Tag: cent
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Wall Street gains as healthcare stocks rally, oil prices fall
NEW YORK: Wall Street’s main indexes climbed on Tuesday (Oct 20) as healthcare stocks hit a record high and easing oil prices boosted investor sentiment, while markets continued to stabilise following last week’s technology-led selloff.Brent crude was trading 1.3 pe
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Dollar dips on AI worries, euro edges up despite French unrest
NEW YORK, Oct 20 : The US dollar slipped on Tuesday as doubts over the AI trade resurfaced, while the euro edged up despite traders’ lingering worries about unrest in France.Shares in South Korean AI services firm Elice Group plunged 32 per cent in their Seoul market debut, a sign that negative sentiment towa
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Shares down again as oil stays high; AI earnings in focus
Oct 20 : European shares fell and US stocks were set for a lower opening on Tuesday as another rise in crude oil prices kept risk sentiment in check, while investors homed in on results from AI bellwether companies later this week. The pan-European STOXX 600 slid 0.7 per cent after dropping close to 1…
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Euro steadies as French protests ease; pound and yen firm
LONDON, Oct 20 : The euro steadied on Tuesday as unrest in France eased overnight, though higher bond yields capped gains, and the pound rose after British jobs data showed signs of a recovery in the labour market.The yen also jumped, snapping a two-day decline, after an auction of longer-dated Japanese bonds
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Hasbro raises annual revenue forecast on strong demand for digital games
Oct 20 : Hasbro raised annual revenue forecast on Tuesday, betting on strong demand for its digital games, including “Magic: The Gathering”, ahead of the crucial holiday season.The Play-Doh maker has posted consecutive gains in its digital gaming segment over the past seven quarters, while an increase in sale
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Shares slide again as oil stays high; AI earnings in focus
Oct 20 : European shares fell for the second straight day on Tuesday, as another rise in crude oil prices kept risk sentiment in check, while investor focus honed in on results from key AI bellwether companies later this week. The pan-European STOXX 600 dipped 0.6 per cent after dropping close to 1 per cent
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OVHcloud eyes faster 2027 growth as it posts first positive cash flow since IPO
Oct 20 : French cloud operator OVHcloud reported its first positive levered free cash flow since its 2021 listing on Tuesday, as its revenue grew 7.2 per cent to €1.15 billion ($1.29 billion) in the financial year through August.The milestone means OVHcloud now covers its heavy capital spending from its ow
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Bank of Japan may raise inflation forecast, stand pat on rates, sources say
TOKYO, Oct 20 : The Bank of Japan may raise its inflation outlook for the next fiscal year in forecasts due this month, as rising oil prices exert longer-than-expected price pressures on the economy, four sources familiar with the central bank’s thinking said.Having just raised interest rates last month, the
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Shares stumble, oil rises as investors await AI sector earnings
TOKYO, Oct 20 : Asian stocks retreated broadly on Tuesday while oil prices rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The euro recouped some losses from the previous session that were spurred by escalating riots in France. Crude prices resumed their climb
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OVHcloud meets 2026 targets, posts first positive cash flow since IPO
Oct 20 : French cloud operator OVHcloud said on Tuesday its revenue rose 7.2 per cent to €1.15 billion ($1.29 billion) in the year to August 31, and that it posted its first positive levered free cash flow since its 2021 listing. The milestone means the French group now covers its heavy capital spending fr
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