News
Important Only
AUD/JPY faces selling pressure as RBA keeps interest rates steady at 3.6%, as expected
The AUD/JPY pair slumps to near 100.40 during the Asian trading session on Tuesday as the Reserve Bank of Australia (RBA) has held its Official Cash Rate (OCR) steady at 3.6%. This is the second straight meeting when the RBA has maintained a status quo.
Fxstreet
Tue, Nov 4
WTI holds losses near $60.50 despite OPEC+ output pause
West Texas Intermediate (WTI) Oil price remains subdued for the second successive day, trading around $60.70 per barrel during the Asian hours on Tuesday. The prices of Oil lose ground, which could be attributed to the market caution surrounding the US Federal Reserve (Fed) policy outlook for the De
Fxstreet
Tue, Nov 4
Asia stocks retreat from record highs on profit taking; US dollar gains
Tech drives initial rally, but stock traders cautious after weak US dataDivergent views among Fed officials clouds outlook for December rate cutRBA refrains from rate cut, as widely expectedBy Kevin Buckland TOKYO, Nov 4 (Reuters) - Asian stock markets from Tokyo to Taipei and Seoul retreatedReuters
Tue, Nov 4
US Dollar Index rises to near 100.00 due to cautious Fed policy outlook
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fifth consecutive session and trading around 99.90 during the Asian hours on Tuesday.Fxstreet
Tue, Nov 4
Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar
By Heejin Kim and Hyunjoo JinSEOUL, Nov 4 (Reuters) - South Korea's Samsung SDI 006400.KS said on Tuesday it is in talks to supply energy storage batteries to Tesla TSLA.O, in an order that Korean media said could be worth more than 3 trillion won ($2.11 billion). Samsung SDI shares soared more ...Reuters
Tue, Nov 4
OpenAI turns to Amazon in $38 billion cloud services deal after restructuring
Nov 3 (Reuters) - OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com AMZN.O, in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom.
Reuters
Tue, Nov 4
Google owner Alphabet to tap US dollar, euro bond markets
WASHINGTON, Nov 3 (Reuters) - Google owner Alphabet GOOGL.O is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering.The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the pot...
Reuters
Tue, Nov 4
Palantir forecasts fourth-quarter revenue above estimates on solid AI demand
Nov 3 (Reuters) - Palantir Technologies PLTR.O forecast fourth-quarter revenue above analysts' estimates on Monday, as the rapid adoption of artificial intelligence boosts demand for its data analytics services from businesses and governments.
Reuters
Tue, Nov 4
Microsoft signs $9.7 billion cloud deal with IREN as AI demand swells
Nov 3 (Reuters) - Microsoft has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia's advanced chips, aiming to ease the computing crunch that has kept the tech giant from fully cashing in on the artificial intelligence boom.The news sent shares of IREN IREN....
Reuters
Tue, Nov 4
Microsoft to invest over $15 billion in UAE, secures US export licenses for Nvidia chips
ABU DHABI, Nov 3 (Reuters) - Microsoft MSFT.O plans to bring its total investment in the United Arab Emirates to $15 billion by the end of 2029 and has the Trump administration's approval to export Nvidia chips for its data centres there, a senior executive told Reuters on Monday.Reuters
Tue, Nov 4
Loan demand from US mid- and large firms improves, Fed survey shows
Nov 3 (Reuters) - Business loan demand from large and mid-sized U.S. firms strengthened by the most in about three years in the third quarter while demand from small firms was essentially unchanged from the prior quarter, a Federal Reserve survey showed on Monday.But the survey also showed banks onReuters
Tue, Nov 4
For first time in long US government shutdown, hints of progress toward reopening
WASHINGTON, Nov 3 (Reuters) - The first glimmers toward ending a near-record long federal government shutdown were seen in the U.S. Capitol on Monday, as leading Senate Republicans and Democrats talked of a possible "off-ramp" to the disruption.Reuters
Tue, Nov 4
S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
NEW YORK, Nov 3 (Reuters) - The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve's near-term monetary policy grew increasingly foggy due to scarcity of official U.S. economic data.Reuters
Tue, Nov 4
GLOBAL ECONOMY-Big manufacturing economies struggle as US tariffs hit order books
Euro zone factory activity stagnated in OctoberAsia's manufacturing hit by weak U.S. demand, Trump's tariffsChina's economy loses momentum, PMIs show slower growthBy Jonathan Cable and Sam Holmes LONDON, Nov 3 (Reuters) - The world's big manufacturing economies struggled to fire u...Reuters
Mon, Nov 3
Russia says PM Mishustin visiting China for 'very important' visit
Russian Prime Minister Mikhail Mishustin departed for a two-day visit to China on Monday, which the Kremlin says is significant, including planned talks with Chinese President Xi Jinping, the Russian government and state media said.Reuters
Mon, Nov 3
Asian stocks rise on AI sentiment, dollar near 3-month high
Asian stocks rose on Monday as investors weighed last week's megacap earnings showing significant spending on artificial intelligence, while the dollar held near a three-month high after hawkish comments from Federal Reserve policymakers.Reuters
Mon, Nov 3
