Tech major Google LLC announced reshuffle to its group structure and leadership roles in Artificial Intelligence to prepare its Knowledge & Information team for the Gemini era. With the move, the company aims to strengthen its race in AI, which moves faster than any other technology, amid surging competition. Prabhakar Raghavan, who has been leading...
After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September. The Commerce Department said housing starts fell by 0.5 percent to an annual rate of 1.354 million in September...
European stocks closed higher on Friday and the major markets in the region posted second straight week of gains, as investors continued to cheer the European Central Banks rate cut decision, and remained optimistic about more rate cuts by several other central banks. Markets also reacted to positive economic data from China, and digested the...
The Switzerland market ended modestly higher on Friday after a choppy ride as investors looked ahead to more interest rate cuts from central banks after the European Central Bank cut rates for the third time this year. The benchmark SMI ended with a gain of 22.49 points or 0.18% at 12,326.76 after moving between 12,280.52...
The Canadian dollar declined against its most major counterparts in the New York session on Friday, as oil prices dropped on concerns about slowing demand from China. Official data showed that Chinas economy grew 4.6 percent in Q3, slowing from 4.7 percent annual growth in the previous quarter and falling below the official 5 percent...
The Canadian market is up firmly in positive territory Friday afternoon after posting a new high for the third straight day. Materials stocks are contributing to the move up north, with firm metal prices triggering hectic buying at several counters in the sector. The benchmark S&P/TSX Composite Index is up 159.67 or 0.65% at 24,850.15,...
The U.S. dollar turned a bit weak on Friday, snapping a five-day winning streak, with global stocks moving higher on increased risk appetite after the Chinese government announced a couple of funding schemes. With hopes of aggressive interest rate cuts by the Federal Reserve fading a bit after recent upbeat U.S. economic data, the dollar...
The Canadian market climbed to a new record high on Friday, rising for a third straight day, thanks to strong gains in materials stocks as metal prices surged to record highs. Continued optimism about interest rate cuts by the Bank of Canada also aided sentiment. The benchmark S&P/TSX Composite Index, which marched to a new...
Indian shares may trade in a range on Thursday as investors await earnings results from prominent companies including Axis Bank, Infosys, Wipro, Nestle India, LTIMindtree and Tata Chemicals for direction. Meanwhile, Reliance Industries has fixed the record date for a 1:1 bonus issue. Also, the Bloomberg News reported, citing people familiar with the matter that...
Indian shares opened on a cautious note Thursday as focus shifted to a batch of earnings due later in the day. The benchmark S&P/BSE Sensex was down 297 points, or 0.4 percent, at 81,204 in early trade while the broader NSE Nifty index was down 157 points, or 0.6 percent, at 24,814. Axis Bank fell...