Category: 3. Business

  • Intel’s stock rallies after $2 billion investment by Japan’s SoftBank

    Intel’s stock rallies after $2 billion investment by Japan’s SoftBank

    By Mike Murphy

    Intel headquarters in Santa Clara, Calif.

    Intel Corp. shares jumped in after-hours trading Monday after the chipmaker announced a $2 billion investment by Japan’s SoftBank Group Corp.

    Earlier in the day, Bloomberg News had reported the Trump administration was in talks to take a 10% stake in Intel, essentially equal to the amount of funding the company received from the Chips and Science Act under the Biden administration. That sent the stock down 3.7% in regular trading.

    But shares turned around in the extended session after the SoftBank announcement, rallying 5.4%.

    In a statement late Monday, Intel (INTC) said the deal with SoftBank (JP:9984) comes as both companies “deepen their commitment to investing in advanced technology and semiconductor innovation” in the U.S.

    “Semiconductors are the foundation of every industry,” SoftBank Chief Executive and Chairman Masayoshi Son said in a statement. “For more than 50 years, Intel has been a trusted leader in innovation. This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role.”

    SoftBank shares fell 1.8% in Tokyo trading.

    Intel has been undergoing a painful restructuring as it tries to catch up in the AI chip game, after being surpassed by rivals such Taiwan Semiconductor Manufacturing Corp. (TSM). Intel reported another quarterly loss last month, and President Donald Trump recently called for CEO Lip-Bu Tan’s resignation, though Trump toned down his rhetoric following a meeting with Tan last week.

    Read more: Trump’s clash with Intel’s CEO isn’t just politics – it’s a crucial test for U.S. chip making

    In a statement Monday, Tan said he was “pleased” with SoftBank’s investment, “and I appreciate the confidence [Son] has placed in Intel.”

    SoftBank will pay $23 per share of Intel common stock.

    Intel shares closed Monday at $23.66 a share, and are up about 18% year to date, compared to the S&P 500’s SPX nearly 10% gain.

    Also read: Opinion: Intel has 18 months to determine its future – or Qualcomm and Arm will

    -Mike Murphy

    This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

    (END) Dow Jones Newswires

    08-18-25 2241ET

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • Singapore Dollar Consolidates Amid Focus on Possible Russia-Ukraine Meeting – The Wall Street Journal

    1. Singapore Dollar Consolidates Amid Focus on Possible Russia-Ukraine Meeting  The Wall Street Journal
    2. Emerging-Market Assets Inch Higher Before Ukraine, Fed Meetings  Bloomberg.com
    3. S&P 500 futures ease ahead of White House talks on Ukraine  MarketWatch
    4. investingLive Asia-pacific FX news wrap 18 Aug: BTC back below 116K  investingLive

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  • Market exchange rates in China — Aug. 19-Xinhua

    BEIJING, Aug. 19 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Tuesday by the China Foreign Exchange Trade System:

    Currency Unit Central parity rate in yuan

    U.S. dollar 100 713.59

    Euro 100 834.27

    Japanese yen 100 4.8391

    Hong Kong dollar 100 91.247

    British pound 100 966.20

    Australian dollar 100 464.62

    New Zealand dollar 100 424.26

    Singapore dollar 100 556.92

    Swiss franc 100 885.61

    Canadian dollar 100 518.35

    Pataca 112.94 100

    Malaysian ringgit 59.042 100

    Ruble 1,119.50 100

    Rand 246.58 100

    Korean won 19,379 100

    UAE dirham 51.322 100

    Saudi riyal 52.433 100

    Hungarian forint 4,732.69 100

    Polish zloty 50.922 100

    Danish krone 89.47 100

    Swedish krona 133.60 100

    Norwegian krone 142.49 100

    Turkish lira 571.028 100

    Mexican peso 262.73 100

    Thai baht 453.51 100

    The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

    The central parity rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S. dollar and the exchange rate of the Hong Kong dollar against the U.S. dollar at 9 a.m. in international foreign exchange markets on the same business day.

    The central parity rate of the yuan against the Pataca is based on the central parity rate of the yuan against the Hong Kong dollar and the exchange rate of the Pataca against the Hong Kong dollar at 9 a.m. in international foreign exchange markets on the same business day.

    The central parity rates of the yuan against the other 22 currencies are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.

