News
Important Only
From Sports Trendsetter to Loss-Making Giant: Puma’s Decline and the Search for a Capital Exit
TradingKey - On August 25 (U.S. Eastern Time), market rumors emerged that German sportswear brand Puma (PUMA.DE) could be up for sale, as its controlling shareholder, the Pinault family, explores strategic options including a full divestment.TradingKey
Tue, Aug 26
Trump's Dismissal of Fed Governor Lisa Cook Raises Alarms Over Fed Independence, Roiling Markets
TradingKey - On Monday, August 25, President Donald Trump announced on Truth Social the immediate dismissal of Fed Governor Lisa Cook. Cook countered this claim on Monday evening, stating that Trump lacks the authority to remove her and that she will not resign.TradingKey
Tue, Aug 26
Musk’s Companies Sue Tech Giants: Apple and OpenAI Accused of Collusion to Monopolize AI
TradingKey - August 25th, EST, Elon Musk’s artificial intelligence company xAI and social media platform X filed a federal lawsuit in the Northern District of Texas, accusing Apple and OpenAI of colluding to engage in anti-competitive behavior
TradingKey
Tue, Aug 26
As China's Li Chengang Heads to US for Talks, Trump Threatens 200% Tariff on Rare-Earth Magnets
TradingKey - According to reports, Chinese trade representative Li Chenggang will visit the U.S. this week for a new round of high-level trade talks, marking the fourth meeting between the two sides this year and the first to be held in Washington.TradingKey
Tue, Aug 26
Light hedging leaves Indian importers vulnerable to U.S. tariffs fallout
MUMBAI, Aug 26 (Reuters) - With punitive U.S. tariffs about to take effect on Wednesday, most Indian companies remain light on hedges, data from a clearing house shows, increasing their exposure to rupee fluctuations.Reuters
Tue, Aug 26
UK 30-year gilt yields rise to highest since April 9 as Treasuries sell off
LONDON, Aug 26 (Reuters) - British 30-year government bond yields GB30YT=RR surged on Tuesday to their highest since April 9, as they tracked a rise in U.S. Treasuries after President Donald Trump said he was firing Federal Reserve Governor Lisa Cook.Thirty-year gilt yields rose more than 8 basis poReuters
Tue, Aug 26
Intel Issues Rare Warning: Government Stake Could Be a Double-Edged Sword, Threatening Global Sales and Subsidy Chains
TradingKey - U.S. chip giant Intel (INTC.US) has issued a stark warning in an 8-K filing submitted to the Securities and Exchange Commission (SEC), stating that its $8.9 billion equity deal with the federal government could pose multiple risks to its business.
TradingKey
Tue, Aug 26
FOREX-Dollar jolted lower after Trump fires Fed's Cook
SINGAPORE, Aug 26 (Reuters) - The dollar skidded in a volatile session on Tuesday after U.S. President Donald Trump said he was removing Federal Reserve Governor Lisa Cook from her position, seen by markets as a fresh jab at the central bank's independence.Reuters
Tue, Aug 26
South Korean firms pledge $150 billion in US investments at summit
SEOUL, Aug 26 (Reuters) - South Korea touted a broad range of U.S. investment plans by its companies at Monday's summit between U.S. President Donald Trump and South Korean President Lee Jae Myung, spanning shipbuilding, nuclear energy, aerospace, energy and critical minerals.Reuters
Tue, Aug 26
India braces for export hit as steep new US tariffs loom
By Swati Bhat and Manoj Kumar MUMBAI/NEW DELHI, Aug 26 (Reuters) - Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian ...Reuters
Tue, Aug 26
South Korea eyes non-binding deal to steer $350 bln U.S. investments
SEOUL, Aug 26 (Reuters) - A top South Korean official said on Monday that the U.S. and South Korea had decided to establish a non-binding agreement to define the operation and structure of $350 billion in investment funds agreed as part of a July trade deal.Reuters
Tue, Aug 26
Hang Seng Index Slips Slightly as Crypto Stocks Plunge — Xinhua Tech Drops Over 6%
On Tuesday, August 26, the Hang Seng Index (HSI) failed to extend its recent rally, dipping 0.25% in early trading to 25,764 points. This comes after a strong performance on Monday, when the index surged nearly 3% to a high of 25,918, marking its best level since 2021.TradingKey
Tue, Aug 26
Binance Coin (BNB) Shoots to a New All-Time High, Yet This Undervalued Coin Could Deliver Far Greater Returns in 2025
As Binance Coin (BNB) smashes through a new all-time high, investor attention is rapidly shifting toward, Mutuum Finance (MUTM), which is expected to be the next major breakout in the crypto market. This emerging DeFi protocol is performing well with its innovative approach to lending and liquidity.
Cryptopolitan
Tue, Aug 26
Korean Air makes airline's biggest-ever Boeing jet order amid Trump-Lee summit
Korean Air's $50 billion order includes 103 Boeing planes, GE enginesOrder coincides with South Korean president's visit to WashingtonDeal aids Korean Air's expansion and integration with Asiana AirlinesBy David Shepardson WASHINGTON, Aug 25 (Reuters) - Korean Air 003490.KS announced ...Reuters
Tue, Aug 26
Elon Musk's xAI sues Apple and OpenAI over AI competition, App Store rankings
xAI accuses Apple and OpenAI of monopolistic practicesxAI seeks billions in damages from Apple and OpenAILawsuit could define AI market in antitrust litigationBy Mike Scarcella Aug 25 (Reuters) - Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple AAPL.O and ChatGPReuters
Tue, Aug 26
