Most Asia-Pacific markets experienced a decline on Tuesday, following the downward trend on Wall Street the previous day. Investors in the region were also eagerly awaiting the interest rate decision from the Reserve Bank of Australia (RBA), which was scheduled to be announced later in the day. Concerns over RBA Decision The RBA decision, highly
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Asian markets started the holiday-shortened week on a mixed note as investors eagerly anticipated policy decisions from key central banks, namely the Reserve Bank of Australia and the Reserve Bank of India. Private surveys on service sector activity in China and Hong Kong were scheduled to be released on Monday, adding to market sentiment. Additionally,
The recent attack on a bakery and restaurant in the city of Lysychansk, located in Russian-controlled eastern Ukraine, has left at least 28 people dead, including nine women and a child. This incident has raised serious concerns and calls for a critical analysis of the situation. Russian-backed officials have accused Ukraine of carrying out the
Northern Ireland’s political landscape witnessed a momentous occasion on Saturday when the parliament appointed an Irish nationalist, Michelle O’Neill, as the First Minister for the first time in its century-long history. This landmark event not only signified a significant shift in power but also reflected the growing influence of Sinn Fein, a party with a
U.S. chip giant Advanced Micro Devices (AMD) is diving headfirst into the competitive world of AI PCs, aiming to challenge heavyweights like Nvidia and Intel. In an exclusive interview with CNBC, Victor Peng, president of AMD, expressed his confidence in the expanding market for AI PCs. With an expected surge in adoption in the second
Meta, formerly known as Facebook, recently released its fourth-quarter earnings report, surpassing expectations and impressing investors. The company’s earnings per share reached $5.33, beating LSEG’s estimate of $4.96. Additionally, Meta’s revenue stood at $40.1 billion, surpassing the projected $39.18 billion. The company’s impressive performance led to a 15% surge in its stock price after hours.
When it comes to the quarterly results of tech giants Alphabet and Microsoft, the reaction from Wall Street can be summed up in one phrase: good, but not good enough. Despite reporting revenue and earnings that exceeded estimates, both companies experienced a sell-off in extended trading. This can be attributed to the fact that these
Quiet luxury emerged as a viral fashion trend last year, gaining momentum on social media platforms such as TikTok and Instagram. Unlike other fleeting fads, this trend has proven to be more than just a passing trend, as it has made its way into investor portfolios and yielded significant returns. So, what exactly is “quiet
In Singapore, the central bank made its first quarterly monetary policy decision of 2024. The Monetary Authority of Singapore announced that it would maintain its exchange rate policy band known as the Singapore dollar nominal effective exchange rate or S$NEER. This decision was in line with expectations and indicates the bank’s commitment to stability in
In a devastating turn of events, three U.S. service members were tragically killed and several others wounded in an unmanned aerial drone attack on American forces stationed in northeastern Jordan near the Syrian border. President Joe Biden and U.S. officials have attributed the attack to Iran-backed groups, making it clear that the situation in the