Focus
Europe: Telecoms shares drag Stoxx 600 lower; Federal Reserve meet in focus
EUROPEAN shares edged lower on Monday, led by a slump in the telecommunications sector, while German bond yields inched up after euro zone inflation came in as expected in February....
Nvidia AI developer conference kicks off with new chips in focus
ARTIFICIAL intelligence semiconductor powerhouse Nvidia kicks off its annual developer conference on Monday (Mar 18), with investors focused on new chip announcements from chief executive Jensen Huang in an...
ANZ CEO looks for India, China growth as customer focus shifts
ANZ Group Holdings chief executive officer Shayne Elliott aims to grow the firm’s presence in India and Vietnam as well as in China as his clients require the bank’s...
US: Stocks close lower as inflation remains in focus
WALL Street stocks ended the week on a downcast note on Friday (Mar 15), with all three major indices retreating as traders looked ahead to next week’s US central...
Zara owner Inditex slashes China stores in digital focus
ZARA-OWNER Inditex more than doubled its pre-tax profits in China last year even as the fashion retailer scaled back its physical presence, closing a fifth of its stores in...
Europe: Stoxx 600 logs weekly gains, US jobs data in focus
EUROPE’S main stock indices were flat on Friday (Mar 8), but notched strong gains over the week that saw record highs from German and French shares, while investors also...
Bank of America clinches record number of patents with AI, information security in focus
BANK of America (BOA) secured a record 644 United States patents in 2023, up 13 per cent from the previous year, as the lender focused on information security, artificial...
Gold hovers near three-month peak; focus shifts to Powell testimony
GOLD prices clung to a three-month peak on Tuesday (Mar 5), supported by softer United States manufacturing and construction spending, while investors awaited Federal Reserve chair Jerome Powell’s testimony...
