The British pound weakened against other major currencies in the European session on Friday, as traders bet on increasing expectation that the Bank of England is likely to opt for interest rate cuts later this year. The Bank of England left its benchmark interest rate unchanged at a sixteen-year high for the fifth straight session...
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) - Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anti-competitive practices that could result in break-up orders to Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL)\'s Google, a first for the industry. That in turn...
Equity markets in Asia finished trading on a mixed note amidst an uptick in inflation in Japan as well as uncertainties about rate cuts by the Fed. The Dollar\'s rebound as well as mixed corporate earnings weighed on sentiment. China\'s Shanghai Composite Index slipped 0.95 percent to finish trading at 3,048.03. The day\'s trading ranged...
(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) from government personal computers and servers, the Financial Times reported on Sunday. The procurement guidance also seeks to sideline Microsoft (NASDAQ:MSFT)\'s Windows operating system and foreign-made database software in favour of domestic options, the report said. Government agencies above...
After an early setback due to a sell-off in the technology sector following Accenture\'s weak revenue guidance, Indian shares recovered and stayed fairly steady on Friday to eventually end the day\'s session modestly higher. Optimism about interest rate cuts by central banks continued to help underpin sentiment. The BSE benchmark Sensex, which fell nearly 470...
-- Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Pro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! UBS: Nvidia is \'the only chip company that can create its own market\' On Thursday, UBS analysts increased their price target for Nvidia to $1,100...
The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 7 points or 0.5 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau although it may run out of steam on Monday. The global forecast for the Asian markets is mixed, with strength from technology stocks...
-- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for PepsiCo, Riot Platforms and Kingsoft Cloud; downgrade for Nuscale Power . Pro subscribers always get first dibs on market-moving rating changes. PepsiCo What happened? On Monday, Morgan Stanley upgraded PepsiCo (NASDAQ:PEP) to Overweight with a...
The Singapore stock market on Friday wrote a finish to the three-day winning streak in which it had climbed almost 50 points or 1.6 percent. The Straits Times Index now sits just above the 3,215-point plateau and the losses may accelerate on Monday. The global forecast for the Asian markets is mixed, with strength from...
HONG KONG (Reuters) - Evergrande liquidators said the company, SJ and Tianji filed documents with a U.S. Court on Friday to withdraw Chapter 15 bankruptcy protection applications, the Chinese property company said in a filing to the Hong Kong Stock Exchange. Evergrande liquidators said they will make new applications under Chapter 15 of Title 11...