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Asian stocks swing as traders bide time ahead of US rate decision
Asian stock markets were mixed Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day. Still Asian traders remained cautious, after a tepid day on Wall Street.
US Fed set for first rate cut of 2025 as Trump pressure looms
The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles competing forces in the path forward -- with heightened political pressure and likely divisions among its ranks. Since its last cut in December, the Fed has held interest rates at a range between 4.25 percent and 4.50 percent.
Broadway jeering Caesars Times Square casino bet
The casino industry's quest to bring gambling to Manhattan faces a key test this week when an advisory panel weighs a Times Square proposal that has enraged much of Broadway. The two sides squared off last week at a rowdy public hearing, where Broadway League President Jason Laks was cheered by a sea of theater union workers in red "Vote No" t-shirts as he made his case.
Trump extends delay on US TikTok ban until mid-December
US President Donald Trump on Tuesday extended a delay on enforcing a ban against TikTok until December 16, marking the fourth postponement of a law designed to force the app's sale from its Chinese owner.
IEA says more oil and gas investment may be needed
New oil and gas projects may be necessary to maintain current production levels, the IEA said Tuesday, as it is in a public feud with the Trump administration over its forecasts for lower demand.
Nestle says chairman Paul Bulcke to step down
Nestle on Tuesday announced that its longtime chairman Paul Bulcke had decided to step down, just weeks after the Swiss food giant suddenly fired its chief executive over an office relationship.
Hollywood giants sue Chinese AI firm over copyright infringement
Top Hollywood studios filed a federal lawsuit Monday against Chinese artificial intelligence company MiniMax, alleging massive copyright infringement. "MiniMax operates Hailuo AI, a Chinese artificial intelligence image and video generating service that pirates and plunders Plaintiffs' copyrighted works on a massive scale," states the complaint filed in Los Angeles federal court.
US Fed opens key meeting after Trump aide sworn in as governor
The US Federal Reserve started a key interest rate meeting Tuesday, hours after Donald Trump's new appointee narrowly won confirmation to join the central bank -- while another top official fights her removal by the president.
Thyssenkrupp says India's Jindal Steel makes bid for steel business
India's Jindal Steel International has made an offer for Thyssenkrupp's steel division, the German company said Tuesday, in what would be a mega-deal for the struggling industrial titan. It confirmed in a statement that it had received a "non-binding" offer from Jindal Steel International for the purchase of Thyssenkrupp Steel Europe (TKSE).
AFP
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