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MORNING BID EUROPE-Jackson Hole to open under Trump's shadow
A look at the day ahead in European and global markets from Kevin BucklandThe Federal Reserve has the full attention of global markets, not least because the U.S. central bank's highly anticipated Jackson Hole symposium kicks off later today.Central bankers from around the world will attend, and...Reuters
2 minutes ago
PRECIOUS-Gold holds steady as investors await Fed remarks at Jackson Hole
Fed's Jackson Hole symposium in Wyoming begins todayTrump calls on Fed Governor Cook to resign over mortgage allegationsFed minutes show 'almost all' officials preferred leaving rates unchangedBy Anmol Choubey Aug 21 (Reuters) - Gold was little changed on Thursday as investors awaited...Reuters
25 minutes ago
HK Movers | Laopu Gold Sinks 7.5% Despite Strong Results, Profit Taking Weighs
On August 21, Laopu Gold saw its stock price plunge 7.48% midday, garnering market attention. The previous day, the company released an impressive 2025 interim earnings report, showing substantial growth in both revenue and profit. Analysts believe that despite the company's strong fundamentals, the...Tiger News
an hour ago
Dollar drifts, Asian stocks mixed as markets brace for Jackson Hole
TOKYO, Aug 21 (Reuters) - The U.S. dollar hovered below a one-week high on Thursday and Asian stock markets were broadly mixed as investors braced for three days of potentially market-moving news from the Federal Reserve's annual symposium in Jackson Hole.Reuters
2 hours ago
HK Movers | GDS Holdings Jumps Over 6% as It Swings to Profit in H1
GDS Holdings shares surged over 6% in Hong Kong following its latest earnings report.According to the announcement, GDS Holdings achieved a net revenue of approximately RMB 5.623 billion in the first half of 2025, marking a 12.2% year-on-year growth. Gross profit reached approximately RMB 1.334 bill...Tiger News
2 hours ago
HK Movers | Crypto Stocks Rebound With ZhongAn Online and OKG Technology up 6%
crypto stocks rebounded in Hong Kong, with ZhongAn Online and OKG Technology up 6%, Sinohope Technology up 5%, Grandshores Technology and Linekong Interactive up 3%, OSL Group and Lianlian DigiTech up 2%.Tiger News
3 hours ago
Can $1,000 in Portillo's Stock Turn Into $5,000 by 2030?
Key PointsPortillo's stock has fallen since soon after its IPO.Investors will have to weigh its low P/E ratio against slowing growth rates.10 stocks we like better than Portillo's › Portillo's (NASDAQ: PTLO) stock initially shot higher from its $20-per-share introductory price before the stock's ini...The Motley Fool
3 hours ago
1 Reason to Buy SHIB
Key PointsIts reputation as an unserious and not particularly useful meme coin is undeserved.Its developer has created a platform that can increase the token's value.10 stocks we like better than Shiba Inu › Even in the ever-speculative world of cryptocurrency, meme coins have a reputation for being...The Motley Fool
3 hours ago
Pangaea Connectivity (1473.HK) Join Hands with Mr. Chatchaval Jiaravanon from CP Group Family, Plans to Capture Growing Demand from AI, IoT, and Renewable Energy Technology
In 2025, the global artificial intelligence (AI) and high-performance computing (HPC) markets continued to see vibrant developments. With AI increasingly integrated into daily lives along with the exponential growth of the digital economy, HPC and ultra-high-speed, low-latency data transmission have become essential to economic development. According to data from the World Economic Forum, the global data center industry is currently valued at US$242.7 billion, and is projected to double to over US$584.0 billion by 2032. Meanwhile, breakthroughs in renewable energy technology not only provide more cost-effective and sustainable power solutions, but also offer strong support to the power needs of data centers and cloud computing. Hence, AI computing, IoT, and renewable energy-related stocks saw a strong rally, with leading companies such as Nvidia (NASDAQ: NVDA), Innolight (300308.SZ), and Constellation Energy (NASDAQ: CEG) all reporting gains towards historical highs. In Hong Kong, the stock market is also home to a number of related stocks, including Pangaea Connectivity (1473.HK).Cutting-edge Technology to Solidify Market PositionBy integrating cutting-edge technologies and high-performance components, Pangaea Connectivity delivers comprehensive communication solutions across the AI data centers, HPC, green energy, WiFi and IoT, and telecommunication markets. The Company has built a solid market position by leveraging leading technologies such as Linear-drive Pluggable Optics (LPO) and next-generation WiFi and integrating them into practical modules and solutions to deliver ultra-high-speed, energy-efficient, and low-latency data connectivity for applications spanning AI infrastructure, data centers, AIoT, autonomous vehicles, and smart factories etc. On the other hand, the company also developed knowhow in high-power industrial laser processing for solar back-contact (BC) batteries manufacturing. Besides, the high-power laser processing technologies are also revolutionizing printed circuit board (PCB) and semiconductor manufacturing process. Supported by its