriorated following the acquisition of Chicago Skyway, as additional leverage has been utilised to support shareholder distributions,” IFM said Monday. The bid documents also outlined strong concerns on increasing corporate costs and an absence of toll rate increases to is Dulles Greenway asset in Virginia. Shares in Atlas Arteria have struggled this year, touching their lowest since 2020 earlier in April.