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Kingboard Laminates Surges 570% as Mainland Investors Double Stake to 13%
Mainland Chinese investors have more than doubled their stake in Kingboard Laminates to 13% this year, powering a 570% rally in the AI-linked stock.
UK Jobs Data, SNB and BoE Decisions in Focus Today
Traders await UK employment data, the Swiss National Bank rate decision, and the Bank of England policy announcement, all due during the European session.
Mukesh Ambani's Jio IPO Promise Faces Key Test This Week
Reliance Industries' billionaire chairman Mukesh Ambani's pledge to list its digital unit Jio faces a pivotal week as investors watch for progress on the long-awaited IPO.
Bitwise CIO says next crypto bull run will be slower and less volatile
Bitwise CIO Matt Hougan predicts the next crypto bull run will be slower and less volatile as Wall Street shifts focus to real-world applications like tokenization and AI.
Czech Central Bank May Hike Rates for First Time Since 2022
The Czech central bank is considering its first rate hike since 2022 to combat domestic inflation, even as global energy price risks ease.
Tata Starbucks CEO Plans to Add Up to 100 New Stores
Tata Starbucks CEO Sushant Dash plans to add up to 100 stores in the short term while maintaining a 30% market share, signaling aggressive expansion in India's growing coffee market.
Rio Tinto Resumes Copper Exports From Massive Mongolian Mine
Rio Tinto has resumed copper concentrate exports from its Oyu Tolgoi mine in Mongolia after a brief protest, supporting global copper supply and easing near-term market tightness.
PBOC Rate Regime Shift Seen Boosting Bond Market Liquidity
Analysts expect the PBOC's refined monetary policy toolkit to reduce money-market volatility and support bond prices, signaling a more accommodative stance for Chinese equities.
US-Iran MOU Signed, Oil Edges Lower as Gold Recovers
The US and Iran signed a memorandum of understanding formalizing a framework to end the Middle East conflict, nudging oil prices lower and allowing gold to recover from a hawkish Fed selloff.
Kentucky sues Kalshi, Polymarket in prediction market crackdown
Kentucky has joined 17 other states in suing prediction market platforms Kalshi and Polymarket, along with partners Coinbase, Robinhood and Webull, over offering sports event contracts.
Tether winds down gold-backed stablecoin aUSDT
Tether is discontinuing its gold-backed derivative stablecoin aUSDT to focus on products with stronger user demand and deeper liquidity.
Enterprise Products Partners Raises Dividend as EBITDA Grows 10%
Enterprise Products Partners raised its quarterly dividend after reporting 10% adjusted EBITDA growth, driven by strong midstream operations and new capital projects.
LME to Launch Steel Futures Tied to Shanghai Prices
The London Metal Exchange plans to launch a steel futures contract linked to Shanghai prices, expanding global access to Chinese commodity benchmarks.
Pictet, Neuberger Berman Boost India Bond Exposure on Policy Support
Global asset managers Pictet and Neuberger Berman are increasing allocations to Indian government bonds following tax reforms and eased ownership caps, signaling confidence in India's policy direction.
China launches third trade-in fund tranche after weak retail data
China announced a third tranche of its trade-in subsidy program after May retail sales fell for the first time since the pandemic, signaling sustained stimulus pressure.
What’s at Stake If Indonesia Loses Its Emerging Market Status
Indonesia risks losing its emerging market classification, which could trigger billions in foreign outflows and raise borrowing costs for Southeast Asia's largest economy.
China Bond Market Shift Gives PBOC Wider Easing Options
China's growing reliance on bond financing gives the PBOC a more powerful channel to lower borrowing costs across the economy, reducing dependence on loan-based tools.
Japan's Kihara flags weak yen household burden but no intervention signal
Japanese deputy chief cabinet secretary Kihara acknowledged the weak yen's burden on households but stopped short of signaling intervention, leaving the yen without a near-term catalyst.
Lululemon Apologizes After Great Wall Drum Sparks China Backlash
Lululemon apologized after a yoga event on the Great Wall featuring a Japanese taiko drum sparked social media backlash in China, underscoring reputational risks in its fastest-growing market.
Luckin Coffee non-coffee sales hit RMB 20 billion, 22 products top 100M cups
Luckin Coffee reported cumulative non-coffee beverage sales exceeding RMB 20 billion, with 22 products each selling over 100 million cups, highlighting the success of its menu diversification strategy.
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NowPrice news curates headlines from established financial sources (CoinDesk, Decrypt, Investing.com, MarketWatch, OilPrice, Bloomberg and others). Our editorial team writes concise summaries in 5 languages. We don't republish articles — every story links back to the source.