Tag: cent
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Japan’s Daiichi Life unit tables offer to take over Australia’s Challenger
Oct 19 : A unit of Japan’s Daiichi Life has made an indicative proposal to buy more than 79 per cent of shares in Australian investment manager Challenger it does not already own, Challenger said on Monday.Shares of the Australian firm jumped over 15 per cent to A$11.33 by 2305 GMT, hitting their highest leve
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Stocks slip as dollar heads for weekly loss
NEW YORK/PARIS, Oct 16 : Global stocks fell modestly on Friday as markets stabilised after a sharp tech-led selloff, while the dollar headed for a weekly loss.Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in�
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Stocks edge lower as dollar heads for weekly loss
NEW YORK/PARIS, Oct 16 : Global stocks edged lower on Friday as markets stabilised after a sharp tech-led selloff, while the dollar headed for a weekly loss.Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in t
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European stocks rise, dollar set for weekly loss after yields drop
PARIS, Oct 16 : European stocks rose on Friday as markets stabilised after a sharp tech-led selloff, while the dollar headed for a weekly loss.Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in technology and
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As AI rally wobbles, stock market’s spotlight turns to earnings
NEW YORK, Oct 16 : Stumbles in the market-leading AI trade are set to test investor confidence in the rally in the coming week as Wall Street focuses on quarterly results due from key players including Meta Platforms.AI-linked stocks, central to the bull market that just marked its four-year anniversary, str
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CoreWeave bond rout tests market’s math on AI buildout
PROVIDENCE, Rhode Island/NEW YORK, Oct 16 : A sharp decline in CoreWeave’s bonds this week is emerging as a test of investors’ willingness to keep financing the massive buildout of AI infrastructure, as rising borrowing costs and scrutiny of debt-funded expansion hit the sector.Analysts and portfolio managers
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Dollar heads for weekly fall as investors gauge AI selloff impact
Oct 16 : The US dollar was set for its first weekly fall in more than a month against the euro and the yen, as investors turned their focus to the US rate outlook while concerns about an escalation of the Iran conflict faded.AI stocks have cratered this week and the stress has spread to…
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Money transfer firm Wise raises revenue growth outlook as cross-border volumes jump
Oct 16 : Money transfer firm Wise said on Thursday it expects full-year revenue growth to come in at the upper end of its target range after strong customer growth and higher cross-border transaction volumes boosted second-quarter revenue. • Wise now expects fiscal 2027 net revenue growth near the upper
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Malaysia’s economy grows 5.3% on year in Q3, official advance estimate shows
KUALA LUMPUR: Malaysia’s economy grew 5.3 per cent from a year earlier in the third quarter, slowing from the previous three-month period, official advance estimates showed on Friday (Oct 16).In the second quarter, gross domestic product expanded 6 per cent.During the July to September period, growth w
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Global tech rout loses steam
ORLANDO, Florida, Oct 15 : The AI equity rout accelerated significantly in Asia on Thursday on growing fears about the murky, circular financing powering the intelligence revolution’s buildout, although its force evaporated in European and US trading hours. Still, safe-haven inflows meant US Treasuries had one of th
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