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  • AMRO’s 2025 Annual Consultation Report on Hong Kong, China – ASEAN+3 Macroeconomic Research Office

    AMRO’s 2025 Annual Consultation Report on Hong Kong, China – ASEAN+3 Macroeconomic Research Office

    Hong Kong, China’s economy is navigating a delicate balance of risks and opportunities amid global trade tensions. The most immediate and pressing challenge arises from its sensitivity to global trade, particularly the tensions between the US and China and the associated slowdown in global trade. However, within this volatile environment, Hong Kong’s unique role as a “super connector” between Mainland China and the rest of the world has come into sharper focus, bolstering financial activities and offering potential opportunities amid uncertainties.

    To fortify its economic recovery in the face of compounded external and domestic risks, it will be critical to deploy a coordinated and multi-faceted policy response comprising timely and targeted policy support, market diversification, and efforts to cultivate new growth drivers.


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  • CSL to lay off up to 15% of workforce and spin off flu vaccine arm; shares tumble – Reuters

    1. CSL to lay off up to 15% of workforce and spin off flu vaccine arm; shares tumble  Reuters
    2. Markets live updates: CSL to cut more than 3,000 jobs as it ‘simplifies’ business, spins off flu arm, ASX to fall  Australian Broadcasting Corporation
    3. Australian biopharma firm CSL posts 14% rise in annual profit  MSN
    4. ASX extends losses; BHP rebounds, CSL tumbles  The Age
    5. CSL to Spin Off Vaccine Unit Seqirus, Plans $487 Million Buyback  Bloomberg.com

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  • The Commodities Feed: Oil lower on prospects of a Zelensky–Putin meeting | articles

    The Commodities Feed: Oil lower on prospects of a Zelensky–Putin meeting | articles

    Oil prices are marginally lower in early morning trading today, following the meeting between Presidents Trump and Zelensky. The Ukrainian leader appears to have pushed for more clarity around US security guarantees and reportedly is willing to offer a $100bn weapons deal in return for such guarantees.

    There was no critical breakthrough. It appears the next step is a meeting between Zelensky and Putin, possibly within two weeks. This will be crucial, marking the first time the leaders meet since the war started. A big sticking point relates to territory. Putin wants Ukraine to concede Donetsk and Luhansk in their entirety — even parts of those regions not currently under Russian occupation. Zelensky has made it clear this isn’t something he would accept. We’ll have to wait until such a meeting to know how much flexibility there is on both the Russian and Ukrainian sides.

    Betting markets aren’t overly convinced that we’ll see a ceasefire before the end of the year. Polymarkets is showing a 38% chance of a ceasefire, well below the peak of 78% seen in March. The modest price action in the oil market this morning appears to fit with this view.

    The other big issue relating to Russia-Ukraine is the secondary tariffs the US placed on India for its imports of Russian oil. The deadline (27 August) to come to a deal before tariffs are introduced is nearing. To make matters worse, trade talks that were set to take place in late August have reportedly been postponed.

    Finally, Ukraine said it attacked Russia’s Druzhba pipeline system, which carries crude oil to parts of central Europe. Both Hungary and Slovakia report disruptions due to the attack. Russian oil flows to both countries via the Druzhba average a little more than 200k b/d.

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  • Researchers investigate how citrus bioflavonoid naringin could reduce inflammation and heart risk

    Researchers investigate how citrus bioflavonoid naringin could reduce inflammation and heart risk

    From endothelial repair to anti-inflammatory effects, naringin demonstrates powerful heart-protective actions before reaching clinical trials.

    Systematic Review: Endothelial and Cardiovascular Effects of Naringin: A Systematic Review. Image Credit: New Africa / Shutterstock

    In a recent study published in the journal Nutrients, researchers evaluated the cardiovascular and endothelial effects of naringin, a flavonoid found in citrus fruits.

    Cardiovascular diseases are the leading cause of death worldwide. Among the various cardioprotective dietary bioactive compounds, flavonoids have gained significant attention for their antioxidant and anti-inflammatory capacities. Naringin is a flavanone glycoside mainly found in citrus fruits, especially in mandarin oranges and grapefruit. It has attracted considerable interest due to its multifaceted biological actions and potential cardioprotective role, though its clinical translation is limited by low oral bioavailability (<5%), prompting research into advanced delivery systems like liposomal encapsulation.

    About the Study

    In the present systematic review, researchers evaluated the cardiovascular and endothelial effects of naringin across cellular, animal, and human studies. First, they searched the Web of Science, PubMed, Embase, and Scopus databases to identify relevant articles published from January 2000 to June 2025. Original experimental research studies evaluating the effects of naringin on myocardial or endothelial function were included.

