The Australian | Business | World Business News
FBI probes possible J.P. Morgan hacking
Aug 27 2014
THE Federal Bureau of Investigation is probing a possible computer hacking attack on J.P. Morgan Chase & Co.Snapchat valued at $10bn
Aug 26 2014
KLEINER Perkins Caufield & Byers has agreed to invest in ephemeral message service Snapchat at a valuation of close to $US10 bn.Rosneft poised for Arctic LNG stake
Aug 26 2014
ENERGY giant Rosneft is poised to take control of a new Arctic Circle LNG project planned for an area of northern Russia fronting the Barents Sea.Global tech to transform over 3 weeks
Aug 26 2014
THE world’s tech will undergo a transformation over just three weeks with a bonanza of new phones, tablets, smart watches and OLED 4K TVs.Young diners not lovin’ it
Aug 25 2014
MCDONALD’S revenues have slumped and there’s one key reason: Millennials aren’t Maccas fans, choosing fresher, healthier food instead.Former IBM chief John Akers dies
Aug 24 2014
JOHN Akers, who led IBM as its longtime dominance of the computer industry began to wane, has died, aged 79.Bangladesh next in Seek strategy
Aug 20 2014
ONLINE jobs and education group Seek will continue expansion into international markets.Buffett joins $200K club. Membership: 1
Aug 15 2014
IMAGINE if you’d spent a grand on a single Berkshire Hathaway share 31 years ago. That stock just passed $US200,000 and is still climbing.Bloomberg Markets
Offshore Funds Boost Won Hedges on Trade Angst, Hana Bank Says
Oct 16 2025
Foreign investors are piling into South Korean won hedges amid concern the currency market hasn’t fully priced in the downside risks from a $350 billion investment pledge tied to a trade deal with the US.Warner Joins Race to Develop K-Drama With Korea Streaming Deal
Oct 16 2025
Warner Bros. Discovery Inc. is entering a race to produce original Korean content by teaming up with one of the country’s biggest media conglomerates, seeking to catch early movers Netflix Inc. and Disney.Imax Poised to Pounce With Buyback if Market Sours on Hollywood
Oct 16 2025
Imax Corp.’s Chief Financial Officer Natasha Fernandes sees an opportunity to buy back shares at an attractive price in the event of a broader selloff in the entertainment industry.BlackRock’s Powell: China-US Too Dependent to Decouple
Oct 16 2025
Ben Powell of BlackRock Investment Institute says the US and China remain heavily interdependent and both sides will remain constrained when it comes to how aggressive they can be in a trade war. (Source: Bloomberg)Hedge Fund-Style Products to Reshape $900 Billion Indian Market
Oct 16 2025
A new investment product that brings sophisticated strategies to affluent Indians is set to usher in a fresh era for the nation’s asset managers.Santos Trims Gas Output Outlook After Barossa Outage and Floods
Oct 16 2025
Santos Ltd. trimmed its natural gas production outlook, citing a software failure that stalled a key export project and the impact from floodwaters in Australia.Thai Banks Face Lending Income Hit as Weak Economy Persists
Oct 16 2025
Four of Thailand’s largest banks are expected to post sharp declines in third-quarter net interest income as the nation’s persistently high household debt and weakening economy weigh on their business.Apollo Names Japan Ex-GPIF CIO as Asia-Pacific Head for Growth
Oct 16 2025
Apollo Global Management recruited Eiji Ueda, former chief investment officer of one of the world’s largest pensions, to lead its expanding Asia-Pacific business, the $840 billion alternatives giant said.Bloomberg Technology
Battery Recycler That Jumped 1,000% Plunges After US Grant Loss
Oct 15 2025
A battery-metals recycler that saw a 1,000% jump in its stock price in a year plummeted after a key US government grant was canceled.Griffin Says GenAI Fails to Help Hedge Funds Beat Markets
Oct 15 2025
Generative artificial intelligence isn’t helping hedge funds produce market-beating returns and isn’t meaningfully impacting the industry so far, according to billionaire Ken Griffin.Apple’s Head of ChatGPT-Like AI Search Effort to Leave for Meta
Oct 15 2025
The Apple Inc. executive leading an effort to develop AI-driven web search is stepping down, marking the latest in a string of high-profile exits from the company’s artificial intelligence division.Thiel, Bezos Back Startup Treating Tumors With Sound Waves
Oct 15 2025
Peter Thiel’s Thiel Bio and Jeff Bezos’ Bezos Expeditions are among the investors backing health-care company HistoSonics Inc. at a $3 billion valuation — betting that its technology that can help treat tumors using sound waves.Tekscend Shares Rise 19% From IPO Price in Tokyo Trading Debut
Oct 15 2025
Tekscend Photomask Corp. shares gained 19% in their debut on the Tokyo Stock Exchange Thursday after the maker of semiconductor material concluded a $1 billion initial public offering last week.Salesforce Projects Return to Double-Digit Revenue Growth
Oct 15 2025
Salesforce Inc. projected revenue growth will accelerate to double digits in the coming years, potentially easing investor concerns about the pace of business at the software company.Hong Kong Tycoon Richard Li’s Phone Company Faces US Ban
Oct 15 2025
The US Federal Communications Commission took steps to block one of Hong Kong’s largest phone companies from accessing domestic telecom networks, citing national security concerns.ASML Earnings Signal AI Demand Holding Strong | Bloomberg Tech 10/15/2025
Oct 15 2025
Bloomberg’s Caroline Hyde breaks down ASML’s earnings as the AI boom continues to fuel demand for its cutting-edge chip-making machines. Plus, deals to develop data centers just keep coming, among them Microsoft and UK startup NScale inking a fourth deal. And, Apple updates its top-of-the-line iPad Pro and other products with its own in-house chip. (Source: Bloomberg)Bloomberg Wealth
Philippines’ Richest Man Faces Scrutiny Over Empty Land’s 25,000% Value Gain
Oct 16 2025
Nothing about the largely empty stretch of land on the outskirts of Manila hints at how it produced a vast overnight fortune. Or a staggering writedown.What’s Behind Gold’s Historic Rally
Oct 15 2025
Today on the Big Take: Gold thrives in times of uncertainty. But the scale and the speed of today’s rally exposes deeper concerns about the global economy.