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Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Euro hits one-week high ahead of German inflation data
Euro hits one-week high ahead of German inflation data
Oct 30, 2024
Euro rose in European trade on Wednesday on track for the third profit in a row against the US dollar, hitting a week high after data showed Spanish inflation rose past estimates in October, renewing the pressure on the European Central Bank. The odds of a 0.25% ECB interest rate cut in December dipped, with investors now waiting for official...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...
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Apple to completely switch to OLED for iPhone display from 2025, Nikkei says
Apple to completely switch to OLED for iPhone display from 2025, Nikkei says
Sep 3, 2024
TOKYO, Sept 3 (Reuters) - Apple ( AAPL ) will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and afterwards, moving completely away from liquid crystal displays (LCDs), Nikkei business daily said. The planned move will exclude Japan's Sharp Corp ( SHCAF ) and Japan Display ( JNNDF ) from Apple's ( AAPL ) handset...
Apple to switch to OLED displays for all upcoming iPhones from 2025, Nikkei reports
Apple to switch to OLED displays for all upcoming iPhones from 2025, Nikkei reports
Sep 3, 2024
TOKYO, Sept 3 (Reuters) - Apple ( AAPL ) will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs), Japan's Nikkei newspaper reported on Tuesday, citing unnamed sources. Television and smartphone makers are adopting OLED displays over LCDs for the former's ability to deliver more vivid...
SenseTime Feels Revenue Growth Return On Shift To Generative AI
SenseTime Feels Revenue Growth Return On Shift To Generative AI
Sep 3, 2024
The release of OpenAI's ChatGPT in late 2022 sparked a global revolution in artificial intelligence (AI). Overnight, the term AI became synonymous with the generative form of the technology, representing a sudden shift away from the previous focus on computer vision, an area where China had been leading. With that shift, SenseTime ( SNTMF ) (OTC:SNTMF), once hailed as one of China's...
Beyond The Numbers: 4 Analysts Discuss Credo Technology Group Stock
Beyond The Numbers: 4 Analysts Discuss Credo Technology Group Stock
Sep 3, 2024
Ratings for Credo Technology Group ( CRDO ) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0...
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Airbus posts lower deliveries, wins bumper order from private customer
Airbus posts lower deliveries, wins bumper order from private customer
Sep 6, 2024
PARIS (Reuters) - Airbus deliveries fell in August after a sharp spike in the previous month, the European planemaker said on Friday, a decline which analysts said leaves it with the task of achieving solid year-on-year growth to meet an annual target. The planemaker said it had delivered 47 aircraft, down from 77 in July, to reach 447 so far...
Market Chatter: Blackstone, Vista in Discussions to Acquire Smartsheet
Market Chatter: Blackstone, Vista in Discussions to Acquire Smartsheet
Sep 6, 2024
05:12 AM EDT, 09/06/2024 (MT Newswires) -- Blackstone (BX) and Vista Equity Partners are part of a private equity consortium that is in discussions to acquire Smartsheet ( SMAR ) , Reuters reported Thursday citing people familiar with the matter. Although the terms of the potential offer were not disclosed, a deal may be signed in the coming weeks, anonymous...
Analysis-VW factory threat stress-tests Germany's economic model
Analysis-VW factory threat stress-tests Germany's economic model
Sep 6, 2024
BERLIN (Reuters) - Having lost cheap energy from Russia and facing uncertainty over its once-lucrative trade ties with China, big German business is now facing a crunch point over a third ingredient in its long-time formula for success - consensual industrial relations. Together, Germany's industry leaders, trade unions and politicians for decades sought and found agreement over production and labour...
Star Entertainment to sell leasehold interest in casino building for $45 million
Star Entertainment to sell leasehold interest in casino building for $45 million
Sep 6, 2024
(Reuters) - Star Entertainment said on Friday its unit will sell its leasehold interest in the Treasury Brisbane Casino building in Queensland for A$67.5 million ($45.5 million). The casino operator added that the sale was subject to conditions including consent from the government and a new lease in a suitable form being granted. ($1 = 1.4852 Australian dollars) ...
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