Key News Asia was a sea of red except for Mainland China and Hong Kong following US tech’s drawdown and the continuing crisis in the Middle East. Washington’s political dysfunction eased with a House Speaker appointed with the next budget deadline on the horizon. Both Mainland China and Hong Kong…

Oil prices ended lower Tuesday for a third consecutive session as traders continued to monitor the Israel-Hamas war while fresh data out of Europe offered more evidence of a slowing economy. Traders also digested data from a report by the International Energy Agency, which predicts that fossil-fuel sources will peak…

Sugar prices have climbed by nearly 40% so far this year, on track to mark their best yearly performance in 14 years, with U.S. and global supplies expected to remain tight. Sugar has been driven higher by “tight supply and demand, both domestically and globally,” said Darin Newsom, Barchart senior…

By Alice Uribe SYDNEY–Magellan Financial’s shares fell after it announced the departure of its chief executive and raised its fiscal 2024 cost guidance. Magellan’s shares fell 4.1 to 6.26 Australian dollars ($3.98) on Wednesday, after earlier hitting a low of A$6.11. The Australian funds management company said Wednesday that Chief…

It’s happening. One of the largest tech companies in the world is bringing generative artificial intelligence to its massive installed base. Executives at Google GOOG GOOG in August previewed that generative AI is coming to the Google assistant, the ubiquitous digital assistant that underlies Google’s Home, Auto, and mobile software.…

By P.R. Venkat Hardware and software solutions provider ASMPT’s third-quarter net profit fell sharply due to poor consumer spending and prolonged industry weakness. Net profit for the quarter fell nearly 98% from a year earlier to 14.63 million Hong Kong dollars (US$1.9 million), while revenue was HK$3.47 billion, down about…

By James Glynn SYDNEY–Australia’s consumer prices rose by more than expected in the third quarter which may pressure the Reserve Bank of Australia to come off the sidelines and raise interest rates at its meeting next month. The consumer-price index rose 1.2% on the quarter and 5.4% on the year,…

By Kosaku Narioka Kokusai Electric shares rose sharply on their first day of trading on the Tokyo Stock Exchange, following an $830 million initial public offering. The shares opened at 2,116 yen on Wednesday morning, or 15% higher than the initial public offering price of Y1,840. The shares were recently…

By Kwanwoo Jun Hyundai Motor is scheduled to report third-quarter results Thursday. Here is what you need to know: NET PROFIT FORECAST: The South Korean car maker is expected to report a net profit of 2.907 trillion won ($2.16 billion) for the July-September period, according to a consensus forecast provided…

Texas Instruments earnings topped estimates but its stock was dropping after the chip maker provided a revenue forecast for the December quarter below expectations. For the September quarter, the semiconductor company reported earnings per share of $1.85, compared with Wall Street’s consensus estimate of $1.82, according to FactSet. Revenue came…