News

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Fri, 13 Feb 2026 21:30:05 GMT

OPEC+ Eyes April Output Hike

OPEC+ is leaning toward resuming oil output increases from April as demand rises and Brent trades near six-month highs.

Fri, 13 Feb 2026 18:30:04 GMT

Hong Kong Banks' Profit Growth Slows

Hong Kong retail banks' profit growth slowed to 7.3% as rising bad debts and thinner margins offset wealth income, data from the Hong Kong Monetary Authority showed.

Fri, 13 Feb 2026 15:30:07 GMT

Memory Prices Surge 600%, Hitting China Tech Firms

A global chip crunch has pushed memory prices up over 600%, squeezing Chinese smartphone and broadband device makers amid AI-driven demand.

Fri, 13 Feb 2026 12:30:07 GMT

Goldman Sachs Lawyer Resigns Over Epstein Emails

Goldman Sachs Chief Legal Officer Kathy Ruemmler will step down after emails revealed close ties to Jeffrey Epstein.

Fri, 13 Feb 2026 09:30:04 GMT

Global EV Sales Dip in January

Global EV sales fell 3% to 1.2M units as demand slumped in China and North America, data from Benchmark Mineral Intelligence

Fri, 13 Feb 2026 07:40:06 GMT

Deutsche Bank Expands in Emerging Markets

Deutsche Bank plans to hire up to 50 private bankers in emerging markets, boosting wealth services and Lombard lending growth.

Thu, 12 Feb 2026 21:30:06 GMT

BMW Recalls 575,000 Cars Over Fire Risk

BMW recalls about 575,000 vehicles worldwide due to a faulty starter motor that could increase fire risk in worst-case scenarios.

Thu, 12 Feb 2026 18:30:07 GMT

China Warns France Over EU Tariff Push

China may probe French wine or impose tariffs if Paris backs EU tariffs on Chinese goods, escalating trade tensions; no action yet from France.

Thu, 12 Feb 2026 15:35:06 GMT

Kraft Heinz Halts Split, Shares Fall

Kraft Heinz pauses company split as CEO Steve Cahillane focuses on profitable growth; forecasts muted 2026 earnings.

Thu, 12 Feb 2026 12:30:05 GMT

UK Deals with OpenAI Linked to Mandelson Lobbying

Global Counsel, co-founded by Peter Mandelson, worked for OpenAI and Palantir before both signed UK government contracts, raising conflict-of-interest questions.

Thu, 12 Feb 2026 09:30:05 GMT

Ford Q4 Misses Expectations, Posts Net Loss

Ford reports Q4 net loss of $11.1B and FY loss of $8.2B, hit by EV charges; Q4 EPS $0.13 vs. $0.19 expected, revenue in line at $42.4B.

Thu, 12 Feb 2026 06:30:07 GMT

HK Residential Plot Sold for US$230M

China Overseas Land & Investment wins HK$1.8B bid for Kowloon East site, set to build 470 flats, outbidding eight rivals.

Thu, 12 Feb 2026 03:30:04 GMT

HK Investors Rethink Panama Stakes

Hong Kong investors are reassessing Panama investments after a port dispute, with Chief Executive John Lee urging fair treatment for local firms.

Wed, 11 Feb 2026 21:30:05 GMT

EU Voters Back Possible Ban on X

47% of Europeans support banning X if it keeps breaking EU rules, with most urging stronger action over compliance concerns.

Wed, 11 Feb 2026 18:30:04 GMT

China Lifts Yuan to 33-Month High

PBOC set yuan at 6.9438, strongest since mid-2023, as investors shift from US dollar assets over Fed and debt concerns.

Wed, 11 Feb 2026 15:30:11 GMT

Siemens Energy Profit Jumps

Siemens Energy's quarterly net profit nearly tripled to €746 million, driven by strong AI-led demand for gas turbines and grid equipment. Wind unit losses narrowed.

Wed, 11 Feb 2026 12:30:06 GMT

Heineken to Cut 6,000 Jobs

Heineken will cut up to 6,000 jobs, nearly 7% of staff, as weak beer demand hits profits. The brewer also lowered its 2026 profit outlook.

Wed, 11 Feb 2026 09:30:09 GMT

Swatch Under Pressure

Swatch faces calls to boost innovation, cut weaker brands, and reform governance as profits fall and shares lag rivals. Turnaround may take years.

Wed, 11 Feb 2026 06:30:05 GMT

BP Halts Buybacks to Cut Debt

BP paused its $750m quarterly buyback to reduce debt, met Q4 profit forecasts, wrote down renewables, and shares slid over 5%.

Wed, 11 Feb 2026 03:30:09 GMT

Salesforce Cuts Jobs

Salesforce trimmed under 1,000 roles across marketing, product, data and AI teams as firms streamline amid rising AI adoption.

Tue, 10 Feb 2026 21:30:05 GMT

Morgan Stanley rehiring boosts deal push

Morgan Stanley has rehired veteran banker Michael Grimes as investment banking chairman, positioning the bank for a surge in major tech IPOs.

Tue, 10 Feb 2026 18:30:10 GMT

Target boosts store staffing, cuts 500 roles

Target will invest more in frontline store staff and training while eliminating about 500 office and supply-chain jobs to streamline operations.

Tue, 10 Feb 2026 12:30:06 GMT

Barclays profit rises 12%, sets new targets

Barclays reported a 12% rise in annual profit and set higher targets through 2028, focusing on its home market, AI cost cuts and shareholder returns.

Tue, 10 Feb 2026 09:30:04 GMT

US container imports drop 6.8% in January

U.S. ports saw a 6.8% fall in January imports from a year ago, pointing to more normalized trade after 2025's tariff-driven surge.

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