Germany’s Ifo Business Climate Index Improves to 88.4 in October—Economic Recovery Hopes Rise
Germany’s Ifo Business Climate Index climbed to 88.4 in October, beating forecasts and signaling improved business sentiment as companies anticipate economic recovery in 2025.
Qualcomm unveiled new AI chips for data centers, signaling a direct challenge to Nvidia and sending its shares up 18% as it expands beyond smartphones into the booming AI infrastructure market.
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Qualcomm Steps Up Competition With Nvidia—Shares Surge 18% After Unveiling AI Chips for Data Centers
Qualcomm unveiled new AI chips for data centers, signaling a direct challenge to Nvidia and sending its shares up 18% as it expands beyond smartphones into the booming AI infrastructure market.
Japan Finance Minister Says US Treasury Secretary Gives Positive Assessment of 'Sanaenomics' as Successor to Abenomics
US Treasury Secretary Scott Besant praised Japan's 'Sanaenomics' as a successful continuation of Abenomics, boosting the Nikkei 225 to a record high above 50,000 points.
US Treasuries Weaken on Hopes for US-China Summit
US Treasury yields rose as risk appetite improved following progress in US-China trade talks, easing uncertainty ahead of a potential leaders’ summit.
The US dollar edged lower as markets focused on US-China trade talks and improved German business sentiment, with the euro and pound gaining modestly and attention turning to upcoming central bank meetings.
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US Dollar Slightly Weaker as Markets Eye US-China Trade Talks, German Economic Outlook Improves
The US dollar edged lower as markets focused on US-China trade talks and improved German business sentiment, with the euro and pound gaining modestly and attention turning to upcoming central bank meetings.
US Treasury Secretary Scott Besant signaled that a South Korea-US trade deal is unlikely to be finalized at the upcoming summit, though negotiations are nearing completion, with both sides addressing complex issues including non-tariff barriers and future investment plans.
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US Treasury Secretary Says Trade Deal Not Finalized for 29th, But Nearing Completion
US Treasury Secretary Scott Besant signaled that a South Korea-US trade deal is unlikely to be finalized at the upcoming summit, though negotiations are nearing completion, with both sides addressing complex issues including non-tariff barriers and future investment plans.
SK Square has repaid 150 billion won ($110 million) to financial investors in its One Store subsidiary via a price return swap, easing high interest and IPO pressures while lowering funding costs.
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SK Square Repays One Store FI Investment—Eases High Interest and IPO Pressure
SK Square has repaid 150 billion won ($110 million) to financial investors in its One Store subsidiary via a price return swap, easing high interest and IPO pressures while lowering funding costs.
South Korea and Malaysia have concluded a free trade agreement, liberalizing over 90% of goods and expanding market access for Korean automobiles and steel, marking Seoul’s 27th FTA and strengthening economic ties with a key ASEAN partner.
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South Korea, Malaysia Conclude FTA Talks—27th FTA Partner for Seoul
South Korea and Malaysia have concluded a free trade agreement, liberalizing over 90% of goods and expanding market access for Korean automobiles and steel, marking Seoul’s 27th FTA and strengthening economic ties with a key ASEAN partner.
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