Tag: cent
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Cerebras slumps as mixed quarterly results test AI growth narrative
Aug 13 : Cerebras Systems slumped over 18 per cent premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about the ability of its AI chips to challenge Nvidia.Expectations were high for AI-linked companies including Cerebras and networking equipment maker Cisco, giv
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Dollar stalls after benign US inflation curbs Fed rate hike bets
LONDON, Aug 13 : The dollar drifted on Thursday after an overall benign reading of U.S. consumer inflation prompted traders to pare back their bets on a September rate hike from the Federal Reserve.The U.S. currency is still up 0.4 per cent so far this week against a basket of major currencies, heading for it
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Stocks edge up with oil price below $90, dollar at 2-week high, Iran in focus
Aug 13 : Stocks edged higher on Thursday and oil stayed below $90 with investors turning their attention back to the conflict in Iran, after softer-than-expected U.S. data reinforced expectations that the Federal Reserve will keep rates unchanged next month.Traders scaled back their bets on a September rate h
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Philippines’ First Gen eyes take-private deal from KKR at $2.7 billion valuation
Aug 13 : A mandatory offer from KKR to buy Philippines-based First Gen Corp would value it at around 165.44 billion pesos ($2.70 billion), the power producer and its parent First Philippine Holdings said on Thursday.First Gen disclosed on Wednesday that KKR had offered to buy an 8.43 per cent stake in the com
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Adyen raises revenue forecast on acquisition boost, shares soar
Aug 13 : Adyen raised its revenue growth forecast on Thursday, sending the shares 11 per cent higher and offering investors some relief after a year during which the Dutch payments processor lost more than a third of its market value.Adyen now expects its net revenue to grow between 21 per cent and 23 per…
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Thailand’s second-quarter growth seen slowing sharply as weak consumption weighs: Reuters poll
BENGALURU, Aug 13 : Thailand’s economic growth likely slowed sharply in the second quarter, while the economy contracted on a quarterly basis, a Reuters poll of economists showed, as subdued household consumption offset support from exports and private investment. Southeast Asia’s second-largest economy like
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Adyen lifts 2026 revenue outlook after strong first half
Aug 13 : Adyen, the Dutch firm that handles payments for Spotify and Microsoft, raised its annual revenue growth forecast on Thursday as it continued to win more customers and invest in its payments technology.Adyen now expects net revenue to grow between 21 per cent and 23 per cent in 2026, compared with a p
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Dollar treads water as Fed hike bets pared on benign US inflation
TOKYO, Aug 13 : The dollar’s advance stalled on Thursday after an overall benign U.S. inflation reading overnight spurred traders to pare back bets for a near-term Federal Reserve interest rate hike.The greenback was little changed against the yen as of Asia’s midday, but remained on course to gain about 1 pe
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Japan’s wholesale inflation stays hot, bolstering odds of September BOJ hike
TOKYO, Aug 13 : Japan’s annual wholesale inflation remained elevated in July, data showed on Thursday, highlighting broadening price pressures and reinforcing market expectations of an interest rate hike in September.The data came in the wake of growing hawkish communication from the Bank of Japan including a
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Asian stocks rise as US inflation data dents September Fed hike bets
TOKYO, Aug 13 : Asian stocks rose on Thursday after U.S. inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes, while oil held near $80 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war.MSCI’s broadest index of Asia-Pa
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