Tag: cent
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European shares dip as HSBC results weigh on banks ahead of Big Tech earnings
Oct 27 : European shares slipped on Tuesday, dragged down by banking stocks, after disappointing results from HSBC, while investors also turned cautious ahead of US tech earnings, seen as a key test of the AI trade, and central bank meetings that could shape near-term interest-rate outlook.The STOXX 600 banki
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Big Tech earnings a test of the AI boom amid market turmoil
Oct 27 : Wall Street expects Amazon, Microsoft and Alphabet to report on Wednesday faster growth in their cloud businesses, but a turbulent market selloff and concerns over rising costs of AI financing are tempering optimism.Investors are pressing for evidence that the AI boom can deliver swift returns to jus
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Oil rises slightly as diplomacy hopes counter renewed Houthi attacks
NEW DELHI, Oct 27 : Oil prices turned positive on Tuesday after a fall of about 1 per cent, earlier in the session, as the chance of talks in Tehran eased fears of a broader Middle East supply shock, while renewed Houthi attacks on Saudi Arabia highlighted persistent risks.Brent crude futures was up 40 cents,
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Thailand’s September car production drops 6.08% on year
BANGKOK, Oct 27 : Car production in Thailand dropped 6.08 per cent in September from a year earlier to 120,319 units, the Federation of Thai Industries said on Tuesday.• The reading followed a rise of 10.93 per cent in August• Thailand is Southeast Asia’s biggest auto production centre It is an e
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Japan’s trend inflation index hits 3-year high, cements case for BOJ rate hike
TOKYO, Oct 27 : Japan’s core consumer price index, which strips out one-off factors, rose in September at the fastest annual pace in three years, data showed on Tuesday, a sign of broadening price pressures that cement the case for further interest rate hikes.The data comes ahead of the Bank of Japan’s two-da
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World’s climate pledges would cut emissions a tenth of what’s needed: UN
WASHINGTON: The latest climate pledges put forth by nations will cut global greenhouse gas emissions just six per cent by 2035, a UN report said on Tuesday (Oct 27), weeks before COP31 talks in Türkiye.That is a tenth of the roughly 60 per cent reduction from 2019 levels that scientists say is needed to limi
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Oil slips 1% as Iran diplomacy eases supply fears
NEW DELHI, Oct 27 : Oil prices edged lower on Tuesday, falling about 1 per cent as prospects for a resolution of the US-Israeli war on Iran kept supply fears at bay with talks in Tehran, despite renewed Houthi attacks on Saudi Arabia.Brent crude futures were down $1, or 0.86 per cent, at $114.81 a…
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HSBC quarterly profit jumps but shares slide after flat revenue for wealth business
HONG KONG/LONDON, Oct 27 : HSBC’s third-quarter profit surged 32 per cent as it benefited from favourable interest rates while avoiding hefty credit losses, but a marked slowdown at its wealth business underscored the challenge of sustaining its recent strong performance.The bank’s Hong Kong-listed shares dro
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China’s industrial profit growth picks up amid deepening economic divergence
BEIJING: China’s industrial profits grew at a faster pace in September, though a deepening divergence across the economy weighed on business earnings.Profits at industrial firms rose 14.4 per cent from a year earlier last month, quickening from a 4.2 per cent increase in August, data from the National Bureau
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JYP Entertainment soars 10% on reports of tender offer plan to buy up to half of firm
SEOUL, Oct 27 : South Korean pop music agency JYP Entertainment’s shares jumped 10 per cent on Tuesday after Korean media reported Japan’s Nexroc Group and related firm SVCV Inc were planning to announce a tender offer to buy up to a 50 per cent stake in the company.The 50 per cent stake is worth…
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