technological know-how and comprehensive offerings, the company has cemented its position as a driving force in next-generation high performance computing and AI data centers. Looking into its annual report, it is stated that a considerable portion of the company's sales now comes from electronic components used in HPC and data centers. By integrating these components with GPUs into connection modules, customers are able to build AI-optimised HPC servers, satisfying the growing needs of AI solutions. As a result, the company has experienced strong financial growth, with revenue increasing 53.8% year-on-year to record-high HK$2,128.2 million in FY2024/25. The company is also out of the red, reporting a net profit of HK$30.5 million for the financial year. Supported by International Capital and Key Member of the CP Group FamilyOn August 13, the company announced the completion of a placement, placing 199,000,000 shares at HK$0.180 per share and raising approximately HK$35.3 million in net proceeds, which will be mainly used for further business development in AI technology-related areas. A review of the transaction details reveals that one of the notable places, Mile Green Company Limited, will also become one of the major shareholders with 9.3% equity interest. Mile Green is a sustainable energy solution company with dual headquarters in Hong Kong and Thailand. Its ultimate beneficial owners comprise Mr. Chatchaval Jiaravanon (‘‘Mr. Jiaravanon’’), Mr. Maverick Hui and Ms. Gigi Chan. Among the three, Mr. Jiaravanon’s background is particularly noteworthy. He is a core member of the CP family, one of Asia's wealthiest families, as well as the owner of Fortune Media. He is also the founder and chairman of Charoen Energy and Water Asia, a renewable energy company, and Lightnet Group, a cross-border, cross-platform cryptocurrency payment platform. In addition, he has been heavily involved in the investment and development of datacentres and previously served as an Executive Director of True Corporation, one of the largest telecommunications companies in Thailand.Given Mr. Jiaravanon's extensive investments and vast resources across sectors demanding high-frequency data interaction - such as new energy, AI, IoT, and data infrastructure - the collaboration highlights the strategic motivation and potential synergies beyond traditional financial significance, which is expected to have a profound impact on the company’s future development. As the company is also planning to actively expand into Southeast Asia, the addition of Mr. Jiaravanon will also help with its regional expansion plan, while strengthening its grip in the next-generation AI computing and HPC markets.Regarding stock price performance, the company's share price has more than doubled since the announcement of its full-year results and placement on July 23. With the support from international capital, extensive regional network, expansive product offerings, and favorable industry developments, Pangaea Connectivity's long-term performance is nothing but promising.-End-21/08/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
3 hours ago
PRECIOUS-Gold little changed as investors await Jackson Hole remarks
Aug 21 (Reuters) - Gold prices were steady on Thursday as investors awaited cues into the Federal Reserve's policy outlook ahead of the Jackson Hole symposium in Wyoming, which begins later in the day.FUNDAMENTALS* Spot gold XAU= eased 0.1% to $3,343.09 per ounce as of 0032 GMT. U.S. gold future...Reuters
4 hours ago
ASX-listed James Hardie deepens rout to more than 2-year low after bleak outlook
** ASX-listed James Hardie JHX.AX falls 7% to A$29.85, lowest since January 23, 2023; deepens rout into fifth straight session** Stock among top 10 losers on ASX 200 benchmark index .AXJO ** JHX lost A$7.14 bln ($4.59 bln) in value on Wednesday after bleak 2026 earnings forecast** Co flagged chal...Reuters
4 hours ago
RPT-COLUMN-Powell's last Jackson Hole speech could pack a punch: McGeever
By Jamie McGeever ORLANDO, Florida, Aug 20 (Reuters) - Financial markets are taking in a collective breath ahead of Jerome Powell's eighth and final keynote Jackson Hole speech as Federal Reserve Chair. If the moves following his last seven are any guide, investors buckle up for a bumpy ride....Reuters
4 hours ago
EXCLUSIVE-Judge in US crosshairs warns Brazil banks not to apply sanctions locally
Supreme Court Justice Moraes hit by US financial sanctionsJudge warns banks against applying sanctions in BrazilBank shares tumble on tension between US, Brazilian lawBy Ricardo Brito and Brad Haynes BRASILIA, Aug 20 (Reuters) - Brazilian Supreme Court Justice Alexandre de Moraes, who recently ha...Reuters
4 hours ago
24H｜CoreWeave Climbs After Jane Street Acquires 5.4% Stake
CoreWeave, Inc. shares climbed in overnight trading after it was revealed Jane Street had purchased a 5.4% stake in the artificial intelligence hyperscaler.The quantitative trading firm now holds a total of 19.99M shares of CoreWeave, according to a filing with the U.S. Securities and Exchange Comm...Tiger News
4 hours ago
Nasdaq, S&P 500 end lower as investors sell tech, buy less pricey sectors
Aug 20 (Reuters) - The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.Reuters
4 hours ago
