Japan's Norinchukin books $95 million profit in third quarter
TOKYO, Feb 18 : Japan's Norinchukin Bank on Wednesday reported net profit of 14.6 billion yen ($95 million) for October-December, compared with a loss of 520.5 billion yen over the same period the previous year.That marked the unlisted bank's third consecutive quarter of profit. It follow ...
JPMorgan aims to open over 160 branches in 2026: report
The lender says that the push is part of a commitment in 2024 to open more than 500 branches within three years
Infineon CEO flags growth prospects for humanoid robot chips
FRANKFURT, Feb 18 : The CEO of Infineon Technologies told daily Handelsblatt that the German semiconductor maker is well-positioned to benefit from a future boom in the market for microchips used in humanoid robots."This could become a growth market like the one today for high-performance semi ...
ECB President Christine Lagarde expected to leave bank before term expires next year: report
The FT report comes only a week after Bank of France governor Francois Villeroy de Galhau said that he would step down...
Western Digital to sell partial stake in Sandisk for $3.17 billion to cut debt
Feb 18 : Western Digital is planning to raise $3.17 billion by selling a part of its stake in flash memory unit Sandisk, which it used to own, as the hard disk drive maker looks to reduce debt.The secondary share sale, announced by Sandisk on Wednesday, is priced at a 7.7 per cent discount to the co ...
Western Digital to sell partial Sandisk stake for $3.17 billion to cut debt
Feb 18 : Hard disk drive maker Western Digital plans to raise $3.17 billion by selling some of its stake in former unit Sandisk through a secondary share sale at a 7.7 per cent discount to its last close, the flash drive maker said on Wednesday.Western Digital is expected to swap the 5.8 million sha ...
Western Digital to sell $3.17 billion stake in Sandisk
Feb 18 : Flash memory maker Sandisk on Wednesday said that Western Digital will sell a stake worth $3.17 billion in the company.Western Digital, which makes hard disk drives, will sell over 5.8 million shares of Sandisk at $545 each, Sandisk said.The offering is at a discount of about 7.7 per cent t ...
Microsoft says it is on pace to invest $50 billion in 'Global South' AI push
Feb 18 : Microsoft on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI to countries across the 'Global South'.The announcement was made at the AI summit in New Delhi, where top executives from global AI giants meet several world leaders this wee ...
Morning Bid: Geneva talks, inflation in spotlight amid Lunar New Year lull
A look at the day ahead in European and global markets from Rocky SwiftGeopolitical tensions and signs of cooling in the red-hot tech sector remain on investors' minds, taming price action on stocks, currencies, and commodities.Asian shares crept higher, following slight gains on Wall Street, a ...
Billionaire Henry Cheng’s units agree settlement with Hong Kong regulator
The SFC says that the settlement is in the public interest and underscored the need to comply with takeover rules
Nvidia sells off stake in Arm, a company it once tried to buy
The world’s most valuable company has become a major investor across the technology industry
Nevada sues to block Kalshi from operating prediction market in state
Feb 17 : Nevada gaming regulators filed a lawsuit on Tuesday seeking to block prediction market operator Kalshi from offering events contracts that would allow its residents to bet on sports including football and basketball games.The Nevada Gaming Control Board filed the lawsuit as part of an escal ...
India's AI push gets US$2 billion boost from Yotta's Nvidia investment
NEW DELHI: India's Yotta Data Services will spend over US$2 billion on Nvidia’s latest chips to set up an artificial intelligence computing hub as it prepares to float its shares, it said on Wednesday (Feb 18), delivering a boost to the country's fledgling AI drive.Yotta is aiming to rai ...
Indian data center firm Yotta to build $2 billion AI hub with Nvidia's Blackwell chips
Indian data centre company Yotta Data Services said on Wednesday (Feb 18) it will build one of Asia's largest AI computing hubs using Nvidia's latest Blackwell Ultra chips, in a project costing more than US$2 billion.The project includes a four-year engagement worth over US$1 billion under ...
Santos to cut 10% jobs as growth projects near end, annual profit misses estimates
The gas producer did not provide any further details on the cuts
New Zealand holds key rate, sees policy staying accommodative
The RBNZ’s new forecasts indicate some chance of a quarter-point hike later this year
Buffett cuts Amazon stake, makes bet on New York Times
Berkshire now owns roughly 2.3 million shares of the online retail giant
Gold rises on dip-buying after more than 2% drop
A stronger US dollar makes greenback-priced bullion more expensive for other currency holders
Tesla avoids suspension by California regulator after corrective marketing changes
Feb 17 : Tesla will avoid a 30-day suspension of its dealer and manufacturer licenses in California after the U.S. electric vehicle maker stopped using the term "autopilot" in marketing of its vehicles in the state, a regulator said on Tuesday.The reprieve from the California Department o ...
