News
Important Only
Novo Nordisk to Cut 9,000 Jobs and Lowers Profit Growth Forecast; Analysts See Positive Signals
TradingKey - On Wednesday, September 10, Danish pharmaceutical company Novo Nordisk (NVO), known for its obesity drugs Wegovy and Ozempic, announced a restructuring plan involving global job cuts of 9,000 employees and a third downward revision of its profit growth forecast this year. This move mark
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Thu, Sep 11
Oracle Wins $300 Billion AI Computing Contract, Fueling 10% SoftBank Stock Surge
TradingKey - On Thursday, SoftBank Group's stock price surged nearly 10% in the Japanese market, driven by positive sentiment surrounding U.S. tech giant Oracle's strong performance and surging demand for artificial intelligence cloud services, becoming the core driving force behind the Nikkei...
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Thu, Sep 11
Alibaba Raises $3.2B in Second Zero-Coupon Bond of 2025, with 80% Directed Toward Cloud Infrastructure
TradingKey - On September 11, Alibaba Group announced plans to issue zero-coupon convertible senior notes with a principal amount of approximately $3.2 billion, maturing on September 15, 2032, as unsecured senior debt.
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Thu, Sep 11
43% Surge Propels Market Cap Past $1 Trillion! Oracle Lifts Ellison to Top, Eyes Top 10 in S&P 500
TradingKey - On Wednesday (U.S. Eastern Time), Oracle (ORCL.US) surged as much as 43% following the announcement of multiple major contracts, closing up nearly 36% at $326.33, a new all-time high.TradingKey
Thu, Sep 11
Klarna’s IPO Soars Then Fades: What Went Wrong on Its First Day?
TradingKey - Despite raising its offering price significantly and securing over 20x subscription demand, Klarna’s debut saw a sharp pullback after an initial surge, with a final gain of about 15% — far below the explosive rallies seen in recent hot listings like Circle, Figma, and Bullish.
TradingKey
Thu, Sep 11
India's IT sector nervous as US proposes outsourcing tax
Many big-name US companies rely on Indian outsourcingBill tabled to tax US firms hiring overseas staff over AmericansDeliberations could prompt firms to delay signing IT contractsFirms set to lobby against bill, take legal action, experts sayBy Haripriya Suresh and Urvi Dugar BENGALURU, Sept 11 (Reuters
Thu, Sep 11
Asian equities see first monthly foreign outflow in four months in August
By Gaurav Dogra Sept 11 (Reuters) - Asian equities saw sharp outflows in August as worries over U.S. President Donald Trump's tariffs weighed on the outlook for the region's exporters, while a weaker dollar added to margin pressures and competitiveness concerns.Foreigners sold a net $8.8 ...Reuters
Thu, Sep 11
Japanese investment in foreign stocks hit 4-month high as Fed cut bets mount
Sept 11 (Reuters) - Japanese weekly net investments in foreign stocks were at their highest in four months last week, on expectations that the Federal Reserve would cut interest rates at its September policy meeting to support the cooling U.S. labour market.Reuters
Thu, Sep 11
Dollar steady as inflation data and central banks take focus
SINGAPORE, Sept 11 (Reuters) - The dollar stabilised in Asia on Thursday after an unexpected drop in U.S. factory-gate prices bolstered expectations the Federal Reserve will cut rates next week, with traders now awaiting U.S. consumer price data later in the day.Reuters
Thu, Sep 11
Asian stocks rally to record highs on Fed rate-cut hopes
Sept 11 (Reuters) - Asian equities surged on Thursday, with benchmark indexes in Japan, Taiwan and South Korea hitting record highs, underscoring strong investor optimism ahead of a widely expected rate cut by the U.S. Federal Reserve next week.Reuters
Thu, Sep 11
Nejatian Joins, Opendoor Gains "Tech DNA" and Soars 40%
TradingKey - On Wednesday (U.S. Eastern Time), U.S.-based online real estate platform Opendoor Technologies (OPEN.US) announced the appointment of Kaz Nejatian, former Chief Operating Officer of Shopify, as its new Chief Executive Officer and Board Member. Following the news, Opendoor’s stock surged
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Thu, Sep 11
Japan wholesale inflation accelerates in August
By Leika KiharaTOKYO, Sept 11 (Reuters) - Japan's wholesale inflation accelerated in August on steady rises in food costs, data showed on Thursday, highlighting sticky inflationary pressure that may keep alive market expectations of a near-term interest rate hike. The data, seen as a leading ...Reuters
Thu, Sep 11
Rubio spoke Wednesday with China's Wang Yi, State Department says
WASHINGTON, Sept 10 (Reuters) - U.S. Secretary of State Marco Rubio spoke on Wednesday with Chinese Foreign Minister Wang Yi on global and regional issues, in a follow-up to the meeting the two held in Malaysia this year, State Department deputy spokesperson Tommy Pigott said."Secretary Rubio em...Reuters
Thu, Sep 11
Perplexity finalizes $20 billion valuation round, the Information reports
Sept 10 (Reuters) - AI startup Perplexity has secured commitments from investors for $200 million in new funding at a $20 billion valuation, the Information reported on Wednesday, citing a person with knowledge of the matter. Reuters could not immediately verify this report and Perplexity did not imReuters
Thu, Sep 11
Oracle’s Ellison Tops Musk as World’s Richest Man After $101 Billion Gain
Larry Ellison has become the world’s richest person for the first time, ending Elon Musk’s nearly year-long reign in the top spot, bloomberg reported.Ellison’s fortune soared $101 billion as of 10:10 a.m. in New York after Oracle Corp. reported quarterly results that surpassed expectations and saidTiger News
Thu, Sep 11
Fed seen on course for rate cuts after PPI data
Sept 10 (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank backReuters
Thu, Sep 11
