Tag: cent
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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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Asian shares tumble, oil rises as markets await AI sector results
TOKYO, Oct 20 : Asian stocks retreated broadly on Tuesday while oil rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The dollar held firm against the euro as riots in France fuelled demand for safe-haven assets. Crude prices resumed their climb as markets weighe
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South Korea central bank to hold rates on October 22, hike in November: Reuters poll
BENGALURU, Oct 20 : The Bank of Korea will keep its key policy rate unchanged on Thursday after two consecutive increases but is expected to raise borrowing costs once more next month, a Reuters poll of economists found, as inflation remains above target and growth remains firm.Consumer inflation eased to 2.9
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AI stocks bounce back after bruising selloff, CoreWeave gets Goldman upgrade
Oct 19 : AI-linked stocks bounced back on Monday from a bruising selloff last week as yields on government bonds dropped and crude oil prices eased, while CoreWeave gained following a rating upgrade.Its shares were up 2.4 per cent in choppy trading after losing a quarter of their value last week as the neoclo
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AI stocks bounce back after bruising selloff; CoreWeave jumps on Goldman upgrade
Oct 19 : AI-linked stocks bounced back on Monday after a bruising selloff last week, as lower Treasury yields and easing crude oil prices offered some relief, while neocloud firm CoreWeave surged following a rating upgrade.CoreWeave jumped 3.4 per cent after losing more than a quarter of its value last week,
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US chip stocks rise after steepest weekly selloff in months
Oct 19 : US chip stocks recovered some ground on Monday, bouncing after a bruising selloff last week as lower Treasury yields and easing crude oil prices offered some support to the recently battered AI trade. The iShares Semiconductor ETF, which is the largest ETF tracking US chip-related companies in terms
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India’s L&T Technology expects robust second half as deals ramp up; quarterly revenue rises
Oct 19 : India’s L&T Technology Services expects a robust second half of fiscal year 2027 on improving order backlogs and several large deals, as it reported a jump in second-quarter revenue on Monday.The company’s strong showing in the three months ended September 30 was on the back of executing large deals
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Asian stocks slip, Wall St and bonds benefit from oil dip
SYDNEY: Asian share markets mostly slipped on Monday (Oct 19) as unease over AI’s enormous funding needs undermined confidence ahead of a week packed with earnings, while Chinese economic data pipped forecasts in a positive for world growth.A fall in oil prices offered some support to bonds and Wall Street st
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Asian stocks slip, Wall St and bonds benefit from oil skid
SYDNEY: Asian share markets slipped on Monday (Oct 19) as unease over AI’s enormous funding needs undermined confidence ahead of a week packed with earnings, while Chinese economic data pipped forecasts in a positive for world growth.A fall in oil prices offered some support to bonds and Wall Street stock fut
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Asian stocks skid, Wall Street and bonds aided by oil slip
SYDNEY, Oct 19 : Asian share markets slipped on Monday as unease over AI’s enormous funding needs undermined confidence ahead of a week packed with earnings, while the euro eased in the wake of rioting across France.A fall in oil prices offered some support to bonds and Wall Street stock futures, limiting Asi
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