Vietnam’s National Assembly, on Thursday, took a significant step towards bolstering its nascent domestic rare earth processing sector by approving a revised law. This new legislation imposes stricter controls on the export of refined rare earths while definitively re-stating the long-standing ban on exporting raw rare earth ore. The move is a concerted effort to […]
While current price charts indicate deteriorated optimism in crypto, the December 10 session confirmed staggering institutional appetite. Notably, investors poured substantial funds into all leading crypto ETFs on Wednesday. Bitcoin, Ethereum, XRP, and Solana attracted massive inflows as demand skyrocketed ahead of the much-anticipated December 10 Federal Reserve meeting. Bitcoin ETFs in the spotlight US […]
SoftBank Group shares fell sharply on Thursday after Oracle’s weaker-than-expected quarterly results renewed worries about how long it will take for massive investments in artificial intelligence infrastructure to translate into profits. The stock closed down nearly 7.7% in Tokyo, having dropped as much as 8.4% intraday, dragging the broader market lower. Oracle said its revenue […]
JPMorgan Chase is preparing another expansion step in India, setting the stage for a fresh phase of growth in a country that has become a priority for global financial institutions. As per a Bloomberg report, the bank is moving ahead with plans for a new branch in Pune, marking its first addition in almost a […]
Oracle shares dropped 11% in premarket trading on Thursday, extending the previous session’s losses after the company reported quarterly results that underscored both the promise and the pressure of its accelerating cloud ambitions. While adjusted earnings beat analyst expectations by a wide margin, revenue fell short, raising fresh questions about the sustainability of Oracle’s aggressive […]
Dow futures declined over 100 points on Thursday as Oracle’s results reignited fears about high-flying tech stocks. The futures tied to other Wall Street indices like the S&P 500 and Nasdaq were also trading in red even after the Federal Reserve’s latest interest rate cut gave a boost to US equity markets on Wednesday. While […]
Drax Group announced on Thursday that it is considering converting a section of its Yorkshire power station in northern England into a data centre as early as 2027. The project would repurpose land, cooling systems, and transformers that were previously used for coal generation, according to a Reuters report. Europe’s landscape of energy infrastructure is […]
Microsoft’s Satya Nadella has drawn global attention during his India visit, not only for a major investment pledge but also for an unexpected personal project that links artificial intelligence with one of India’s most enduring sporting traditions. While travelling, the chief executive spent his free time building a Deep Research AI app to study cricket, […]
The projected global crude oil surplus in the fourth quarter of 2025 has narrowed due to a halt in production, the International Energy Agency said on Thursday. Meanwhile, the forecast for global crude oil demand growth in 2025 has been scaled up by the IEA in its December Oil Market Report. The Paris-based agency’s December […]
Broadcom is set to report its fiscal fourth-quarter results after the market close today, with investors closely watching whether the semiconductor giant can extend a rally that has made it one of the strongest performers in the S&P 500 this year. Fueled by enthusiasm around artificial-intelligence infrastructure, the stock has surged nearly 76% year-to-date and […]