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Gold ticks up ahead of Fed rate decision
July 29 : Gold edged higher on Wednesday, supported by a weaker dollar, as investors awaited the U.S. Federal Reserve’s policy decision and comments from Fed Chairman Kevin Warsh for clues on the inflation and interest rate outlook.Spot gold inched 0.3 per cent higher to $4,040.63 per ounce by 0656 GMT. U.S.
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StanChart lifts income target after wealth boom powers earnings beat; shares jump
HONG KONG/LONDON, July 29 : Standard Chartered reported on Wednesday a better-than-expected 9 per cent rise in first-half pretax profit and lifted its full-year income target, as wealth and global banking revenue surged and credit charges tied to the Iran war held steady.The bank’s Hong Kong-traded shares ros
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Gold holds steady ahead of Fed’s rate decision
July 29 : Gold prices were largely steady on Wednesday as investors awaited the U.S. Federal Reserve’s policy decision and comments from Fed Chairman Kevin Warsh for clues on inflation and interest rate outlooks.Spot gold was little changed at $4,029.08 per ounce by 0301 GMT. U.S. gold futures for August deli
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SK hynix posts 1,200% net profit boost on AI chip boom
SEOUL: South Korea’s SK hynix said on Wednesday (Jul 29) that second-quarter net profit soared a whopping 1,242 per cent year-on-year, driven by the artificial intelligence industry’s explosive demand for its advanced memory chips.SK hynix is a specialist supplier of high-bandwidth memory chips to US industry
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Gold edges lower ahead of Fed decision on interest rates
July 29 : Gold prices inched lower on Wednesday as the dollar held firm and market participants awaited the Federal Reserve’s policy decision for clues on inflation and the path of U.S. interest rates.FUNDAMENTALS* Spot gold fell 0.1 per cent to $4,021.87 per ounce by 0052 GMT. U.S. gold futures for Au
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Netflix edges BBC as first choice for UK viewers, Ofcom report shows
LONDON, July 29 : Netflix has edged ahead of the BBC as Britons’ first choice when deciding what to watch on television, media regulator Ofcom said on Wednesday, with 26 per cent of viewers turning first to the U.S. streaming service compared with 25 per cent for the BBC.Here are details from Ofcom’s annual M
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Xylem raises annual profit forecast as AI growth lifts demand for water-treatment equipment
July 28 : Xylem on Tuesday raised its 2026 profit forecast after its second-quarter results beat Wall Street estimates, as cost savings and price increases boosted profitability amid strengthening AI infrastructure demand.Shares of the company rose more than 2 per cent in premarket trading.• The wate
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Hedge funds on track for another stellar year on AI boom
NEW YORK, July 28 : Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half performance for money managers across most investment strategies, according to a Goldman Sachs note sent to clients that was seen b
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S&P Global profit jumps, strikes datacenterHawk, Agusto deals
July 28 : S&P Global reported a stronger second-quarter profit on Tuesday, as clients sought its ratings, indices, market intelligence and analytics products amid heightened geopolitical uncertainty.The financial information company also announced deals to buy data center intelligence provider datacenterHawk
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Visa to lay off 7% of staff as efficiency push deepens
July 28 : Visa plans to cut 7 per cent of its workforce, or about 2,600 jobs, a company spokesperson said on Tuesday, about six months after a similar step by its closest peer as the payments processor seeks to become more efficient. The job cuts will primarily affect technology and product teams. “To
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