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Global Markets
Updates on equities, indices, investor sentiment, and key moves across global financial markets.


Apple and Google Reportedly Strike $5 Billion AI Deal, Choosing Gemini Over OpenAI
A major partnership could bring Google’s Gemini model to iPhones, strengthening Siri while reshaping competition in the global artificial intelligence race. Apple and Google have reportedly reached an artificial intelligence partnership worth as much as USD 5 billion, under which Apple would integrate Google’s Gemini model into future iPhone services. The agreement would allow Apple to use Gemini to power advanced AI features across iPhones and significantly enhance Siri’s ca
Jan 192 min read


China State Grid Targets RMB 4 Trillion Investment in Major Power Network Expansion
The utility giant plans record spending on renewable integration, ultra-high-voltage transmission and EV charging infrastructure as Beijing accelerates its long-term energy transition. State Grid Corporation of China said it plans to invest about RMB 4 trillion during the country’s upcoming 15th Five-Year Plan period, marking a roughly 40% increase from the previous planning cycle and the largest capital program in its history. The investment will focus on building a modernis
Jan 192 min read


TSMC Delivers Record Q4 Profit as AI Demand Drives Seventh Straight Quarter of Double-Digit Growth
Taiwan’s chipmaking giant reported record earnings as artificial intelligence demand, advanced-node expansion and high-performance computing orders continued to power growth. Taiwan Semiconductor Manufacturing Co. (TSMC) posted record fourth-quarter net profit, extending a streak of strong earnings as demand for AI-related chips remained robust. Net profit rose 35% from a year earlier to TWD 505.7 billion (about USD 16 billion), marking the company’s seventh consecutive quart
Jan 192 min read


Wall Street Banks Kick Off Earnings Season With Strong Fourth-Quarter Results
Goldman Sachs, JPMorgan, Morgan Stanley and peers reported resilient performance as investment banking activity and trading revenues rebounded. Major US banks opened fourth-quarter earnings season with broadly solid results, led by strength in investment banking, trading operations and wealth management. Institutions including Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America and Citigroup reported stable to stronger-than-expected quarterly performance, offering
Jan 192 min read


China Tightens Margin Financing Rules as Regulators Seek to Cool Leverage Risks
Shanghai, Shenzhen and Beijing exchanges raised minimum financing requirements for new margin trades, signalling a push to curb speculative activity and stabilise equity markets. China’s three major stock exchanges raised minimum margin requirements for investor financing purchases to 100% from 80%, tightening leverage conditions as regulators seek to steer trading activity toward more sustainable market behaviour. The rule change, announced Jan. 14 by the Shanghai, Shenzhen
Jan 151 min read


Tesla Shifts Full Self-Driving to Subscription Model, Ending One-Time Purchase Option
The move transitions Tesla’s driver-assistance software into a recurring revenue model, aligning the company more closely with software-as-a-service valuations. Tesla said it will discontinue the one-time purchase option for its Full Self-Driving (FSD) package from February 14, 2026, moving entirely to a monthly subscription model. Under the previous structure, FSD was priced at USD 8,000 in the United States and RMB 64,000 in China. The new subscription plan will cost USD 99
Jan 142 min read


China Conducts First 100km Suborbital Recovery Test, Expanding Reusable Space Ambitions
CAS Space successfully completed a high-altitude test flight carrying a recoverable payload capsule, highlighting China’s push into commercial aerospace and near-space research platforms. China completed its first 100-kilometre-class suborbital parachute recovery mission after a vehicle developed by CAS Space successfully flew from the Jiuquan Satellite Launch Centre and safely returned to Earth. The mission reached an altitude of about 120 kilometres, briefly crossing the in
Jan 131 min read
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