Business

Asian Stocks Set for Declines as AI Rally Cools: Markets Wrap

Stocks in Asia were poised to ease Thursday as investors digested gains in technology shares while watching for fresh signs of progress toward a deal to reopen the Strait of Hormuz.

Google AI veterans depart during seismic leadership shift

Japan Times

Google AI veterans depart during seismic leadership shift

The split casts doubt over leadership of a critical area in growth right as competition intensifies.

Japan Times

Tech Trade May See Bigger Retail Influence After July Rout, JPMorgan Says

The technology trade may be poised to become even more dependent on retail investors and more volatile after a rough July, according to an assessment of preliminary data on technology, media and telecommunications equity sector hedge funds…

Milei guts bill to ease property laws in face of public uproar

Buenos Aires Times

Milei guts bill to ease property laws in face of public uproar

Lawmakers water down legislation to ease limits on foreign land ownership in response to fierce backlash. Leer más

Buenos Aires Times

Latest Oil Market News and Analysis for Aug. 6

Oil held losses as Iran said it reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, raising the prospect of some energy flows resuming through the critical waterway.

Hollywood is cranking out billion-dollar movies again. 'Spider-Man' just joined the ranks

CNBC

Hollywood is cranking out billion-dollar movies again. 'Spider-Man' just joined the ranks

Box office analysts say the resurgence of billion-dollar releases bodes well for a film industry that's still chasing pre-Covid levels, even with higher prices.

CNBC

US$270M Medical Nearshoring Hub Planned in Mexican Resort Cancún

US$270M Medical Nearshoring Hub Planned in Mexican Resort Cancún

Investment: Cancún Key Facts —Deal. Quintana Roo Governor Mara Lezama signed a memorandum of understanding in Orlando, Florida, to develop a Premier Medical Destination Center in Cancún, billed as southern Mexico’s first major medical…

Doppelmayr to Build AeroMetro Cable Car in Guatemala City

Doppelmayr to Build AeroMetro Cable Car in Guatemala City

Transport: Guatemala City Key Facts —Project. Austria’s Doppelmayr Group will build the “AeroMetro”, an urban cable-car system linking Guatemala City with the neighbouring municipality of Mixco. —Scope. The network has two lines totalling…

Pampa Energía Posts Record Q2, Eyes US$11 Billion Plan

Pampa Energía Posts Record Q2, Eyes US$11 Billion Plan

Energy: Buenos Aires Key Facts — Results. Pampa Energía reported Q2 2026 sales of US$746 million (up 53% year-on-year) and adjusted EBITDA of US$415 million (up 75%). — Profit. Net income attributable to shareholders reached US$172… The…

Milei Sends Central Bank Reform Bill to Argentina Congress

Milei Sends Central Bank Reform Bill to Argentina Congress

Economy: Buenos Aires Key Facts —Bill. President Javier Milei announced a bill to overhaul the charter of the Central Bank (BCRA) in a 30 July 2026 national address and sent it to Congress. —Single mandate. The reform would make preserving…

Fujimori Government Unveils US$20.6 Billion Lima Metro Shock

Fujimori Government Unveils US$20.6 Billion Lima Metro Shock

Infrastructure: Lima Key Facts —Government. Keiko Fujimori was sworn in on 28 July 2026 for the 2026-2031 term, with Luis Galarreta as prime minister and economist Elmer Cuba leading the Ministry of Economy and Finance (MEF)…

Hedge Funds Take Big Hit in July After Bruising AI Selloff

A spate of well-known hedge funds reported steep losses in July as AI shares tumbled, most notably forcing the highly leveraged Situational Awareness to sell most of its stock portfolio at a deep discount to Ken Griffin’s Citadel.