Bank of Korea keeps rate at 3% after two consecutive hikes
Inflation eased to 2.9% in September but remained above target, while strong exports supported growth.
Globe And Street: global business and finance news
Companies
Automattic cuts jobs across teams as insiders anticipate more layoffs
CEO Matt Mullenweg said terminations remained at normal levels, while the company said it was staggering organizational changes to provide more generous severance.
Economy & Policy
Japan's major banks report stronger corporate demand for funding
A Bank of Japan survey showed demand improving despite rate increases, as the central bank assesses how earlier tightening is affecting corporate financing.
- WorldEU trade committee chair urges broader agreement with China
- MarketsStocks advance on AI earnings as French bond yield tops 5%
- Economy & PolicyBank of Korea keeps rate at 3% after two consecutive hikes
- CompaniesAutomattic cuts jobs across teams as insiders anticipate more layoffs
- IPO & DealsFlapping Airplanes lands $1 billion round at reported $6 billion valuation
- Energy & CommoditiesBritain clears Jackdaw gas drilling after emissions review
- Crypto & Digital AssetsCrypto chip-stock contracts see nearly $52 million in liquidations
- FinanceBlackstone’s Khaira disputes fears of an AI debt crisis
- TechWaymo adds Las Vegas airport rides with limited initial access
EU trade committee chair urges broader agreement with China
Bernd Lange wants investment included in wider negotiations as European lawmakers prepare to visit China on October 27 to 29.
Stocks advance on AI earnings as French bond yield tops 5%
The Nasdaq gained 1.05%, while Carrefour shares fell about 13% after the French retailer lowered its guidance because of protests.
BOJ's Himino backs further rate increases as inflation nears target
The deputy governor said low real borrowing costs and expanding bank lending showed monetary conditions remained loose despite the latest rate increase.
Meta plans non-voting shares to expand funding options for AI push
The planned stock dividend would give existing shareholders a new share class while preserving the voting power of Class A and B holders.
Flapping Airplanes lands $1 billion round at reported $6 billion valuation
The AI lab is pursuing models that need less training data, with the aim of lowering training and operating costs.
Britain clears Jackdaw gas drilling after emissions review
The government forecasts an 11-year operating life and a £2.9 billion economic contribution, while opponents question benefits for household bills.
Crypto chip-stock contracts see nearly $52 million in liquidations
Bullish positions accounted for about $38 million as selling moved from Binance to Hyperliquid while Wall Street was closed.
Blackstone’s Khaira disputes fears of an AI debt crisis
Khaira said major technology customers support infrastructure lending, while acknowledging higher borrowing costs and wider credit spreads.
Waymo adds Las Vegas airport rides with limited initial access
Harry Reid International becomes the sixth major airport served by Waymo, with service initially restricted to a small group of riders.