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The Trump administration is reportedly considering a plan to curb a range of software-powered exports to China, encompassing items from laptops to jet engines. This move is said to be in retaliation against Beijing’s recent restrictions on rare earth exports, according to a US official and sources briefed by US authorities. The proposed plan aligns […]

Wall Street closed lower on Wednesday as renewed U.S.-China trade tensions and weak corporate earnings weighed on sentiment. The Dow fell 334 points, or 0.71%, while the S&P 500 lost 0.53% and the Nasdaq dropped 0.93%. Pressure mounted after Treasury Secretary Scott Bessent confirmed the White House is considering restrictions on software exports to China,

Prediction market Kalshi is reportedly attracting funding offers from venture capital investors that could value the startup at over $US10 billion ($15 billion). This heightened interest comes just weeks after Kalshi announced a $US300 million funding round, which had already set the company’s valuation at $US5 billion. Sources familiar with the matter, who requested anonymity,

Former US President Donald Trump has stated that American cattle ranchers are benefiting from tariffs imposed on imported cattle but need to reduce prices to encourage domestic beef consumption. Trump’s remarks follow earlier suggestions that his administration was considering importing Argentine beef to alleviate record-high consumer beef prices, a proposal that drew criticism from US

Short selling involves borrowing a company’s stock and selling it, with the aim of buying it back later at a lower price. This process of buying back the stock is known as ‘covering’. Recent market activity has highlighted a pattern involving Barrenjoey, an upstart bank that has managed equity raises or block trades for several

Private equity firm Advent International has appointed Maxine Brenner as an operating partner, significantly expanding its senior leadership presence in the Australia and New Zealand region. Brenner will collaborate closely with Advent’s investment teams and executives at portfolio companies to enhance operational performance and drive the creation of long-term value. Private equity firms like Advent

South32 has announced a planned leadership transition, with current chair Karen Wood set to retire from the board in February 2026. Director Stephen Pearce will succeed her, assuming the role as part of the company’s long-term strategy. South32 is a diversified mining and metals company producing bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel,

European Central Bank (ECB) President Christine Lagarde has voiced her support for German Chancellor Friederich Merz’s proposal to establish a single European stock exchange. Lagarde believes this unified exchange would bolster European listings and stimulate economic growth across the Eurozone. Her endorsement came during a conference where she emphasised the need for decisive action to