Finance

Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, the Wall Street Journal reported on Monday. The bid is for the nonprofit that oversees the artificial intelligence startup, the Journal reported, adding that Musk’s […]

Dongfeng Motor Group Co. surged almost 90% in Hong Kong after the Chinese automaker said its parent company plans to restructure, a move investors speculated could kick start a wave of consolidation in the nation’s ultra-competitive car market. Dongfeng Motor […]

DBS employees are getting a windfall after the bank reported a “record performance.” The Singaporean bank is paying workers a one-time bonus of 1,000 Singapore dollars ($737) to all staff, except senior managers, after the bank’s stellar year. In total, the […]

Wall Street brushed aside President Donald Trump’s latest tariff threats as stocks rallied despite his plans to target key industrial metals and impose retaliatory duties. On Monday, Trump is expected to announce 25% tariffs on steel and aluminum with so-called […]

Sales of Tesla’s cars to China fell in January, as competition from domestic rivals continued to heat up. Tesla sold 63,238 units of its electric cars in January, down 11.5% from the 71,447 cars sold in the same month last year. […]

Shares of Banco Santander jumped after Spain’s largest lender reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital. The bank’s net profit picked […]

Saudi Arabia’s bank loans surged to SR2.96 trillion ($788 billion) in December, marking a 14.39 percent year-on-year increase, according to official data. Figures from the Saudi Central Bank, also known as SAMA, revealed that corporate loans were the main driver, […]

Saudi Arabia is exploring collaboration opportunities with India’s largest business conglomerate Tata Group in multiple sectors, including military, aviation, and electronics. During the meeting, the Saudi minister outlined the economic diversification goals of the Vision 2030 program and highlighted investment […]