Asia-Pacific markets were mixed Thursday after former President Donald Trump won the White House, defeating Vice President Kamala Harris in the 2024 presidential election. NBC News projects that Trump will win at least 291 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Japan’s Nikkei 225 reversed gains to lose 0.25%, but the broad based Topix was up 0.95%. […]
No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according […]
Shares of Tesla surged in early trading as investors bet a potential Donald Trump election victory would benefit major backer and CEO of the carmaker, Elon Musk. Tesla shares jumped 12% in premarket trading. The former president had gained a substantial lead over Vice President Kamala Harris in Electoral College votes, according to NBC News’ […]
UK regtech Konsentus has been selected by the Bank of Namibia to establish API guidelines for the central bank’s integration of open banking. The Reading-headquartered open banking firm has been engaged to “identify, recommend and facilitate the development of the API standards”, according to a statement. This is to also include establishing “appropriate rules” for […]
U.S. and European stock futures and the dollar surged on Wednesday, while bitcoin jumped to a record high as Republican Donald Trump claimed victory in the U.S. presidential election. Fox News projected that Trump has won the U.S. presidency, defeating Democrat Kamala Harris and capping a stunning political comeback four years after he left the […]
Wise posted a 55% jump in profit in the first half of its 2025 fiscal year Wednesday, citing customer growth and expanding market share. The British digital payments firm said that its first-half profit totalled £217.3 million, up from £140.6 million in the same period a year ago. That came on the back of a […]
Digital payments platform Checkbook is joining the J.P. Morgan Payments Partner Network. The partnership will enable J.P. Morgan’s corporate clients to send digital checks, the companies said in a Monday (Nov. 4) news release. “Digital checks bring security and speed to the payment landscape, giving recipients more freedom by offering an additional method to receive funds,” the companies said […]
LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company’s first expansion overseas. Founded in 2012, Affirm is an American fintech firm that offers flexible pay-over-time payment options. The company says it underwrites every individual transaction before making a lending decision, and doesn’t charge any late fees. Affirm, which […]
Nov 4 (Reuters) – Oil prices climbed nearly 3% on Monday on OPEC+’s decision for a month’s delay in plans to increase output, while investors also focused on the U.S. presidential election. Brent futures were up $1.98, or 2.7%, at $75.08 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.98, or 2.85%, to $71.47. Last week, […]
Australia’s central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row, in line with expectations from economists polled by Reuters. In contrast to a more dovish stance from other central banks in advanced economies, the Reserve Bank of Australia wrote in its statement that “inflation has fallen substantially since […]
The dollar fell and stocks struggled on Monday as investors trod carefully ahead of a U.S. presidential election of great consequence for the global economy, with a U.S. Federal Reserve interest rate cut also expected later in the week. In the U.S. presidential race, Democratic candidate Kamala Harris and Republican candidate Donald Trump remain virtually […]
Bank of America “has been, and plans to continue, implementing enhancements” to its AML/BSA and sanctions compliance programs, as it cooperates with regulators, the lender said in Tuesday’s filing. The bank’s discussions with regulators continue, “and resolution of these discussions may include one or more public orders by the regulators,” the filing noted. The bank […]
