Tag: cent
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AI reshapes India’s IT services sector contracts as clients demand more for less
BENGALURU, August 21 : Artificial intelligence promised to disrupt India’s IT industry and it is delivering.Outsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging business models, increasingly tying fees to performance outcomes instead of hours worked, as client
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Trading Day: Can’t get no relief
ORLANDO, Florida, Aug 20 : That didn’t last long. U.S. bond yields rose on Thursday, retracing much of the previous day’s decline on Treasury’s surprise buyback announcement and pushing Wall Street to a two-week low. Another rise in oil prices, and a rare sales miss from retail giant Walmart also weighed heavily on
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Crypto shares climb after Treasury’s doubled buybacks boost risk assets
Aug 20 : Cryptocurrency-related stocks surged on Thursday, a day after the U.S. Treasury Department said it would support more long-duration bonds, boosting risk assets, and as U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for digital assets. The Treasury’s move to do
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Dollar hits 3-month low vs euro, pares losses after Treasury move
NEW YORK, Aug 20 : The U.S. dollar fell to a three-month low against the euro on Thursday before paring losses after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields to their highest level since 2007.The Treasury said Wednesday it would double the size of its buyback
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Crypto shares climb after Trump advocates for Clarity Act
Aug 20 : Cryptocurrency- and blockchain-related stocks surged on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for digital assets, following a White House meeting with industry executives.Trump, a vocal cryptocurrency advocate who has promised to make t
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Bitcoin, crypto shares climb after Trump pushes Clarity Act
Aug 20 : Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for the digital asset sector, following a White House meeting with industry executives.Trump, a vocal cryptocurrency advoc
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Gains in AI company stakes juice second-quarter earnings for S&P 500
NEW YORK, Aug 20 : S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies.The S&P 500 is on track for a 52 per cent surge in aggregate second-quarter earnings from the year before, helped by a 74 per cent profit jump in the…
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SK Hynix workers to get 60% of this year’s bonuses in stock rather than all cash
SEOUL, Aug 20 : Chipmaker SK Hynix said on Thursday it has reached a tentative wage deal with its South Korean workers that will see them receive at least 60 per cent of this year’s bonuses in company stock rather than the all-cash payout they received last year.The AI boom has sent SK Hynix’s earnings…
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SK Hynix to pay 60% of employee bonuses in stock under preliminary deal, source says
SEOUL, Aug 20 : South Korean chipmaker SK Hynix has agreed to pay 60 per cent of this year’s employee bonuses in shares and the remaining 40 per cent in cash under a preliminary wage agreement, a person familiar with the matter said.The agreement is being discussed by union delegates, said the person, who was
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Japan’s exports jump 23% to monthly record in July
TOKYO: Japan’s exports hit a monthly record in July, underscoring resilient global demand and offering support to an economy increasingly reliant on overseas shipments to counter weak domestic demand.Total exports by value rose 23.2 per cent year-on-year to a record 11.5 trillion yen (US$72.62 billion) in Jul
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