World-Lagging Thai Stocks See Investors Moving Money Into Regional Rivals
For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unraveling, and not even cheap valuations can save the day.
For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unraveling, and not even cheap valuations can save the day.
Taiwan will shut down its second-to-last nuclear plant on Saturday in a move likely to make the island at the center of US-China tensions even more dependent on the outside world for energy.
Billionaire Bill Ackman’s US closed-end fund is facing a delay to its highly-anticipated initial public offering as it awaits regulatory approval.
Driverless technology startup WeRide Inc. filed for what could be the biggest US initial public offering by a Chinese company since ride-share company Didi Global Inc.’s disastrous 2021 listing.
Trampled by markets and attacked by angry executives, short sellers now find themselves confronting their biggest worry yet: the US government.
Gabrielle “Ellie” Rubenstein, a daughter of Carlyle Group Inc. co-founder David Rubenstein, resigned from the board of Alaska’s sovereign wealth fund following allegations that she improperly interfered with investment decisions.
Thoma Bravo is seeking as much as $2.74 billion for about half of its shares in Nasdaq Inc., according to people familiar with the matter, as it looks to sell down the stake it acquired as part of a transaction last year.
Developing-nation assets suffered their first back-to-back weekly loss since May, pulled lower by lingering concerns around the Chinese economy and a rout in technology stocks.
The extent of the devastation from the wildfire that swept through Alberta’s resort town of Jasper is starting to emerge, as fire crews continue to fight the massive blaze that has engulfed the iconic national park in the Canadian Rockies.
Wall Street’s sure-fire, money-minting trade of 2024 – going all-in on Big Tech – was upended this week, sparking stock volatility across the board and thrashing momentum-chasing investors along the way.
Hedge funds haven’t been this disappointed by gasoline demand since the depths of the pandemic, with speculators slashing their net-bullish bets as the US summer driving season continues to underwhelm.
US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.
Wall Street is already starting to game plan for the US government’s next debt-ceiling standoff, looking ahead to the Treasury’s estimated cash balance for clues on how much bill supply will be coming down the pipeline.
Soybean futures fell the most in a month as traders take profits and weather forecast show improving crop weather in the US.
Small-cap stocks have been on a tear this month but Bank of America Equity Strategist Jill Carey Hall thinks the rally could see a pause in the near term.
Umicore SA delayed plans for its C$2.8 billion ($2 billion) Ontario electric vehicle battery materials plant as consumer adoption falls short of expectations.