Brunei News Gazette

Category: Economy

Morning Bid: Stock Markets Celebrate Mild Inflation Data

Bandar seri begawan: A look at the day ahead in European and global markets from Rocky Swift: Record highs are popping up on stock markets all over the world, from Wall Street to Japan and Vietnam, and equity indexes across Asia are a sea of green.

Dollar Eases as Investors Eye September Fed Cut

Washington: The dollar weakened on Wednesday following a tame reading on U.S. inflation, which bolstered expectations of a Federal Reserve rate cut next month. President Donald Trump’s attempts to extend his influence over U.S. institutions also contr…

Walmart’s Mexico CEO Ignacio Caride Steps Down

Bandar seri begawan: The chief executive officer of Walmart’s Mexico and Central America unit, Ignacio Caride, is stepping down from his role and from the board of directors effective immediately, the company said in a statement on Friday.

According…

Meta to Share AI Infrastructure Costs via $2 Billion Asset Sale

Menlo park: Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power artificial intelligence, disclosing plans in a filing on Thursday to offload $2 billion in data center asset…

Visa, Mastercard Set for Higher Profits on Solid Spending Trends

New york: Visa and Mastercard are anticipated to report higher quarterly profits this week, driven by steady consumer spending. Analysts are closely watching how the demand for travel and discretionary purchases is developing amid tariff uncertainty.