Tag: cent
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Global stocks hold gains after in-line US CPI
LONDON, Aug 12 : Global stocks held on to gains on Wednesday after U.S. inflation data came in as expected, while oil prices edged higher after a senior Iranian official told Reuters there were no discussions with Washington on extending a ceasefire.The Consumer Price Index edged up 0.1 per cent last month af
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Nebius beats quarterly revenue estimates as AI demand fuels growth
Aug 12 : Nebius Group surpassed second-quarter revenue estimates on Wednesday as booming demand for AI infrastructure and cloud services helped the company win larger contracts and raise prices for computing capacity, sending its shares up 12 per cent in premarket trading.The Amsterdam-based AI infrastructure
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Dollar ticks up on Iran tension, with US data in focus
Aug 12 : The dollar ticked higher on Wednesday, underpinned by renewed Gulf tensions, with markets focused on upcoming U.S. economic data for signals on the Fed’s policy trajectory.Oil prices edged up after the United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesday, wi
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Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short
BEIJING, Aug 12 : Tencent Holdings reported an 11 per cent rise in second-quarter revenue on Wednesday, driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.For the three months to the end of June, the Shenzhen-based gaming and internet company repo
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CoreWeave, Super Micro climb on signs of sustained AI buildout
Aug 12 : Shares of CoreWeave and Super Micro Computer climbed premarket on Wednesday after upbeat forecasts from the two AI infrastructure companies reinforced demand expectations for computing capacity.Shares of neocloud provider CoreWeave rose more than 18 per cent, with peer Nebius Group rising 10 per cent
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Dollar ticks up on Iran tensions, with US data in focus
Aug 12 : The U.S. dollar ticked higher on Wednesday, underpinned by renewed Gulf tensions, with markets focused on upcoming U.S. economic data for signals on the Fed’s policy trajectory.Oil prices edged up after the United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesda
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KKR offers to buy over 8% First Gen stake from parent First Philippine Holdings
Aug 12 : Philippines’ First Gen Corp said on Wednesday that global investment firm KKR has offered to buy 8.43 per cent of the shares held by First Philippine Holdings Corp in the power producer.Here are some details: • FPH, which holds 67.84 per cent in First Gen, said in a separate statement tha
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Japan fund managers chase retail cash as JGB yields surge
TOKYO, Aug 12 : After years of paying investors almost nothing, Japanese government bonds are suddenly worth owning again, and domestic asset managers are hurrying to give ordinary investors a way in.With yields on long-term JGBs now rivalling those of U.S. Treasuries and German bunds, Mitsubishi UFJ Asset Ma
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Super Micro forecasts upbeat annual revenue on data center adoption
Aug 11 : Super Micro Computer forecast fiscal 2027 revenue above Wall Street expectations on Tuesday, betting that strong demand for its AI-optimized servers would fuel another year of growth, sending its shares up 7 per cent in extended trading.The server maker has benefited from the race to equip data cente
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Super Micro forecasts upbeat annual revenue on AI boom
Aug 11 : Super Micro Computer forecast fiscal 2027 revenue above Wall Street expectations on Tuesday, betting that strong demand for its AI-optimized servers would fuel another year of growth, sending its shares up 9 per cent in extended trading.The server maker has been a winner in the race to equip data cen
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