According to initial voting results, Hess Corp has approved its $53 billion merger with Chevron, the second-largest oil company in the United States. The merger required a majority vote from the outstanding 308 million shares of Hess to pass

The Nasdaq Composite, which is heavily weighted towards technology stocks, hit a new milestone on Tuesday, surpassing 17,000 for the first time. This was driven by the impressive performance of AI company Nvidia, which reached a record high of $1,140 per share after its earnings report.

Kyushu Electric Power Co. has successfully raised ¥30 billion ($191 million) through Japan’s first environmental bond dedicated to financing nuclear projects. Despite the controversial nature of the deal, the power company received strong demand from investors.

China’s quantitative hedge funds experienced a decrease in assets last quarter for the first time since late 2022. The drop in assets was a result of the stock-market meltdown in China, which impacted the performance of these funds and eroded investor confidence in their algorithm-driven trading strategies.

In a notable development, service prices in Japan have experienced their highest increase in over 30 years, indicating a broader trend of inflation. This strengthens the case for the Bank of Japan to consider raising interest rates. The services producer price index,

Colonial First State, a major Australian pension and wealth asset manager with A$151 billion ($100 billion) under its management, is planning to increase its private credit investments as it expects interest rates to remain high for an extended period of time.