Oil gains as traders weigh progress in Russia-Ukraine and US-Iran talks
LONDON, Feb 18 : Oil prices gained over 1 per cent on Wednesday after falling in the previous session as investors assessed developments in Russia-Ukraine and U.S.–Iran talks.Brent crude oil futures rose 78 cents or 1.2 per cent to $68.20 a barrel by 1052 GMT, while U.S. West Texas Intermediate (W ...
Oil edges higher as traders weigh progress in US-Iran talks
LONDON, Feb 18 : Oil prices edged higher on Wednesday after falling about 2 per cent in the previous session as investors assessed progress in U.S.–Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns.Brent crude oil futures rose 26 cents or 0.4 per ...
Oil trims losses as traders weigh progress in US–Iran talks
NEW DELHI, Feb 18 : Oil prices steadied in Asian trade on Wednesday after falling about 2 per cent in the previous session as investors assessed progress in U.S.–Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns.Brent futures rose 23 cents or 0.34 ...
Oil prices lose ground on hopes of de-escalation in US-Iran tensions
TOKYO, Feb 18 : Oil prices fell slightly on Wednesday as talks between the United States and Iran progressed, raising hopes for a de-escalation of bilateral tensions and lowering risks of supply disruptions from the Middle Eastern oil producer. Brent futures dropped 3 cents or 0.04 per cent to $67.3 ...
YouTube down for more than 240,000 users in the US, Downdetector shows
Feb 17 : Alphabet-owned YouTube was down for more than 240,000 users in the United States on Tuesday, according to outage tracking website Downdetector.com.There were 240,707 incidents of people reporting issues with the social media platform as of around 7.59 p.m. ET, according to Downdetector, whi ...
YouTube down for users in the US, Southeast Asia
Alphabet-owned YouTube was down for more than 320,000 users in the United States on Tuesday (Feb 17), according to outage tracking website Downdetector.com. There were 321,958 incidents of people reporting issues with the social media platform, as of 8.18pm (9.18am Singapore time), according to Dow ...
IMF urges Japan to keep raising rates, avoid reducing sales tax
With inflation exceeding its 2% target for nearly four years, the BOJ has signalled its readiness to keep hiking rates
California builds AI oversight unit and presses on xAI investigation
SAN FRANCISCO, Feb 17 : California Attorney General Rob Bonta is building an artificial intelligence accountability program as his office probes Elon Musk’s xAI over the generation of non-consensual sexually explicit images, he told Reuters in an interview on Tuesday.The California Attorney Genera ...
Private software companies release earnings early to calm AI nerves
The software industry has faced a seismic shift as the rapid advance of AI threatens to turn swaths of corporate debt into...
US agencies have developed critical minerals price floor system
It’s the latest update to progress being made by the US and its allies to ringfence Western companies from China’s pressure on...
Euro dips on reports ECB chief to leave, kiwi slumps as RBNZ takes easy stance
LONDON, Feb 18 : The euro dipped slightly on Wednesday after a report that European Central Bank President Christine Lagarde planned to leave her role early, while the dollar was higher before the minutes from the Federal Reserve's January meeting.The kiwi dollar slumped after the Reserve Bank ...
Dollar firm as focus turns to peace talks; Kiwi hit by RBNZ's easy stance
TOKYO, Feb 18 : The dollar held its ground on Wednesday as geopolitical risks kept markets on edge and investors awaited minutes from the Federal Reserve for signals on future rate cuts.The yen was steady after data showing a rebound in Japanese manufacturer sentiment and President Donald Trump anno ...
Dollar holds gains as markets focus on peace talks, Fed minutes
TOKYO, Feb 18 : The dollar held its ground on Wednesday as geopolitical risks kept markets on edge and investors awaited minutes from the Federal Reserve for signals on future rate cuts.The yen was steady after data showing a rebound in Japanese manufacturer sentiment and President Donald Trump anno ...
National Australia Bank’s shares hit record high on robust first-quarter cash profit
Australia’s top business lender has posted cash earnings of A$2 billion for the quarter ended Dec 31
IMF says yen's value determined by market forces
TOKYO, Feb 18 : The International Monetary Fund does not have a view on the appropriate level of the yen as the currency's value is determined by market forces, Rahul Anand, its mission chief for Japan, said on Wednesday."With (Japan's) open economy and open capital account, the yen h ...
