Tag: Business
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Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
LONDON, June 12 : Oil prices fell over 4 per cent on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent futures were down $3.81, or 4.22 per cent, at
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Exclusive-US bank regulators ramp up scrutiny of AI use at financial companies
NEW YORK, June 12 : U.S. banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance controls to risks posed by third-party vendors, according to people familiar with t
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SpaceX leveraged fund providers hit by day-one launch setback, sources say
PROVIDENCE, RHODE ISLAND, June 12 : Asset managers eager to roll out leveraged exchange-traded funds tied to SpaceX on its first trading day have been told to delay the launch until Monday, four sources familiar with the matter said.The setback denies speculators and traders a chance to capture what many expe
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SpaceX’s Gwynne Shotwell had IPO doubts for years, now she has a message for investors
Gwynne Shotwell, long Elon Musk’s second-in-command at SpaceX, spoke exclusively with CNBC ahead of her company’s highly anticipated IPO.
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After record IPO, Musk’s SpaceX faces next test in market debut
June 12 : SpaceX is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world’s biggest IPO ever, betting that Elon Musk’s lofty space, communications and AI ambitions can justify a $1.77 trillion valuation. The landmark listing cemented Musk’s status as the first trillionaire
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India clears way for self-driving, safety car tech to reduce road deaths
BENGALURU, June 12 : India has scrapped a licence requirement for radar sensors, freeing automakers to adopt technology that helps cars avoid crashes and drive themselves by sensing surrounding objects, in a bid to make some of the world’s deadliest roads safer.The world’s third largest car market, India repo
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Meta reportedly begins dismantling $2 billion Manus deal on Beijing’s orders
Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing’s unprecedented order to hand back the Chinese-founded AI startup.
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OpenAI opens Madrid office to speed up ChatGPT expansion
The company behind ChatGPT will open an office in Madrid to strengthen its European presence and work more closely with Spanish firms, developers, research centres and institutions.
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Investors respond positively to Bank Indonesia’s surprise rate hike, with inflows up, official says
JAKARTA, June 12 : Indonesia’s central bank spokesperson said on Friday that foreign investors have responded positively to its rare off-cycle interest rate hike and an increase in bond yields, as reflected by a rise in foreign capital inflows this week.Bank Indonesia (BI) raised interest rate by 25 basis poi
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Asian stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
US President Donald Trump said on Thursday (Jun 11) that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on Iran.
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