The euro was higher against its major counterparts in the New York session on Friday, as concerns about an escalation in the Middle East conflict eased after a subdued response from Iran to Israel\'s retaliatory attack. Iran\'s state-run media reported that there was no missile attack and the explosions heard in Isfahan were the result...
-- Japan’s Nikkei 225 index rose in morning trade on Friday, notching a record high above key levels as investors remained largely upbeat over the Bank of Japan remaining accommodative in the near-term. The Nikkei 225 rose as much as 1% to a record high of 41,133 points, before capitulating some gains. The broader TOPIX...
Core Scientific partners with CoreWeave to expand its AI infrastructure, leveraging its expertise in customized data centers.Core Scientific has been involved in AI since 2019, integrating AI clusters while maintaining its Bitcoin mining operations. One of the biggest Bitcoin mining firms, Core Scientific, has contracted CoreWeave to increase its artificial intelligence (AI) capacity. Valued at...
The Indonesia stock market has tracked higher in eight straight sessions, climbing more than 300 points or 4.1 percent along the way. The Jakarta Composite Index now rests just beneath the 7,790-point plateau and its overdue for consolidation on Wednesday. The global forecast for the Asian markets is soft thanks to rising treasury yields. The...
JAKARTA.PT Perusahaan Gas Negara Tbk (PGAS)has reportedly collaborated with PT ITDC Nusantara Utilitas (INU), a subsidiary of InJourney Tourism Development Corporation, to develop a gas network in tourism sector. Ratih Esti Prihatini, Director of Commercial of PGAS, mentioned that this partnership is the first step to fulfil the target of gas network construction target. “Hopefully,...
-- Most Asian stocks retreated on Wednesday, tracking overnight weakness in Wall Street as risk sentiment wavered ahead of more cues from the Federal Reserve and key earnings from artificial intelligence giant NVIDIA Corporation (NASDAQ:NVDA). Chinese markets, however, saw extended gains as they recovered further from five-year lows. A bigger-than-expected interest rate cut by the...
UK retail sales volume rebounded in July as summer discounting and the European football Championship boosted department stores and sports equipment stores sales. Retail sales increased 0.5 percent on a monthly basis in July, following a revised 0.9 percent fall in June, the Office for National Statistics said Friday. Economists had forecast sales to grow...
Thailand Digital Asset Association has warned Thai users that the recent crypto price uptrend could potentially attract hackers. The association which comprise of a network of blockchain evangelists, aims to create awareness among citizens on the dark side of crypto-asset bubble. According to Suppakrit Boonsat, founder of Bitcast and the association’s director, despite the crypto...
JAKARTA. PT Wismilak Inti Makmur Tbk (WIIM), a cigarette manufacturer with the third highest market capitalisation in Indonesia, reported net profit of IDR 147.24 billion in the first half (H1) of 2024. Said number was 40% year-on-year (yoy) lower from the same period last year, in which WIIM booked net profit of IDR 246.88 billion....
European stocks may open on a mixed note Thursday, with technology stocks likely to suffer losses as Nvidias quarterly forecast failed to impress investors. The AI chip champion predicted sales and margins broadly in line with Wall Street estimates but disappointed some bullish investors who had hoped for something more dramatic. Asian markets fell in...