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
Zambia Inflation Slows to 2023 Low, Sets Stage for Rate Cut
Jul 31 2025
Zambia’s annual inflation cooled to its lowest level since November 2023 as currency appreciation helped curb the cost of imports, strengthening the case for the central bank to cut interest rates.Horizons Middle East & Africa 07/31/2025
Jul 31 2025
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)Hong Kong Economy Grows More Than Expected on Export Strength
Jul 31 2025
Economic growth in Asia’s financial capital grew faster than expected in the second quarter, riding on strong exports as global companies frontloaded shipments to avoid tariffs.Global Thirst for Matcha Drives Top Japanese Tea Brand to Double Prices
Jul 31 2025
A major Japanese tea producer will double prices for some of its matcha products amid exploding global demand and limited supply of the prized green tea powder.Insight with Haslinda Amin 7/31/2025
Jul 31 2025
“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)UK Court to Decide If Car Buyers Deserve Billions in Compensation
Jul 31 2025
It’s long been common practice for lenders to pay UK car dealers a commission to sell their loans to motorists, often without their knowledge.Traders Trim ECB Easing Bets, Favor No More Rate Cuts This Year
Jul 31 2025
Money markets are adding to bets that the European Central Bank will hold interest rates at 2% through to year-end.Tata Steel Eyes Alternative Markets Due to Tariffs
Jul 31 2025
Tata Steel CEO and MD, T.V. Narendran, says the company is planning to explore alternative markets due to rising tariff risks. Speaking exclusively to Bloomberg, Narendran also talks about the impact of Chinese steel overcapacity, and his outlook for iron ore prices. (Source: Bloomberg)Bloomberg Technology
Top South African Court Upholds Vodacom’s Please Call Me Appeal
Jul 31 2025
South Africa’s top court upheld Vodacom Group Ltd.’s appeal against another court’s ruling that it pay a former employee billions of rands in compensation for an idea to develop a popular call-back service that he proposed more than two decades ago.Apple’s India Exports to Emerge Unscathed From Trump Tariffs, For Now
Jul 31 2025
Apple Inc.’s iPhone exports to the US from India will remain untouched by President Donald Trump’s latest 25% tariffs on the South Asian nation, for now.Tokyo Electron Cuts Outlook on Canceled Logic Chip Tool Orders
Jul 31 2025
Tokyo Electron Ltd. slashed its full-year earnings outlook below estimates due to weak investment appetite by some advanced logic manufacturers and a lull in chip gear spending in China.UK Generator Drax Extends Buybacks With Investments on Hold
Jul 31 2025
Drax Group Plc will extend its share buyback program by £450 million ($596 million) over three years after the UK power generator paused two major investments.OpenAI Launches Stargate in Europe With Norwegian Deal
Jul 31 2025
OpenAI has agreed to be an anchor customer for a new data center in Norway, the first European site for the artificial intelligence company’s Stargate infrastructure effort.China Summons Nvidia Over H20 Chip Security Days After US Talks
Jul 31 2025
Chinese authorities summoned Nvidia Corp. to discuss alleged security risks related to its H20 chips, casting doubt over the domestic business of the world’s most valuable company weeks after co-founder Jensen Huang met senior officials in Beijing.OpenAI-Challenger Manus Preps Big Upgrade to Main Agent Platform
Jul 31 2025
Chinese-founded startup Manus is rolling out a feature that allows broad research by assigning tasks to scores of AI agents working in tandem, in potentially the biggest update since launching its signature artificial intelligence platform in March.Samsung’s Chip Profit Tumbles While Investors Seek Bottom
Jul 30 2025
Samsung Electronics Co.’s chip unit plunged a far bigger-than-expected 94% in the June quarter, reflecting the depth of a slump that’s plaguing the world’s largest memory chipmaker.Bloomberg Wealth
Richest Thai Sees $10 Billion Hydro, LNG Projects Driving Growth
Jul 31 2025
Thailand’s richest person, Sarath Ratanavadi, expects $10 billion investments in hydropower projects in neighboring Laos and a new domestic liquefied natural gas terminal to drive his business empire’s growth.Family Office for Hong Kong’s Richest Builds Out Hedge Fund Team
Jul 30 2025
A money manager for some of Hong Kong’s richest families is building a hedge fund team to allocate money away from private equity after its clients asked for more liquid investments.Second-Biggest US Pension Fund Returns 8.5%, Driven by Stocks
Jul 30 2025
The California State Teachers’ Retirement System, the second-largest US public pension fund, returned 8.5% for its latest fiscal year, exceeding its target but lagging behind the country’s largest pension for the second year in a row.Private Credit Has a ‘Real Place’ in 401(k)s, Centerbridge Says
Jul 30 2025
Centerbridge Partners joined the ranks of many alternatives managers that see accessing 401(k) retirement funds as a logical next step for private credit firms.Active Funds Are Scoring In The Great Rotation
Jul 30 2025
Most passive funds are momentum plays — and momentum has stalled this year.