Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the Central Bank of Nigeria (CBN) nears.
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Eurozone inflation rebounds more than expected in October
The eurozone's annual inflation rate rebounded more than expected in October due to rising food costs, official data showed on Thursday, but remains in line with the European Central Bank's two-percent target. Other Eurostat data published on Thursday showed the unemployment rate in the single currency area remained stable at 6.3 percent in September. raz/ec/rl
Hong Kong economic growth misses forecast in third quarter: data
Hong Kong's economic growth in the third quarter missed analyst estimates as private consumption weakened, according to government figures released Thursday. Private consumption decreased by 1.4 percent in the third quarter, which authorities attributed to "the change in residents' consumption patterns".
All eyes on US TV networks for 'high stakes' election night
Facing a results vacuum that could grind on for weeks, US TV networks are preparing to fill the airwaves against a backdrop of unprecedented pressure to avoid mistakes and a torrent of disinformation. With no official results for weeks, it falls to the TV news networks to call states for either former president Donald Trump or Vice President Kamala Harris.
Bank of Japan warns of 'high uncertainties' after election
The Bank of Japan warned Thursday of "high uncertainties" following the ruling party's worst election result in 15 years, as it kept interest rates unchanged. The BoJ on Thursday kept its main short-term policy rate at 0.25 percent, as widely expected, warning of "high uncertainties surrounding Japan's economic activity and prices".
Samsung Q3 operating profits soar to $6.6 bn, miss forecast
South Korea's Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers. The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) "largely due to one-off costs".
Asian stocks uneven after shaky Wall Street lead
Asian stocks got off to an uneven start on Thursday following a weak lead from Wall Street, though better-than-expected manufacturing data from China provided a glimmer of good news for Beijing. Tokyo followed that lead on Thursday, dragged down by a drop in stocks linked to the semiconductor industry, which also saw a drop on Wall Street.
China factory output expands for first time in six months
China's manufacturing output expanded this month for the first time since April, official data showed Thursday, rare good news for leaders struggling to boost activity in the world's second-largest activity. The NBS said Thursday's data release showed the "business climate of the manufacturing industry has rebounded".
Striking Boeing workers aim to restore old retirement program
Some 33,000 Boeing workers have been on strike for seven weeks after twice voting down labor contracts, with the latest rejected offer featuring a 35 percent wage hike. Under the latest contract offer, which workers rejected on October 23, Boeing included a provision increasing the employer match.
Meta shows strong growth as AI spending surges
Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors. Like its Big Tech peers, Meta is rushing into artificial intelligence as it tries to build revenue streams away from its social media core business.
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