Dec 15 : Tesla’s board of directors has earned more than $3 billion through stock awards that far exceeded the value of those given to peers at the biggest U.S. technology firms at the time they were paid, according to an analysis performed for…
Category: 1. Iran
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Korea Zinc to build $7.4 billion smelter in US
(Corrects the year when the smelter will start operations in third paragraph)
SEOUL, Dec 15 : Korea Zinc said on Monday that it plans to build a smelter to produce key metals and minerals in the United States in a project that would cost $7.4…
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Netflix says its position on deal with Warner Bros Discovery unchanged
Dec 15 : Netflix’s decision to acquire assets from Warner Bros Discovery has not changed, its co-CEOs Greg Peters and Ted Sarandos said in a letter to employees on Monday.
The streaming giant won Warner Bros’ vote earlier this month, securing a…
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Pakistan cuts key rate by 50 bps to 10.5% in surprise move
KARACHI, Pakistan, Dec 15 : Pakistan’s central bank cut its key interest rate by 50 basis points to 10.5 per cent on Monday, breaking a four-meeting hold in a surprise move it said was aimed at supporting sustainable economic growth while keeping…
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South Korea central bank, NPS agree to extend currency swap agreement for another year
SEOUL, Dec 15 : South Korea’s central bank and the national pension fund have agreed to extend their foreign exchange swap line to the end of 2026, a move aimed at stabilising the dollar-won market as the won hovers near the weakest level in 16…
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Sri Lankan economy grew 5.4% in third quarter of 2025
Dec 15 : Sri Lanka’s economy grew 5.4 per cent year-on-year in the third quarter of 2025, official data showed on Monday, signaling a sustained recovery from the decade’s worst financial crisis in 2022.
The island nation’s economy had grown 4.9…
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Israeli tech sector annual deals and listings jump to $59 billion, PwC says
JERUSALEM, Dec 15 : Appetite for Israeli technology innovation has remained undiminished this year, with a surge in acquisitions and IPOs led by Alphabet’s $32 billion purchase of Israeli cybersecurity company Wiz, PwC Israel said on Monday.
The…
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VinFast will increase investment in Indonesia to up to $1 billion, executive says
JAKARTA, Dec 15 : Vietnamese electric vehicle maker VinFast will increase its investment in Indonesia to up to $1 billion, its local unit chief executive told Reuters on Monday.
The statement came after VinFast Indonesia inaugurated its first…
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Japan business mood hits 4-year high, keeps alive BOJ rate-hike view
TOKYO, Dec 15 : Big Japanese manufacturers’ business sentiment hit a four-year high in the three months to December, a closely watched survey showed on Monday, reinforcing market expectations the central bank will raise interest rates this…
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Iran rial hits record low as dollar climbs to 1.31 million
A three-tier gasoline pricing system, including sales at 50,000 rials per liter, took effect nationwide from the early hours of Saturday.
The move was followed by further devaluation of Iran’s rial, with the US dollar trading at a record high…
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