The net loss of ¥1.1 trillion reverses a $16 billion profit and puts Masayoshi Son’s debt-funded bet on artificial intelligence under scrutiny.
The AI developer is pressing ahead with its listing after a draft with larger figures was briefly circulated to banks and withdrawn, and after earlier talk of a $2 trillion valuation faded.
Recovering Gulf flows and reports that Iran may soften its stance on the strait eased supply fears, while gold held above $4,100 as lower oil cooled inflation worries.
The Monetary Authority of Singapore says demand for gold as a reserve asset is growing, and is adding custody accounts and an over-the-counter clearing system to its bid to become Asia’s leading gold hub.
Karen Karniol-Tambour, a Canadian who oversees Bridgewater’s Asia strategies, will leave the hedge fund after two decades to run the Canada Strong Fund.
US envoys Steve Witkoff and Jared Kushner are mediating in Abu Dhabi, where the US and Europe also agreed to review postwar security on the continent.
Finance Minister François-Philippe Champagne announced changes to the remission programme as Ottawa looks for US tariff relief after the midterm elections.
Exports surged as weak spending at home pushed manufacturers abroad, with overseas sales of Chinese electric and plug-in hybrid cars up 144.7% from a year earlier.
Shelter, food and energy drove the monthly rise, while the report omitted annual figures because no report was published for October of last year.
Treasury yields rose after Waller backed at least a quarter-point increase and ruled out using the Fed’s balance sheet to fight inflation.
A proposed shareholder suit accuses Nvidia and its chief executive of fraud, and House Democrats are demanding a full briefing and tighter China chip rules.
The bill would make it easier to build power lines and energy projects of all kinds, but tribal leaders and public-lands advocates oppose it and key hurdles remain.