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Nvidia ignites chip stock rally as forecast shows AI boom is intact
Aug 27 : Nvidia ignited a chip-stock rally on Thursday with a rare long-term revenue projection that did what its recent quarterly beats could not — ease investor fears that the AI boom is fading.Shares of the chipmaker jumped 6.8 per cent, putting the chipmaker on track to add about $295.7 billion in marke
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World stocks steady as Nvidia boost tempers Jackson Hole caution
MILAN, Aug 27 : Stocks steadied on Thursday as Nvidia’s bullish outlook boosted tech shares, though caution ahead of Fed Chair Kevin Warsh’s Jackson Hole speech on Friday and uncertainty over the Strait of Hormuz checked appetite for risk.Technology stocks rallied 1.8 per cent in Europe and were among the few
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Dollar recoups some losses as focus shifts to Fed remarks at Jackson Hole
Aug 27 : The U.S. dollar showed signs of recovering some of last week’s losses on Thursday as investors awaited signals on the Federal Reserve’s policy path at the Jackson Hole symposium, following data that showed inflation remained stickier than economists had anticipated.Data in the previous session showed
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French telco Iliad’s core profit rises 2% on Italy strength
Aug 27 : French telecom operator Iliad posted a 2.2 per cent rise in its half-year core profit on Thursday, buoyed by strong performance in Italy.The company’s earnings before interest, taxes, depreciation and amortization and after leases, or EBITDAaL, were €2 billion ($2.3 billion) in the first half of 2
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Nvidia rises after signaling longer AI spending runway
Aug 27 : Nvidia shares rose about 6 per cent before the bell on Thursday as investors embraced the chipmaker’s strong long-term outlook, betting that a global race to build AI infrastructure will fuel years of rapid growth despite concerns about supply bottlenecks and financial ties with customers.The world’s
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Iliad’s half-year core profit rises 2% on Italy strength
Aug 27 : French telecom operator Iliad posted a 2.2 per cent rise in its half-year core profit on Thursday, buoyed by strong performance in Italy.The company’s earnings before interest, taxes, depreciation and amortization and after leases, or EBITDAaL, was €2 billion ($2.3 billion) in the first half of 202
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Dollar steady before Jackson Hole, yen unmoved by BOJ Himino’s remarks
TOKYO, Aug 27 : The U.S. dollar traded in a narrow range on Thursday ahead of the Jackson Hole symposium, while the yen held steady after a Bank of Japan policymaker did not rule out a rate hike next month but stopped short of explicitly signalling one.The euro was up 0.05 per cent against the…
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BOJ deputy chief calls for timely rate hike, focus on inflation risk
URAWA, Japan, Aug 27 : Bank of Japan Deputy Governor Ryozo Himino on Thursday stressed the need for timely interest rate hikes with a focus on the risk of an inflation overshoot, reinforcing dominant market expectations for a near-term increase in borrowing costs.But he refrained from giving explicit signals
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Dollar steady before Jackson Hole, yen little changed after BOJ’s Himino speech
TOKYO, Aug 27 : The U.S. dollar traded in a narrow range on Thursday ahead of the Jackson Hole symposium, while the yen held steady after a Bank of Japan policymaker did not rule out a rate hike next month but stopped short of explicitly signalling one.The euro was up 0.07 per cent against the…
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BOK delivers back-to-back rate hikes, signals gradual tightening ahead
SEOUL, Aug 27 : The Bank of Korea on Thursday raised its benchmark interest rate by a quarter percentage point to 3.00 per cent, delivering a second straight increase as inflation stays above target and financial stability risks persist.Following the decision, Governor Shin Hyun Song signaled that the bank wo
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