A consortium of global banks is reportedly negotiating a $38 billion lending package to support Oracle and Vantage Data Centers in building additional sites for OpenAI, according to the Financial Times. If confirmed, this would mark one of the largest financing efforts in AI infrastructure to date, highlighting the accelerating race to scale compute capacity...
Oil prices ticked up on Thursday in a low-volume session, with traders balancing hope vs. skepticism over renewed Russia–Ukraine negotiations. Market Snapshot Geopolitics in Focus Russia signaled that the U.S.–Ukraine draft peace outline could form the basis for future agreements. However, Kyiv remains wary of proposals requiring territorial concessions, keeping markets cautious. Barclays noted that...
European stocks edged higher on Thursday while the dollar held steady, as investors priced in an 85% probability of a Fed rate cut next month. A muted, holiday-shortened trading week kept volatility low across asset classes. Market Highlights Currencies & Crypto Macro Backdrop With U.S. data still catching up after the 43-day shutdown, markets lean...
Zimbabwe expects economic growth to ease to 5% in 2026, down from 6.6% in 2025, as the country continues to recover from El Niño-related drought, energy shortages and currency volatility. Key Highlights Zimbabwe’s outlook remains cautiously optimistic as authorities push for tighter fiscal and monetary stability.
India’s second-largest asset manager, ICICI Prudential Asset Management, is set to launch its $1.2B IPO in the second week of December, sources said. The JV between ICICI Bank (51%) and Prudential (49%) is targeting a $12B valuation. Prudential’s subsidiary will sell up to 10% in the offering. The company received regulatory approval this week and...
Major global investors broadly welcomed Chancellor Rachel Reeves’ tax-raising budget, which doubles the UK’s fiscal headroom and exceeded market expectations. But many warn the optimism may fade if growth underperforms, as most of the £26B tax hikes are back-loaded. 🔹 What Investors Are Saying 🔹 Key Concerns 🔹 FX Market Reaction Sterling jumped to its...