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GBP/JPY rebounds to mid-198.00s as JPY weakens on political uncertainty and risk-on mood
The GBP/JPY pair gains strong positive traction on Friday and now seems to have snapped a four-day losing streak to a nearly one-month low, around the 197.50-197.45 region, touched the previous day.
Fxstreet
Fri, Oct 3
Asian stocks poised for weekly gains on rate cut wagers, AI fervour
SINGAPORE, Oct 3 (Reuters) - Asian stocks were set for solid weekly gains on Friday as rising odds of the Federal Reserve cutting rates in the near-term helped cushion jitters around a U.S. government shutdown that have pushed gold to record highs and weighed on the dollar.Reuters
Fri, Oct 3
OpenAI dismisses Elon Musk’s lawsuit as “harassment tactic”
Artificial intelligence company OpenAI has pushed back at xAI CEO Musk’s recent lawsuit, calling it part of an “ongoing harassment campaign” to undermine its operations. The ChatGPT maker released a statement with emails, X posts, court filings, and opinionated articles to shun Elon Musk’s legal chCryptopolitan
Fri, Oct 3
California's solar and battery combo packs a transformational punch: Maguire
By Gavin MaguireLITTLETON, Colorado, Oct 3 (Reuters) - Although overshadowed so far by booming data center demand and the U.S. government's gutting of clean energy policies, California's rapid scaling of solar farms and battery systems may yet emerge as 2025's most significant power sto...Reuters
Fri, Oct 3
Apple removes ICE tracking apps after pressure by Trump administration
WASHINGTON, Oct 2 (Reuters) - Apple AAPL.O said on Thursday that it had removed ICEBlock, the most popular ICE-tracking app, and other similar apps from its App Store after it was contacted by President Donald Trump's administration.Reuters
Fri, Oct 3
Australian Dollar holds gains following PMI data release
The Australian Dollar (AUD) holds ground against the US Dollar (USD) on Friday after registering losses in the previous session. The AUD/USD pair remains steady following the release of S&P Global Purchasing Managers’ Index (PMI) data.
Fxstreet
Fri, Oct 3
Google, NBCUniversal reach agreement to keep shows on YouTube TV
Oct 2 (Reuters) - Alphabet's Google GOOGL.O and Comcast-owned CMCSA.O NBCUniversal have reached a multi-year agreement to keep NBC shows such as "Sunday Night Football" and "America's Got Talent" on YouTube TV, wrapping up a difficult negotiation.YouTube TV, one of the bigges...
Reuters
Fri, Oct 3
General Dynamics gets $1.25 billion IT contract to support US Army in Europe, Africa
Oct 2 (Reuters) - Defense giant General Dynamics' information and technology unit had secured a $1.25 billion task order to support the U.S. Army in Europe and Africa, it said on Thursday, a week after announcing another $1.5 billion U.S. defense contract. The contract, awarded in September,...Reuters
Fri, Oct 3
Record-breaking buyouts push Wachtell atop global M&A adviser rankings
By David Thomas Oct 2 (Reuters) - The largest-ever buyout in the U.S. rail sector and the largest leveraged buyout in history helped propel Wachtell, Lipton, Rosen & Katz to the top of the London Stock Exchange Group's rankings of principal M&A legal advisers.New York-based Wachtell w...Reuters
Fri, Oct 3
Japan's markets gird for leadership vote with stocks, bonds on edge
Subdued market reaction seen from Koizumi victoryWin by dovish Takaichi could steepen yield curve, weaken yenDark horse Hayashi supports BOJ rate hikes, opposes large stimulusBy Junko Fujita and Kevin Buckland TOKYO, Oct 3 (Reuters) - Japanese markets are bracing for a crucial ruling party vote tReuters
Fri, Oct 3
Oil on track for steepest weekly plunge in 3-1/2 months
Oct 3 (Reuters) - Oil prices rose slightly on Friday after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns. Brent crude futures LCOc1 gained 18Reuters
Fri, Oct 3
Musk’s push to transfer SEC probe of Twitter deal to Texas rejected by Federal judge
A federal judge has rejected Elon Musk’s appeal to transfer the case of the Securities and Exchange Commission’s (SEC) legal inquiry into the timing of his Twitter stake announcement to Texas. Elon Musk has faced legal scrutiny from regulators in both the U.S. and the UK over the management of hisCryptopolitan
Fri, Oct 3
REFILE-Arm plans to appeal final ruling in Qualcomm dispute
By Stephen Nellis SAN FRANCISCO, Sept 30 (Reuters) - Arm ARM.O said on Tuesday it planned to appeal a judge's ruling in a licensing dispute against Qualcomm QCOM.O that left the chipmaker's jury victory intact. Qualcomm secured a key win in U.S. federal court in Delaware last year, with a...Reuters
Thu, Oct 2
Stellantis, Volvo Cars shares rise as US sales defy tariff fears
Volvo Cars and Stellantis shares rise 5% and 7% respectivelyStellantis posted first quarterly sales growth in US this year. Automakers continue to adjust models they sell in the USBy Marie Mannes STOCKHOLM, Oct 2 (Reuters) - Shares in European automakers Volvo Cars VOLCARb.ST and Stellantis STLA...Reuters
Thu, Oct 2
Openai, Hitachi Join Hands On Energy-Saving Technology For Ai Data Centres, Generative Ai Development, Nikkei Says
Oct 2 (Reuters) - Hitachi Ltd 6501.T:OPENAI, HITACHI JOIN HANDS ON ENERGY-SAVING TECHNOLOGY FOR AI DATA CENTRES, GENERATIVE AI DEVELOPMENT, NIKKEI SAYSSource text: [ID:]Reuters
Thu, Oct 2
AMD rises on report Intel considers adding rival as foundry customer
** Shares of Advanced Micro Devices AMD.O rise 2.3% to $167 premarket ** Intel in talks to add AMD as a foundry customer, Semafor reported on Wednesday, citing people familiar with the matter** Reuters reported in April AMD was evaluating INTC's chip manufacturing processes** AMD did not respond...
Reuters
Thu, Oct 2
