News
Important Only
Oracle’s $60B Project at 35% Margin Debunks “AI Doesn’t Make Money”
TradingKey - Oracle, which has been part of the “AI inner circle” for over a month, has long faced market skepticism over its sky-high RPO (remaining performance obligation) orders — criticized as “all hype and no profit.” However, on Thursday, the company revealed a $60 billion AI infrastructure
TradingKey
Fri, Oct 17
Micron to exit server chips business in China after ban, sources say
SEOUL/SHANGHAI, Oct 17 (Reuters) - Micron MU.O plans to stop supplying server chips to data centres in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, two people briefed on the decision said.
Reuters
Fri, Oct 17
Japan Q4 aluminium talks drag out in effort to bridge gap, say sources
Quarterly pricing talks between Japanese aluminium buyers and global producers have stretched unusually long as both struggle to close a wide gap on primary metal shipments for October to December, three sources directly involved in the talks said.Reuters
Fri, Oct 17
USD/INR declines at open amid US-China trade frictions
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Friday. The USD/INR pair slides to near 87.80 as the US Dollar faces a sharp selling pressure due to ongoing United States (US)-China trade frictions and firm expectations that the Federal Reserve (Fed) will cut interest rates two moFxstreet
Fri, Oct 17
Yields fall as investors ramp up Fed cut bets on US banking jitters
Short-term U.S. Treasury yields hit multi-year lows on Friday as growing signs of credit stress in the U.S. banking system prompted nervous investors to price in more aggressive Federal Reserve rate cuts this year and next.Reuters
Fri, Oct 17
In China, global companies struggle as home-grown brands steal thunder
LONDON/PARIS/AMSTERDAM, Oct 17 (Reuters) - For many companies, business in China has changed for the long term as a fragile economy and sluggish consumer demand are forcing executives to rethink their brand strategy and compete with rising home-grown rivals.Reuters
Fri, Oct 17
Gold rallies beyond $4,300/oz, set for best week in 17 years
Oct 17 (Reuters) - Gold notched a new high above $4,300 an ounce on Friday and was poised for its best week in over 17 years, as signs of weakness in U.S. regional banks, global trade frictions, and further rate-cut hopes pushed investors to the safe-haven metal.Reuters
Fri, Oct 17
Japan's 10-year bond yield falls to one-month low mirroring US yield declines
TOKYO, Oct 17 (Reuters) - Japan's 10-year government bond (JGB) yield touched a one-month low on Friday, tracking U.S. Treasury yields, which fell overnight on concerns over trade tensions between the U.S. and China and credit market worries.The 10-year JGB yield JP10YTN=JBTC fell...Reuters
Fri, Oct 17
As U.S. Regional Banks Wobble, Analysts Split on One-Off vs. “Cockroach Effect”
TradingKey - The bankruptcies of Tricolor and First Brands triggered JPMorgan CEO Jamie Dimon’s warning about the “cockroach,” while Zions Bancorp and Western Alliance’s recent disclosures of loan fraud and bad debt have further heightened market concerns over bank credit quality — a regional
Japan's two biggest parties agree to hold PM vote on Tuesday, Kyodo says
TOKYO, Oct 17 (Reuters) - Japan's two biggest political parties, the Liberal Democratic Party (LDP) and Constitutional Democratic Party (CDP) reached a broad agreement to hold a parliamentary vote to select the next prime minister on Oct. 21, Kyodo News reported on Friday.Reuters
Fri, Oct 17
Gold extends record rally above $4,300, eyes best weekly gain since 2008
Oct 17 (Reuters) - Gold extended its record-breaking rally on Friday, climbing above $4,300, poised for their best weekly performance in 17 years, as escalating U.S.-China trade tensions fuelled market uncertainty, with U.S. rate cut hopes adding to the momentum.Reuters
Fri, Oct 17
China’s export surge fails to lift economy from slowest quarter
China’s economic growth slowed to its weakest pace in the final quarter, despite a surge in exports. The gap is expected to prompt the Communist Party to push for higher domestic spending at its key conference next week.Cryptopolitan
Fri, Oct 17
Oil set for weekly loss as Trump-Putin summit looms
Oct 17 (Reuters) - Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine.
Reuters
Fri, Oct 17