    Reviews, editorials, abstracts, and studies without cardiovascular endpoints were excluded. Titles/abstracts were screened, followed by full text analysis based on the Population, Intervention, Comparator, and Outcomes (PICO) framework. Studies in human subjects, cell cultures, and animal models were retained. Cardiovascular or endothelial function outcomes included myocardial infarct size, blood pressure, markers of endothelial function, and cardiac remodeling, among others.

    Data on study type, dose, model, treatment duration, endpoints, and mechanistic findings were extracted. A narrative synthesis approach was used due to heterogeneity in model systems, study design, and endpoints. A qualitative synthesis was performed to stratify results by primary endpoints (myocardial or endothelial function) and model type (human, cell, animal).

    Naringin Molecular Structure and Citrus Food Sources. The concentration of naringin in plant sources were obtained from Alam et al.

    Naringin Molecular Structure and Citrus Food Sources. The concentration of naringin in plant sources were obtained from Alam et al.

    Findings

    The database search identified 2,884 unique records. The full texts of 165 records were assessed for eligibility, and 62 studies were included. These included 28 in vitro, 29 animal, and five human studies. Eight in vitro studies focused on endothelial cells and showed that naringin had protective effects on vascular endothelial cells via suppression of NF-κB signaling and adhesion molecules (e.g., VCAM-1, ICAM-1). Naringin attenuated inflammation activation and preserved normal function in cultured human endothelial cells.

    Nineteen in vitro studies were on cardiovascular cell types, including five on vascular smooth muscle cells (VSMCs), and 14 on cardiac cells. Naringin was found to blunt apoptotic and hypertrophic responses in cardiomyocyte and cardiomyoblast models through modulation of PI3K/Akt and Nrf2 pathways. The anti-hypertrophic effect was related to its ability to inhibit downstream ion transporters and carbonic anhydrase II. Moreover, naringin has been shown to protect cardiomyocytes from simulated in vitro ischemia-reperfusion (I/R) by inhibiting ferroptosis and cGAS-STING pathways.

    In a model of hypoxia/reoxygenation injury, naringin reduced oxidative stress, improved cell survival, and preserved mitochondrial membrane potential post-injury. Naringin has been shown to protect cardiomyocytes against doxorubicin-induced cardiotoxicity by reducing reactive oxygen species (ROS) generation and apoptosis. Further, naringin has been found to exert anti-atherogenic effects in VSMCs by curbing abnormal migration and proliferation.

    Among animal studies, 15 used metabolic disorder models, with nine specifically focusing on myocardial I/R injury or hypertension. Animal models of endothelial injury and hyperlipidemia have demonstrated the anti-atherosclerotic effects of naringin. In rabbit models fed cholesterol, chronic naringin treatment reduced atherosclerotic lesion development.

    Studies on hypercholesterolemic rabbits reported significant attenuation of aortic atherosclerosis with naringin treatment, associated with reduced expression of intercellular adhesion molecule 1 (ICAM-1) in the endothelium. In an atherosclerosis-prone mouse model, naringin inhibited plaque formation, protected vascular endothelium, and promoted endothelial nitric oxide synthase (eNOS) protein expression via PI3K/Akt activation.

    Moreover, naringin has demonstrated anti-hypertensive effects linked to renin-angiotensin system (RAS) modulation, preventing cardiac remodeling. Studies on animal models of diet-induced metabolic syndrome have reported that naringin reduces cardiac hypertrophy and apoptosis. Beyond ischemia-reperfusion, benefits extended to diabetic cardiomyopathy, sepsis-induced myocardial dysfunction, and doxorubicin cardiotoxicity models.

    In addition, naringin has consistently demonstrated cardioprotective effects in animal models of I/R injury and myocardial infarction (MI). For instance, naringin pretreatment significantly improved cardiac function and reduced myocardial damage in a rat model of I/R injury. This cardioprotection was associated with reductions in myocardial oxidative stress, inflammation, and apoptosis via PI3K/Akt and Nrf2/GPX4 pathways. In a rat model of MI, naringin pretreatment prevented myocardial necrosis and oxidative stress.

    Naringin was found to improve cardiac function and histology in diabetic cardiomyopathy models and attenuate sepsis and lipopolysaccharide-induced myocardial dysfunction in other models. Further, compared to preclinical studies, few studies have examined the effects of naringin in humans. Although still limited, evidence on the cardiovascular effects of naringin in humans stems from dietary intervention studies and clinical trials.

    A randomized controlled trial reported significant improvements in cardiometabolic parameters in adults who received naringin for 90 days, showing a favorable lipid-modulating effect. Notably, one trial also documented improved arterial stiffness (reduced pulse wave velocity) with naringin-rich grapefruit juice. A dietary intervention study of adults with moderate hypercholesterolemia reported that naringin intake for eight weeks did not change plasma cholesterol levels; this lack of effect might be due to insufficient dose or treatment duration, as effective preclinical doses translate to ~1 g/day in humans.

