Globe And Street: global business and finance news

MarketsNov 1, 9:49 PM

US stock futures rise ahead of Apple earnings as oil falls

Asian shares were mixed, while Brent crude fell 2.0% as talks aimed at ending the US-Israeli war on Iran continued.

MarketsNov 1, 8:34 PM

Asian stocks fall as AI spending concerns weigh on tech

Apple, AMD and Palantir earnings are due after Intel's nearly 29% slide on Friday. US stock futures rose despite the decline in Asian shares.

TechNov 1, 4:34 PM

Energy North scraps start date for Australian data center as review stalls

The environmental regulator has set no new review deadline for Project Ares, a proposed 1 gigawatt campus powered by gas and solar.

Latest

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Nov 1, 9:49 PMMarkets
US stock futures rise ahead of Apple earnings as oil falls
Nov 1, 8:34 PMMarkets
Asian stocks fall as AI spending concerns weigh on tech
Nov 1, 4:34 PMTech
Energy North scraps start date for Australian data center as review stalls
Nov 1, 7:18 AMEconomy & Policy
Kärcher CEO urges Germany to cut bureaucracy and encourage more work
Nov 1, 7:03 AMEnergy & Commodities
OPEC+ expected to hold December oil output targets steady
Oct 31, 6:49 PMEconomy & Policy
Vietnam announces electricity price cut and zero gasoline tax
Oct 31, 6:04 PMTech
Apple CEO Ternus says AI should serve products, not be an end in itself
Oct 31, 1:18 PMWorld
OIC anti-corruption officials seek closer cooperation on asset recovery
Oct 31, 1:04 PMTech
Spotify eyes AI song remixes with extra subscriber fee, report says
Oct 31, 11:48 AMTech
DoorDash reports limited ordering activity from outside AI agents

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World

OIC anti-corruption officials seek closer cooperation on asset recovery

Delegates in Azerbaijan focused on implementing a treaty designed to speed cross-border investigations and the return of stolen funds.

Oct 30, 1:18 PMTurkic leaders back closer transport links between Asia and Europe
Oct 21, 12:18 PMEU trade committee chair urges broader agreement with China
Oct 19, 12:34 PMQatar to unveil defense partnership as minister warns energy crisis has not peaked
Oct 18, 11:19 AMRubio visits Uzbekistan for Central Asia talks with business delegation

Markets

Nasdaq 100 drops 3.5% as Intel and Reddit lose 29%

The Nasdaq composite had its worst month since March 2025, while concerns over artificial intelligence spending weighed on major technology companies.

Oct 30, 1:33 PMTech selloff drags global stocks lower as bonds and oil rise
Oct 30, 12:05 PMNasdaq 100 faces October market value loss above $2 trillion
Oct 30, 8:03 AMGlobal equity funds attract $10.19 billion as inflows ease
Oct 29, 10:48 PMNikkei falls as much as 3% as AI spending concerns hit chip stocks

Economy & Policy

Vietnam announces electricity price cut and zero gasoline tax

The government says the measures, effective November 1, aim to lower household and business costs and support economic stability.

Oct 31, 7:03 AMChina's manufacturing PMI falls to 49.3 as demand weakens
Oct 30, 10:18 PMJapan expects higher government revenue from faster BOJ ETF sales
Oct 30, 2:49 PMSEC scrutinizes AI companies' disclosures as bubble concerns grow
Oct 30, 11:33 AMEU to add €2 parcel handling fee on November 1

Companies

Capgemini lifts 2026 growth forecast after revenue rises 12%

The French IT consultancy now expects revenue growth of 9.0% to 9.5% at constant exchange rates, its second increase in guidance this year.

Oct 30, 9:33 AMReddit drops 23% on user warning as Pinterest falls after revenue forecast
Oct 30, 8:48 AMAstraZeneca profit rises 23% as drugmaker launches savings program
Oct 30, 7:33 AMPanasonic raises annual profit outlook 20% as AI demand beats expectations
Oct 29, 9:18 PMIntel shares fall 23% after hours as cash flow and revenue outlook weaken

IPO & Deals

OpenAI cuts funding target by $10 billion, media report says

The ChatGPT maker is seeking about $20 billion, with a UAE investor consortium expected to be the largest participant.

Oct 30, 10:03 PMNvidia discusses debt guarantee for Nscale’s West Virginia AI campus
Oct 30, 8:04 PMSalesforce reaches deal to buy Rune for reported $375 million
Oct 30, 6:18 PMBlackstone expects speculative-grade rating for Anthropic after IPO
Oct 30, 4:18 PMCrosby bids for Weil Gotshal assets as law firm prepares dissolution vote

Energy & Commodities

OPEC+ expected to hold December oil output targets steady

Gulf members have been increasing exports after months of war-related disruption, but most are still producing well below their targets.

Oct 30, 3:33 PMAlliant expects contracts for 1 GW of additional data-center demand
Oct 28, 8:48 PMUS crude falls to $101.86 as traders assess Middle East supply risks
Oct 28, 12:33 PMConstellation gets $5 billion loan commitment for nuclear upgrades
Oct 27, 7:19 AMOPEC+ likely to leave December output targets unchanged, sources say

Crypto & Digital Assets

Binance investigates possible breach as frozen crypto reaches $2.54 billion

Tether and Circle froze assets linked to the incident, while Binance paused Alpha trading and said withdrawals would resume once the issue was resolved.

Oct 28, 6:03 PMCoinbase expands stablecoin lineup with Ripple's RLUSD
Oct 23, 6:34 PMBank of Italy official urges lenders to invest amid digital uncertainty
Oct 23, 12:05 PMWells Fargo, Arm and Intuit reject share tokenization on OKXICE
Oct 18, 7:19 AMCrypto chip-stock contracts see nearly $52 million in liquidations

Finance

Apple Pay and Google Pay become available for Uzbekistan-issued cards

Support initially covers eligible cards from eight local institutions for Apple Pay and nine banks for Google Pay, with domestic networks still to be added.

Oct 30, 4:48 PMSEC grants clearing exemptions for certain affiliate and non-U.S. repos
Oct 27, 8:05 PMBank of America warns customers not to give AI agents their logins
Oct 26, 9:34 PMSumitomo Life keeps Japanese bond investment pace steady
Oct 26, 3:49 PMMeiji Yasuda expands Man Group private-credit backing to $1.3 billion

Tech

Apple CEO Ternus says AI should serve products, not be an end in itself

John Ternus defended Apple’s AI position following delays to an upgraded Siri and said the company would use the technology in new products.

Oct 31, 1:04 PMSpotify eyes AI song remixes with extra subscriber fee, report says
Oct 31, 11:48 AMDoorDash reports limited ordering activity from outside AI agents
Oct 31, 11:18 AMStartups use AI to recover savings when airfares fall after booking
Oct 31, 10:03 AMHuman approval remains standard in Singapore firms’ HR use of AI