Tag: fast
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Brent crude holds near five-month high on Middle East tension
Oct 20 : Oil prices advanced on Tuesday, with Brent hovering around a five-month high as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf. Brent crude futures climbed 55 cents, or 0.50 per cent, to $110.10 a barrel by 0319 GMT,
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How safe havens stack up as tech, energy and France fears grip markets
LONDON, Oct 20 : Demand for safe-haven assets is strong as AI jitters hurt tech stocks, the Iran war continues and keeps energy prices elevated, while worries about high government debt loads persist. Yet traditional safe havens have not performed as well as expected this year: Gold sold off after the start o
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Software upgrades eat nearly a third of companies’ IT budgets, survey finds
Oct 20 : Large US and British companies spend 28 per cent of their software budgets on average to pay for vendor-driven upgrades, migration and licensing changes they would not have actively chosen, adding avoidable costs and operational risks in the race to adopt AI solutions, a survey by software maintenance pr
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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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Super-sub Boland delivers for Australia again
GQEBERHA, South Africa, Oct 20 – A test career of cameo appearances and fleeting glories has been Scott Boland’s lot since his explosive Ashes debut five years ago but the pace warrior has rarely let Australia down when given half a chance.In Gqeberha, Boland has delivered again in his first test since Janua
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Vote count begins in Alberta secession referedum, testing Canada unity
EDMONTON, Canada: Vote counting was underway in Canada’s province of Alberta on Monday (Oct 19), as the oil-rich province decides if it wants a binding independence referendum, testing national unity during a crisis in US relations.Prime Minister Mark Carney has in recent days argued Alberta’s vote is being h
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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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Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks
Oct 20 : Oil prices fell on Tuesday as markets weighed an executive order from US President Donald Trump that waived some sanctions and tariffs tied to Russian energy exports, while attacks on Saudi Arabia and Yemen kept fears of Middle East supply disruptions in view.Brent crude futures fell 49 cents, or 0.4
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Exclusive-OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say
NEW YORK, Oct 19 : OpenAI is racing to secure investor commitments before rival Anthropic’s expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over $1.4 trillion, according to two people familiar with the matter.The rapid timetable reflects,
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Nvidia-backed Nscale, Anthropic in talks for new $45 billion AI cloud deal, source says
Oct 19 : Nscale is in talks to sell AI computing power to Claude maker Anthropic in a new deal that could be worth about $45 billion, a person familiar with the matter told Reuters on Monday.The data center developer is seeking another major deal with the AI lab for a second facility at its…
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