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PM Narendra Modi meets Foxconn Chairman, discusses investments in `futuristic sectors`  Prime Minister Narendra Modi on Wednesday met Young Liu, Chief Executive Officer and Chairman of Hon Hai Technology Group (known as Foxconn) and discussed several opportunities in “futuristic sectors” like artificial intelligence (AI), semiconductors, local electronics manufacturing and more.  A key Apple supplier, Taiwanese technology giant Foxconn leads the total iPhone exports from the country, at about 65 per cent, from its factory in the country. “Wonde...
PM Narendra Modi meets Foxconn Chairman, discusses investments in `futuristic sectors`
PM Narendra Modi meets Foxconn Chairman, discusses investments in `futuristic sectors`
Source: IANS
2024-08-14 06:10:39 pm
Nvidia hits $3 trillion market cap, surpasses Apple on AI boom Al chipmaker Nvidia has surpassed technology giant Apple to become the world's second most valuable company, just behind Microsoft. Nvidia's market cap crossed $3 trillion for the first time due to the AI boom.   Nvidia's shares rose by 5.16 per cent in the last trading session and the company's market cap has reached $3.01 trillion. Apple's shares have increased by 0.78 per cent and its market cap is $3 trillion. Nvidia's stock continues to rise due to i...
Nvidia hits $3 trillion market cap, surpasses Apple on AI boom
Nvidia hits $3 trillion market cap, surpasses Apple on AI boom
Source: IANS
2024-06-06 02:19:55 pm
Asia stocks rally on renewed global rate cut optimism Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data. Sterling was steady at $1.2515, having touched over two-week low of $1.2446 on Thursday after Bank of England (BoE) paved the way for the start of rate cuts as soon as next month. MSCI's broadest index of Asia-Pacific shares outside Ja...
Asia stocks rally on renewed global rate cut optimism
Asia stocks rally on renewed global rate cut optimism
Source: Reuters
2024-05-10 08:42:21 am
Asian shares fall on global rate scare, yen plumbs 34-yr low Asian shares tracked Wall Street lower on Thursday as sticky U.S. inflation forced markets to slash bets on how much Federal Reserve easing might come this year, a result that sent the dollar flying to a 34-year high against the beleaguered yen. U.S. stock futures lost another 0.2% after Wall Street slid around 1% overnight, while regional bonds took a kicking following a 20-basis-point jump in Treasury yields overnight to their highest since November. MSCI's broadest index of Asia-...
Asian shares fall on global rate scare, yen plumbs 34-yr low
Asian shares fall on global rate scare, yen plumbs 34-yr low
Source: Reuters
2024-04-11 08:44:41 am
Manufacturing sentiment rises on positive chip, cosmetics outlooks in South Korea South Korea's business outlook for the second quarter reached an 11-quarter high thanks to positive outlooks surrounding semiconductors and cosmetic products, a poll showed on Sunday. A survey of 2,230 manufacturing firms nationwide put the business sentiment index (BSI) at 99 for the April-June period, up 16 points from the current quarter, the Korea Chamber of Commerce and Industry (KCCI) said. It marked the index's highest point since the third quarter of 2021, when it was re...
Manufacturing sentiment rises on positive chip, cosmetics outlooks in South Korea
Manufacturing sentiment rises on positive chip, cosmetics outlooks in South Korea
Source: IANS
2024-04-01 09:47:28 am
Asia shares flat, dollar restrained by Japan caution Asian shares dithered on Monday as investors worried U.S. inflation data this week could derail the outlook for lower interest rates, while the risk of currency intervention from Japan stalled the yen's decline for the moment. China's central bank also engineered a rally in the yuan after setting a firmer fix for the currency, nudging the dollar lower more broadly. The main data event of the week will be U.S. core personal consumption expenditure (PCE) price index on Friday whic...
Asia shares flat, dollar restrained by Japan caution
Asia shares flat, dollar restrained by Japan caution
Source: Reuters
2024-03-25 09:32:43 am
ACES to provide mobile infra services on underground Mumbai Metro 3 line The ACES India Pvt Ltd, a subsidiary of ACES Saudi Arabia, will provide mobile infrastructure services on the upcoming Mumbai Metro 3 line, the city’s first fully underground corridors, top officials said here on Tuesday. A contract was inked between Mumbai Metro Rail Corporation and ACES at the LEAD-2024, ‘A Digital DAVOS’ event held in Saudi Arabia on March 4, said MMRCL Managing Director Ashwini Bhide. As per the contract for 12 years, the ACES will provide mobile i...
ACES to provide mobile infra services on underground Mumbai Metro 3 line
ACES to provide mobile infra services on underground Mumbai Metro 3 line
Source: IANS
2024-03-06 09:31:21 am
Stocks slide, dollar gains on rates outlook jitters Asian shares dropped to a one-month low, U.S. stock futures fell and the dollar rose on Tuesday as hawkish remarks from central bankers tempered expectations for interest rate cuts and traders waited to hear from the Fed's influential Christopher Waller. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% to its lowest since mid-December. Japan's Nikkei looked set to snap a sharp six-session winning streak with a 0.7% dip away from Monday's 34-year high. U...
Stocks slide, dollar gains on rates outlook jitters
Stocks slide, dollar gains on rates outlook jitters
Source: Reuters
2024-01-16 08:52:28 am
Global shares, yields slip on clouded soft-landing outlook The dollar rebounded further from last year's sell-off and global stock markets extended a New Year slide on Wednesday as doubts about the chances of a soft landing mounted even as the Federal Reserve almost declared victory in taming inflation. Policymakers appeared increasingly convinced last month that inflation was coming under control, but they expressed growing concern about "overly restrictive" monetary policy, minutes from the Fed's Dec. 12-13 meeting show. Ric...
Global shares, yields slip on clouded soft-landing outlook
Global shares, yields slip on clouded soft-landing outlook
Source: Reuters
2024-01-04 08:58:25 am
Shares hold gains as rate cuts eyed for New Year World shares edged up on Thursday as expectations of interest rate cuts stretched a rally in U.S. stocks, while benchmark Treasury yields and the dollar lifted slightly from five-month lows. On Wall Street, the Dow Jones Industrial Average rose 0.14%, while the Nasdaq Composite and the S&P 500 were little changed. The S&P index has climbed 11.6% this quarter and closed within a whisker of its all-time closing peak, while its price-to-earnings ratio is up by a quarter on the year at...
Shares hold gains as rate cuts eyed for New Year
Shares hold gains as rate cuts eyed for New Year
Source: Reuters
2023-12-29 09:05:09 am
Global shares up with Treasury yields, oil rallies on supply worries MSCI's global equity index advanced slightly, oil prices rallied on supply concerns and U.S. Treasury yields rose on Monday as investors digested mixed messages from the Federal Reserve about the prospects for 2024 interest rate cuts. Oil prices climbed after Iranian-backed Houthi militants stepped up attacks on vessels in the Red Sea, raising concerns about supply disruptions. Chicago Federal Reserve President Austan Goolsbee on Monday pushed back against market bets on interest ra...
Global shares up with Treasury yields, oil rallies on supply worries
Global shares up with Treasury yields, oil rallies on supply worries
Source: Reuters
2023-12-19 09:18:39 am