Shares in India’s Adani Enterprises slumped 10 percent at Thursday’s open after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bribes and hiding the payments from investors.The steep losses in the Adani group’s key firm was matched by heavy selling in its other key businesses, with Adani …
India’s Adani Enterprises tanks after founder’s US charges Read More »
Deep in South Korea’s hinterlands lies a perfect replica of 1900s Seoul: welcome to Sunshine Land, the latest K-drama theme park to cash in on booming K-culture tourism.Fans of K-pop mega group BTS have long flocked to the South to see sites associated with the boy band, from the dorms where they slept as trainees …
Screen to reality: South Korea targets K-pop, K-drama tourism boom Read More »
Asian markets were mixed Thursday as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left investors disappointed, while sentiment was also being swayed by geopolitical concerns.Bitcoin reached an all-time peak above $95,000 as it continued its run towards $100,000 on optimism that the incoming US president will usher in an era of …
Asian markets mixed as Nvidia falls short of hopes, eyes on Trump Read More »
As civil war pounds Myanmar’s economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach.The orders she and thousands of others churn out for big names including Adidas, H&M and others bring in billions of dollars in export earnings for Myanmar.It is a …
Researchers in Canada are using artificial intelligence to monitor the ongoing mass extinction of insects, hoping to collect data that can help reverse species collapse and avert catastrophe for the planet.”Of all the mass extinctions we have experienced in the past, the one affecting insects is happening a thousand times faster,” said Maxim Larrivee, director …
Canada AI project hopes to help reverse mass insect extinction Read More »
Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday.With a business empire spanning coal, airports, cement and media, the chairman of Adani Group has been rocked in recent years by corporate fraud allegations and a stock …
Indian magnate Gautam Adani charged in US over massive bribery scheme Read More »
Global stocks were mostly flat or lower Wednesday while the dollar strengthened ahead of an eagerly anticipated report from artificial intelligence giant Nvidia that showed it crushed its earnings expectations.Following a down day in Tokyo and on European bourses, equities had a choppy session in New York, with the S&P 500 finishing flat.”Now that the …
Dollar strengthens, stocks mostly flat over lack of triggers Read More »
US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial intelligence giant Nvidia.The dollar firmed against rivals as US president-elect Donald Trump works on completing his cabinet picks, the outlook for US interest rates and the prospect of an escalation in the Russia-Ukraine war.”One of the most highly anticipated days …
Major European and Asian stock markets mostly gained and the dollar firmed against main rivals Wednesday following a positive lead from Wall Street, as all eyes turned to upcoming results from artificial-intelligence giant Nvidia.London was up 0.2 percent in late morning deals as a 20-percent surge in the share price of accounting-software group Sage following …
Stock markets gain, dollar higher before Nvidia earnings Read More »
Stocks fluctuated Wednesday following a positive lead from Wall Street as traders assessed the prospect of an escalation in the Russia-Ukraine war, Donald Trump’s second presidency and the outlook for US interest rates.They were also keenly awaiting the release of earnings from chip behemoth Nvidia later in the day, which many see as a bellwether …
Markets fluctuate as traders weigh geopolitical tensions Read More »
