Asia-Pacific markets fall, tracking declines on Wall Street

Emerging markets said to see the next bull run as the ‘sell U.S.’ narrative gains ground Emerging markets stocks are in the spotlight again as the “sell U.S.” narrative gains fresh momentum, following Moody’s recent downgrade of the U.S. credit rating. The Bank of America heralded emerging markets as “the next bull market” recently.  “Weaker…

OpenAI is buying iPhone designer Jony Ive’s AI devices startup for $6.4 billion

OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images OpenAI said on Wednesday that it’s buying Jony Ive’s AI devices startup io for…

Asia-Pacific markets mostly rise after Wall Street rally pauses

Pedestrians walking across a crowded traffic at Shibuya crossing square in Tokyo, Japan. Jaczhou | E+ | Getty Images Asia-Pacific markets traded mostly higher Wednesday after Wall Street halted its six-day win streak. Japan’s benchmark Nikkei 225 slipped 0.61% to close at 37,298.98 after the country reported that exports slowed for a second straight month…