Tag: Business
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Stocks, bonds cautious ahead of ‘formidable’ week for risk
LONDON, Oct 26 : Global shares edged up on Monday as oil eased from six-month highs ahead of a week of central bank meetings and corporate earnings that will further test confidence in the AI boom.The oil price was down around 2 per cent to $114.6 after reports that Qatari mediators were in Tehran on…
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Sumitomo Life to remain cautious on JGB yields, keep investment pace unchanged from H1
TOKYO, Oct 26 : Sumitomo Life Insurance said on Monday it would carefully monitor yields on Japan’s super-long government bonds, while it would keep its investment pace for Japanese government bonds (JGBs) unchanged in the second half of this year from the first half.Here are some details:• “For life
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India’s Tata Communications to spend $450 million on AI connectivity infrastructure
Oct 26 : Tata Communications, which offers data connections and cybersecurity to enterprises, announced investments of close to $450 million on Monday to build high-speed network cables connecting India’s AI data-centre corridors.Here are some more details:• The company will build around 10,000 ki
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Japan’s Nikkei falls for a 3rd day as tech sector weighs, energy shares rise
TOKYO, Oct 26 : Japan’s Nikkei share gauge lost ground for a third straight session on Monday as chip-related shares continued their decline, while energy-linked shares gained on higher oil prices.The benchmark Nikkei 225 slid 0.80 per cent to close at 62,189.65, its lowest closing level since July 30. The br
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India’s Infosys falls after revenue growth view cut flags AI, competitive pressures
Oct 26 : Shares of India’s Infosys fell 2.7 per cent on Monday after the software exporter sharply cut its fiscal 2027 revenue growth forecast, underscoring challenges from AI-driven pricing pressure, tougher competition and sluggish demand in key markets.The firm was the last of the top 5 to report earnings
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Indonesia strengthens measures against stock manipulation after market rout triggered by MSCI
Indonesian President Prabowo Subianto told his Cabinet last week that MSCI was trying to “intimidate” Indonesia, but said the country would not be afraid.
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Defense tech investment boom sparks bubble warning as private equity pours in
Private equity growth investments in defense reached $4 billion in the first nine months of 2026, up from $500 million in 2024.
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India’s Infosys falls after cutting revenue growth forecast for fiscal 2027
Oct 26 : Shares of IT firm Infosys fell 2.7 per cent in early trading on Monday after the company cut its fiscal 2027 revenue growth forecast more than expected and reported weakness in its North America business. The company cut its fiscal 2027 revenue growth forecast to 1 per cent-2 per cent from 1.5…
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Japanese companies compensate users as cyberattacks buffet economy
TOKYO, Oct 26 : Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet services and raised concerns about economic stability.GMO Internet Group said customers would be compensated for losses stemming from unauthorised access following a cyberatt
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Moonshot resets subscriber quotas after Kimi K3.1 Pro launch issues
BEIJING, Oct 26 : Chinese artificial intelligence startup Moonshot AI apologised on Monday for rate limiting and unnecessary quota consumption after its Kimi K3.1 Pro launch.Here are some details: • Beijing-based Moonshot said on its Kimi X account that it was offering to reset the monthly quota of
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