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Indonesia’s new president, Prabowo Subianto, has signalled continuity and stability by retaining key economic ministers from his predecessor’s administration, but analysts warn that internal cabinet discord could undermine his ambitious growth targets for Southeast Asia’s largest economy.
Qualcomm shares fell nearly 5% in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm.
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Much of the world has managed to successfully lower inflation and engineer an economic soft landing, avoiding recession, but faces rising geopolitical risks and weaker long-term growth prospects, according to the International Monetary Fund.
The biggest influx of liquified natural gas (LNG) supply is coming online and it will transform the global market, bringing about wide and enduring effects, said RBC Capital Markets.
The International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy.
Starbucks on Tuesday posted preliminary quarterly results that showed its sales fell again as the coffee chain tries to execute a turnaround.
Stock futures fell on Tuesday evening after the S&P 500 posted its first back-to-back loss since early September.