News
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China tightens checks on Nvidia AI chips at major ports, FT reports
Oct 10 (Reuters) - China has intensified enforcement of its import restrictions on U.S. chips, including Nvidia's NVDA.O artificial intelligence processors, the Financial Times reported, as Beijing sharpens its focus on promoting home-grown semiconductor production.Chinese customs officials were...Reuters
Fri, Oct 10
Is the Dollar Bottoming Out? Overdone Rate Cut Bets Leave Dollar Bears Vulnerable
TradingKey - The “weak dollar” trade dominated foreign exchange markets in early 2025, with investors heavily betting on a declining U.S. dollar. But after the Federal Reserve delivered its first rate cut in September, that consensus has begun to crack. The Dollar Index (DXY), which fell over 10% in
Coinbase and Mastercard are in advanced talks to acquire BVNK
Coinbase and Mastercard, a payment merchant, have each held advanced talks to acquire BVNK, a London-based stablecoin issuer. Insider sources, preferring anonymity, have confirmed that the discussions are ongoing, with Coinbase having the upper hand in acquiring BVNK.Cryptopolitan
Fri, Oct 10
Applied Digital Revenue Surges 84%, Shares Jump 16% After-Hours as AI Data Center Demand Fuels Growth
TradingKey - Applied Digital (APLD.US), which has transformed from a cryptocurrency mining company into an application digital company, reported strong first-quarter earnings that significantly exceeded market expectations, with revenue growth driving its stock price to surge over 16% in after-hours
TradingKey
Fri, Oct 10
GBP/JP retreats further from YTD peak as verbal intervention aids JPY; holds above 203.00
The GBP/JPY cross attracts some follow-through selling for the second consecutive day on Friday and retreats further from its highest level since July 2024, around the 205.30 region touched earlier this week. Spot prices currently trade around the 203.25 area, down 0.20% for the day, though remain o
Fxstreet
Fri, Oct 10
Gold heads for eighth weekly gain on strong safe-haven demand
Oct 10 (Reuters) - Gold held steady below $4,000 an ounce on Friday and was set for an eighth straight weekly gain, buoyed by lingering geopolitical and economic tensions and increased expectations of further U.S. rate cuts.Reuters
Fri, Oct 10
Yen set for sharpest weekly fall in a year, euro at two-month lows on political worries
Takaichi's fiscal policies and BOJ rate hike wagers in focus Verbal jawboning helps yen find some supportFrench political quagmire leaves euro at two-month lowsU.S. dollar on pace for best week in a year By Ankur Banerjee SINGAPORE, Oct 10 (Reuters) - The yen steadied on Friday but was se...Reuters
Fri, Oct 10
Bangkok shares drag on Delta Electronics' sell-off; S.Korea stocks soar on AI rally
Indonesian stocks set for fourth straight weekly gainSouth Korean shares at record highDelta Electronics leads Thailand stocks lowerBy Rishav Chatterjee Oct 10 (Reuters) - Thai equities slumped more than 2% on Friday, weighed by a sharp sell-off in Delta Electronics after the stock was placed undReuters
Fri, Oct 10
US to deploy 200 troops to Israel for Gaza task force, no operations in Gaza
WASHINGTON, Oct 9 (Reuters) - The United States will deploy up to 200 troops to Israel to establish a task force to support stabilization efforts in Gaza, but no Americans are expected to be deployed into the Palestinian enclave, U.S. officials said on Thursday.Reuters
Fri, Oct 10
Oil little changed amid fading risk premium after Gaza deal
Oct 10 (Reuters) - Oil prices were little changed in early Asian trade on Friday after falling more than 1% in the previous session, as the market's war risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza.
Reuters
Fri, Oct 10
Intel’s Make-or-Break Moment: First 18A Chip Debut Sets Stage for Comeback
TradingKey - As Intel (INTC) struggles to turn around its fortunes, the company unveiled on Thursday its first AI PC chip built on the next-generation 18A process node — a pivotal moment not only for Intel’s technological revival but also for the broader resurgence of U.S. semiconductor
TradingKey
Fri, Oct 10
Japan's Nikkei falls on profit-booking, Fast Retailing shines on record profit
TOKYO, Oct 10 (Reuters) - Japan's Nikkei share average fell on Friday as investors booked profits ahead of a three-day weekend from the fast-paced rally, while Uniqlo brand owner Fast Retailing jumped after posting a record profit.Reuters
Fri, Oct 10
Japan concerned about rapid, one-sided yen moves, finance minister says
TOKYO, Oct 10 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Friday that the government was concerned about excessive volatility in the foreign exchange market as the yen came under pressure due to fiscal concerns.Reuters
Fri, Oct 10
Asian stocks choppy as commodities catch breath after rally, yen in focus
SINGAPORE, Oct 10 (Reuters) - Asian stocks limped towards the end of the week on a shaky footing on Friday as declines on Wall Street lingered into early trading, while commodity markets took a breather after their recent charge higher.Reuters
Fri, Oct 10
Fed's Daly: labor market is at a 'worrisome' point
Oct 9 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Thursday a softening labor market and inflation that has come in "much less" than people had feared warranted last month's U.S. interest-rate cut and prompted the Fed to signal more rate cuts could be ahead.Reuters
Fri, Oct 10
Japan's Akazawa, US Commerce's Lutnick reconfirm boosting ties via trade deal
TOKYO, Oct 10 (Reuters) - Japan's top tariff negotiator Ryosei Akazawa and U.S. Commerce Secretary Howard Lutnick reconfirmed that the U.S.-Japan trade agreement will further strengthen the two nations' alliances and economic growthReuters
Fri, Oct 10
