Section

Business

Markets, industries, and the forces reshaping the region's economy.

Page 3

Business

Nasdaq Falls 2.6% and Chip Stocks Plunge as Brent Oil Jumps to $113 and Treasury Yields Slide

Heavy AI spending doubts and talk of fresh strikes on Iran sent the Nasdaq to its worst day since June on Thursday, while the Dow held flat and bond yields dropped below 5 percent.

Oct 23, 2026/2 min read

The curved wall of screens in the Nasdaq MarketSite broadcast studio in Times Square with presenters at a desk, photographed on 30 June 2015, a file photograph of the studio and not of Thursday's trading

Business

Tesla Beats Profit Estimates on $28.05 Billion in Revenue, Then Slips After Hours

Adjusted earnings of 48 cents topped forecasts and free cash flow turned positive at $1.53 billion, but deliveries fell 2 percent and energy storage came in short of what analysts expected.

Oct 22, 2026/2 min read

A long grey Tesla Gigafactory Texas building with a band of glass near Austin, photographed on 17 June 2022, a file photograph of the factory and not of this quarter's production

Business

Nasdaq Jumps 1.05% as SpaceX and Super Micro Revive the AI Trade While Netflix and AT&T Slide

Tech led Wall Street higher on Wednesday after SpaceX posted its first public-company profit and Super Micro lifted its forecast, with Tesla and Meta still to report after the bell.

Oct 22, 2026/2 min read

The gilded lettering of the New York Stock Exchange above Corinthian columns on Broad Street in Manhattan, photographed on 5 January 2021, a file photograph of the exchange and not of Wednesday's trading

Business

Jio Platforms Raises Rs 8,110 Crore From Anchors at the Top of Its Range as India's Biggest IPO Opens

Mutual funds, insurers and sovereign investors took about Rs 8,110 crore at Rs 1,119 a share on Monday; the public offer of roughly Rs 30,200 crore runs from Wednesday to Friday.

Oct 21, 2026/2 min read

The Mumbai skyline with the Rajabai Clock Tower in the foreground under a stormy sky, photographed on 25 October 2020, a file photograph illustrative of Mumbai and not of Jio Platforms' offices

Business

Netflix Beats on Profit, Then Slides After Hours as It Trims Its Ad Forecast and Guides Lower

A record 34.6 percent operating margin and a $4.8 billion buyback were not enough: weaker fourth-quarter guidance and a lower ad target sent the stock down about 5 percent after the bell.

Oct 21, 2026/2 min read

The Netflix headquarters building in Los Gatos, California, with the company's name on its entrance wall, photographed on 6 July 2008, a file photograph of the building and not from this week's results

Business

Wall Street Rebounds as AI Stocks Recover, With the Nasdaq Up 1.1% and the 10-Year Yield Above 5.15%

Chip and AI shares clawed back part of last week's rout on Monday while most other stocks slipped, and Europe fell after the weekend's unrest in France.

Oct 20, 2026/2 min read

The entrance of the New York Stock Exchange on Wall Street with an American flag and street signs, photographed on 17 May 2012, a file photograph and not from Monday's trading

Business

CoreWeave Shares Fall 25 Percent in a Week as Its Bonds Flash Warning Signs for AI's Borrowers

A roughly $50 billion debt load, a bond yield that briefly topped 16 percent and a record price for insuring its debt have turned a data-centre darling into a test of the AI funding model.

Oct 18, 2026/2 min read

Rows of rack-mounted servers with green network cables inside a data centre cabinet, photographed on 20 June 2013, a file photograph illustrative of data-centre hardware and not of CoreWeave's facilities

Business

Nasdaq Ends Its Worst Week Since June as Chip Stocks Slide and Oil Climbs Toward $110

The Nasdaq lost 4.5 percent over five days and the S&P 500 1.9 percent, while Brent touched its highest settle since May and the market's fear gauge jumped above 22.

Oct 18, 2026/2 min read

The columned facade of the New York Stock Exchange on Wall Street in New York, photographed on 29 June 2024, a file photograph and not from Friday's trading

Business

ECB Clears UniCredit to Go Past 30 Percent of Commerzbank, Opening the Way to Control by Year-End

The European Central Bank lifted the ceiling on UniCredit's holding in its German rival, but Commerzbank still opposes the bid, Berlin wants guarantees and three approvals remain.

Oct 17, 2026/2 min read

The Commerzbank Tower in Frankfurt rising above neighbouring office buildings under a blue sky, photographed on 10 July 2019, a file photograph of the German bank's headquarters tower and not from this week

Business

Indonesian Stocks Plunge Nearly 12 Percent, the Worst Day Since 1998, After MSCI Floats a Downgrade to Standalone Status

The Jakarta Composite halted for 30 minutes and closed at 5,185 as MSCI opened a consultation that could drop Indonesia below frontier markets, with passive outflows of billions at stake.

Oct 16, 2026/2 min read

Business

Kospi Plunges Almost 8 Percent and the Nikkei Falls 5 Percent as the Tech Sell-Off Spreads to Asia

Samsung and SK Hynix both lost more than 11% in Seoul after Wall Street's worst day since July, and analysts and the IMF warned that Asia is heavily exposed to the AI boom.

Oct 15, 2026/2 min read

Skyscrapers of the Yeouido financial district in Seoul across the Han River, with the dome of the National Assembly building at right, photographed on 28 May 2024, a file photograph and not from Thursday's trading