Asian stocks skid, Wall Street and bonds aided by oil slip
Asian stocks fell while Wall Street and bonds gained as lower oil prices eased inflation concerns.
Finance
BOJ chief says underlying inflation 'quite close' to price goal
Bank of Japan chief says underlying inflation is “quite close” to the central bank’s price goal, signaling growing confidence in sustained inflation.
Oil falls from five-month high as supply intact despite fighting
Oil slips from five-month high as Middle East supply holds despite clashes; Brent near $108, WTI near $100. US says Gulf flows at 80% of pre-conflict levels.
Japan's Daiichi Life unit tables offer to take over Australia's Challenger
A unit of Japan's Daiichi Life has submitted a takeover offer for Australia's Challenger.
Greenback falls as Fed hike bets fade, AI jitters linger
The dollar fell for the first week in over a month versus the euro and yen as Fed rate-hike bets faded, while AI stock sell-off jitters lingered.
‘All of this is going to pass’: Nvidia CEO Jensen Huang on AI market turmoil
Nvidia CEO Jensen Huang says AI sell-off will pass, calling AI transformative for all industries. Despite chip stocks' recent slump, he urges investors to focus on fundamentals.
Europe: Shares close out best week since June as earnings soften blow from tech sell-off
European shares rose, posting best week since June, as strong earnings from ASML, Aixtron, and Ericsson offset a tech sell-off driven by AI debt concerns.
US stocks: Wall Street ends down sharply; worries about AI trade, high oil prices weigh
Wall Street fell sharply as AI-related tech stocks slumped on debt and valuation concerns, while surging oil prices from Middle East supply worries added to investor caution.
Wall Street tumbles as worries about AI trade and high oil prices weigh
Wall Street fell as AI-related tech stocks dropped on debt concerns, while surging oil prices over Middle East supply worries spooked investors into caution.
IMF chief urges cooperation on AI and war risks, as US hails economic momentum
IMF chief urges global cooperation on AI and war risks, while the US hails economic momentum.
Stocks slip as dollar heads for weekly loss
Stocks fell while the dollar headed for a weekly loss, reflecting market uncertainty.
China’s plan to make renminbi a global currency enters faster phase
China is accelerating renminbi internationalization by expanding offshore investment products, derivatives, financing channels, and cross-border clearing to deepen global use.