Business

Indonesia's mining revenue jumps as commodity prices rise

Indonesia’s mining sector generated 108 trillion rupiah (US$6.15 billion) in non-tax revenue through August 31, ...

Del Monte expects to stay profitable amid debt restructuring

MANILA, Philippines Del Monte Pacific Ltd. (DMPL) is expected to remain profitable in fiscal year 2027, relying on its Asian operations and restructuring efforts despite cost pressures and a heavy debt load. On Tuesday, the food and…

Building U.S. data centers is getting so expensive that AI companies are moving overseas

Public backlash, costs of power and cooler climates are among the reasons Big Tech is looking abroad for opportunities to build data centers.

Nasdaq invests $100 million in Kraken parent, eyeing 2027 launch of 'tokenized' stock trading

Nasdaq is making a big bet that tokenization of stocks and other assets are becoming part of the plumbing of the stock market.

Emeria Debt Talks Are Stepping Up as Largest Lenders Sign NDAs

Emeria’s largest creditors have signed non-disclosure agreements barring them from trading the firm’s debt, as they step up talks with the French real estate services provider and its owners over a €350 million ($407 million) cash…

IBM, NASA launch AI model to help map ice, craters on Moon

Wholesale inflation stirred up again by Iran war and high oil prices. What does it mean for the Fed?

Wholesale costs in the U.S. jumped again in August, flogged by higher gasoline prices, in the first of two inflation reports that will dictate if the Federal Reserve raises interest rates next week.

Wholesale prices rose 0.4% in August, as expected

The producer price index was expected to rise 0.4% in August, according to the Dow Jones consensus forecast.

ECB Hikes Interest Rates for Second Time Since Iran War

The European Central Bank increased interest rates for the second time since the Iran war started, responding to signs inflation is set to stay well above 2%. The deposit rate was lifted by a quarter-point to 2.5%. Bloomberg's Oliver Crook…

Hong Kong, Dubai launch working group to boost financial connectivity

Russian, Indian companies to cooperate on textile production

Under the cooperation, wool produced in Russia, including in the Republic of Kalmykia, is expected to be used to manufacture fabrics under the Aurus Cashmere brand in India at Bansal Spinning Mills' production facilities

European Central Bank Raises Rates in Bid to Quell Inflation

The bank, fighting price pressures spurred by the war in the Middle East, raised its benchmark rate to 2.5 percent.