Summary: Vietnam 's Vinfast makes a remarkable stock market debut on Nasdaq , with shares surging over 200%, resulting in a valuation exceeding $85 billion, surpassing industry leaders Ford and General Motors . Founder and chairman of Vinfast gains an impressive $40 billion in a single day, controlling 99% of shares initially; trading volume reaches $185 million. Vinfast 's surge reflects ongoing global excitement about electric vehicle s and raises the prospect of new challengers emerging in the industry, potentially from low-cost East Asian countries like Vietnam . While profitability remains a challenge and produ...

Summary: China's deflation could lead to cheaper import s globally, potentially benefiting the UK's consumer market. UK inflation may receive some relief from cheaper Chinese import s, but ongoing challenges persist. Sustained deflation in China might hinder UK exporters due to delayed spending and slower market growth. Global trade, consumption, and commodity prices could be significantly affected by a slowdown in China's economic growth. ...

Summary: The Jackson Hole symposium begins, raising expectations about its impact on markets, interest rates , and the US dollar. Central banks grapple with the challenge of balancing inflation control and fostering economic growth . Fluctuations in the US dollar are not solely tied to the symposium but have multiple influencing factors. The euro's performance is analyzed in relation to recent dollar movements and support levels. Federal Reserve Chairman Jerome Powell's upcoming speech holds key insights for future market trends. ...

Summary: NVIDIA 's earnings report exceeded analyst expectations, leading to a 13.2% surge in stock price in extended trading. Other chip stocks , including AMD and Intel , also experienced significant gains as a result of NVIDIA 's success. ST Microelectronics , a French chip manufacturer, saw a positive stock price response due to the market's enthusiasm following NVIDIA 's earnings . ...

Summary: China 's Evergrande , a major property developer, has filed for US bankruptcy protection amidst ongoing restructuring efforts. Trouble in China 's property market extends beyond Evergrande , with other developers also facing financial challenges . Country Garden, a significant developer, is struggling to make bond interest payments due to unfinished projects and mortgage payment issues. China 's economy is grappling with deflation, reduced growth, trade challenges, and central bank interventions. ...

Summary: Watches of Switzerland shares are experiencing a significant decline in the London markets following the news of Rolex 's acquisition of Bucherer . The acquisition marks the latest chapter in the century-old relationship between Rolex and Bucherer . Swiss competition regulators are examining the takeover's potential impact on Bucherer 's global supplier relationships . Watches of Switzerland emphasizes that there will be no disruption to Bucherer 's regular business operations due to the acquisition . Despite the historic...

Summary: China's economy experiences deflation as consumer prices decline in July, a rare occurrence in over two years. Deflation refers to a sustained drop in prices, indicating weak demand and economic challenges. China's consumer price index showed an annual decrease of minus 0.3%, partially attributed to stabilized pork prices. China's economic authorities are under pressure to take active measures to stimulate the economy and boost domestic demand . The global impact of China's deflation includes potentially cheaper Chinese products abroad, but also limited access to the Chinese market due to weak demand . ...

Summary: Central banks face a significant week with crucial interest rate decisions. The Federal Reserve is expected to raise rates and provide insights through the press conference. The European Central Bank will likely indicate ongoing commitment to supporting economic growth. The Bank of Japan is anticipated to maintain its short-term interest rate target. Global markets closely monitor these decisions for potential currency shifts and investor reactions. Central banks wor...

Summary: FTSE 100 reaches 10-day highs despite mining company struggles. Mining stocks, including Anglo-American , Rio Tinto , Glencore , and Antepagasta , perform poorly due to concerns about global growth and Chinese economy . Wilco faces business-saving uncertainty leading to potential store closures and job layoffs. Virgin Media 's broadband contracts draw attention, potential for unlimited price rises under scrutiny. Positive news from PureGym as half-year revenue increase s alongside growing membership. Nvidia shares surge as chipmaker...

Summary: Global trend towards cashless society is accelerating. US experiences surge in card payments during pandemic. India's UPI fosters financial inclusion and data-driven services. China's AliPay and WeChat Pay dominate digital payments market. Distinct models of digital payments shape financial landscapes worldwide. ...

Summary: Spotify suffers a £34 million hit after cutting back its podcasting division, including terminating its deal with Meghan and Harry. Debates arise over whether the couple's popularity was worth the investment for Spotify. Some argue that Spotify's business decisions and overestimation of podcast returns contribute to the financial losses. Spotify has taken a £34 million hit after making heavy cutbacks in their podcasting division, including terminating their con...