Tag: cent
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AI could boost LatAm, Caribbean economy 5.1% but wages may fall, IDB says
NEW YORK, Sept 21 : Broad adoption of artificial intelligence could leave the economy of Latin America and the Caribbean 5.1 per cent larger after a decade, but wages could fall by as much as 20.9 per cent if workers cannot move into jobs expanding with AI, according to forthcoming research from the Inter-American
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AMD joins US$1 trillion club as chipmakers rally on AI-driven demand
Advanced Micro Devices briefly soared past US$1 trillion in market capitalisation for the first time on Monday (Sep 21), joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in AI computing.The company’s shares were last up 9 per cent at US$610, after surging to a
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Hong Kong proposes easier rules for deals, spin-offs
HONG KONG, Sept 21 : Hong Kong Exchanges and Clearing Ltd on Monday proposed easing rules for listed companies making large deals and spin-offs, as the bourse seeks to boost the city’s appeal as a listing venue.Under a consultation paper produced by HKEX, shareholder approval for most major acquisitions, sale
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AMD joins $1 trillion club as chipmakers rally on AI-driven demand
Sept 21 : Advanced Micro Devices briefly soared past $1 trillion in market capitalization for the first time on Monday, joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in AI computing.The company’s shares were last up 9 per cent at $610, after surging to an a
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Stocks gain on AI optimism; lower oil helps bonds
LONDON, Sept 21 : Global stocks rose on Monday, as evidence of booming AI demand lifted tech shares, and oil fell on reports that more supply was leaving the Gulf than previously thought despite the ongoing conflict.The bond market, which last week endured a sixth straight weekly selloff in the face of ris
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Stocks rise on AI optimism; lower oil helps bonds
LONDON, Sept 21 : Global stocks rose on Monday, recovering some poise, as evidence of booming AI demand lifted tech shares and oil retreated on reports that more supply was leaving the Gulf than previously thought despite the ongoing conflict.The bond market, which last week endured a sixth straight weekly
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Tech leads shares higher in Asia as oil slips
SYDNEY, Sept 21 : Share markets edged higher in Asia on Monday as AI’s insatiable demand for data buoyed chipmakers, and oil eased on reports more oil was finding its way out of the Middle East than previously thought despite the ongoing conflict in the Gulf.Trade was thin with Japan on its Silver Week holida
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Tech leads shares higher in Asia, oil eases
SYDNEY, Sept 21 : Share markets edged higher in Asia on Monday as AI’s insatiable demand for data buoyed chipmakers, and oil eased as hopes Saudi Arabia could boost supplies offset news of a Houthi attack on Riyadh.Trade was thin with Japan on its Silver Week holiday through to Wednesday, leaving the dollar s
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Japan August inflation slows ahead of expected rate hike
TOKYO: Inflation in Japan slowed slightly last month, official data showed Friday (Sep 18), hours ahead of a central bank meeting where an interest rate hike is widely expected.Core inflation fell to 1.7 per cent in August from 1.8 per cent but remains close to the 2 per cent target set by the Bank of…
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Bank of Japan set to raise interest rates to 31-year high
TOKYO, Sept 18 : The Bank of Japan is set to raise interest rates to a 31-year high on Friday and pledge to deliver more to counter inflation risks, which may heighten if the start of a U.S. rate-hike cycle weakens the yen against the dollar.The widely expected move would be the first hike in…
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