Latest Corporate News
China Sets Lowest Growth Target Since 1991
China announced its lowest economic growth target since 1991 during a policy meeting, signaling cautious outlook. This comes as Chinese stocks are poised for gains ahead of the meeting. Asian markets, including Korea, lead a rebound.
Morgan Stanley to Lay Off 3% of Workforce
Morgan Stanley plans to cut about 3% of its global workforce amid market turmoil. The layoffs were highlighted in live business coverage. This reflects broader Wall Street adjustments.
Goldman Sachs CEO Warns of Private Credit Frothiness
Goldman Sachs CEO David Solomon, speaking in Sydney, cautioned about 'frothiness' in private credit markets. He emphasized Australia's importance to Goldman Sachs' global footprint. Solomon visits annually for client events.
China Plans Slowest Defense Spending Rise Since 2022
China will implement its slowest increase in defense spending since 2022. This announcement follows the low growth target reveal. It indicates restrained military budget expansion.
China to Issue 800B New Policy Financing Tools
China plans to issue 800 billion in new policy financing tools to support economy. This breaking development aims to boost growth amid lowered targets. Markets react positively in Asia.
Canadian PM Carney Calls for Middle-Power Blocs
PM Mark Carney addressed Australia's Parliament, warning of shifting US-led global order. He urged Canada, Australia to lead coalitions on critical minerals, defense, and AI. New agreements signed on minerals and supply chains.
Canada-Australia Sign Critical Minerals Deals
Canada and Australia, top mining nations, signed agreements on critical minerals including G7 alliance. They boast $25B war chest for global projects and lead in attractive jurisdictions. Focus on supply chain resilience and processing.
KKR Prepares Shopping List Amid Market Turmoil
KKR states it's making a shopping list of acquisition targets during current market volatility. This opportunistic strategy was noted in business news. It highlights private equity activity.
US Trade Court Orders $175B Trump Tariff Refunds
A federal judge mandated refunds of $175 billion in invalidated Trump-era tariffs for all importers. This follows Supreme Court involvement and deals a blow to prior policy. Massive refund process to begin.
Asian Stocks Poised for Rebound Led by Korea
Asian stocks, particularly in Tokyo and Seoul, are set for rebound after volatility. Fibonacci Asset Management comments on Korean stock swings. Positive momentum ahead of China policy announcements.
Oil Prices Extend Gains on US-Iran Tensions
Oil extends gains as US and Iran vow to continue conflict. This escalates geopolitical risks impacting energy markets. Business coverage notes sustained pressure.