    Conclusions

    In sum, a substantial body of evidence positions naringin as a potent compound with cardiovascular benefits. Preclinical studies have documented its ability to protect the myocardium and improve endothelial function through multi-targeted actions on oxidative stress (Nrf2), inflammation (NF-κB), cell survival (PI3K/Akt), and RAS modulation. It can suppress oxidative stress and inflammation, preserve endothelial integrity, and activate pro-survival signaling in cells.

    Despite the positive findings of naringin, further research is needed to define optimal dosing, improve bioavailability, and validate effects in large-scale human trials to cement its role in clinical practice.

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  • Legendary Trader Peter Brandt Just Mapped Bitcoin’s Next Peak—And It Could Hit $145K by September

    Legendary Trader Peter Brandt Just Mapped Bitcoin’s Next Peak—And It Could Hit $145K by September

    Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

    The veteran analyst who called Bitcoin’s 2017 top is tracking a 75-week pattern that suggests crypto’s current bull run has a precise expiration date

    Peter Brandt has seen enough market cycles to spot patterns that escape most traders. The legendary commodities trader, who predicted Bitcoin’s 2017 peak, just shared a striking analysis that could determine when the current crypto bull market reaches its climax.

    According to Brandt’s latest research, Bitcoin bull cycles follow a remarkably consistent 75-week pattern, give or take two weeks. His analysis reveals that the 2015-2017 bull cycle lasted exactly 75 weeks, and the 2018-2021 cycle also clocked in at 75 weeks with the same margin of error.

    Don’t Miss:

    If this pattern holds for the current cycle that began in 2022, Brandt predicts the bull market top will arrive during the week of Sept. 22, plus or minus two weeks. This puts the potential peak window between Sept. 15 and Sept. 28.

    But here’s where it gets interesting for investors: Brandt isn’t just timing the cycle—he’s pricing it too. His analysis suggests Bitcoin could reach between $125,000 and $145,000 if the historical pattern repeats.

    This isn’t just chart reading—it’s pattern recognition based on multiple completed cycles that Brandt has tracked over several years.

    For retail investors, this analysis offers both opportunity and warning. Bitcoin has already demonstrated its ability to follow cyclical patterns, making Brandt’s framework a valuable timing tool. However, the same pattern that could drive Bitcoin to new heights also suggests a definitive endpoint.

    Trending: ‘Scrolling To UBI’ — Deloitte’s #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share.

    The implications extend beyond Bitcoin itself. If the largest cryptocurrency follows this timeline, it could influence the entire crypto market’s trajectory. Altcoins typically amplify Bitcoin’s movements, meaning the September timeframe could mark peak euphoria across digital assets.

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  • Pakistani Youth Engagement in Stock Market

    Pakistani Youth Engagement in Stock Market

    The Pakistani Stock Market is often perceived as a platform for seasoned investors, yet the real opportunity lies in empowering our youth to participate actively. With nearly 64% of Pakistan’s population under the age of 30, this demographic holds the key to expanding the investor base and fostering long-term market growth.

    Young investors are naturally more adaptable to digital platforms, online trading, and innovative financial products. The PSX should take advantage of this by introducing simplified investment accounts, student-friendly trading options, and educational resources that demystify investing. Such measures would not only promote financial literacy but also help cultivate a culture of saving and investment from 

    an early age.

    Moreover, youth-led start-ups could benefit enormously from easier access to equity financing via the PSX. Encouraging small and medium-sized enterprises (SMEs) to list on the exchange would create more diverse investment opportunities while driving innovation and job creation.

    If we want a stock market that is resilient, inclusive, and forward-looking, youth engagement must be at the heart of the strategy. By combining technology, education, and opportunity, the PSX can become a true engine of national progress.

    MUHAMMAD NABEEL HAIDER,

    Islamabad.


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  • Australia's Santos flags delay in finalising ADNOC-led offer beyond deadline – Reuters

    1. Australia’s Santos flags delay in finalising ADNOC-led offer beyond deadline  Reuters
    2. Disturbing history behind company in Santos takeover bid  Australian Broadcasting Corporation
    3. Santos reveals four-week delay to ADNOC takeover deal  AFR
    4. Santos does not expect parties to enter binding SIA by 22 August  MarketScreener
    5. Santos Shares Fall After Another Delay in $19 Billion Takeover  Bloomberg.com

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