Sarvam AI Cofounder On India's AI PushNew!!
Sarvam AI co-founder Pratyush Kumarf speaks to Bloomberg’s Menaka Doshi in Mumbai about India's opportunity in the AI space and the support the Indian government can provide to enable a level playing field. (Source: Bloomberg)
Tech Earnings Show AI Is Driving A Massive Spending RaceNew!!
Amazon, Meta, Microsoft and Google's quarterly earnings all tell the same story. AI demand is exploding, and it’s driving a massive spending race. Ed Ludlow reports. (Source: Bloomberg)
Oil Price Surge Threatens to Deepen Selloff of EM Asia’s BondsNew!!
Higher-for-longer oil prices threaten a faster rise in emerging Asian bond yields, if history is any guide — a risk market watchers say isn’t yet fully priced in.
Japan’s Factory Output Falls as Iran War Clouds Demand OutlookNew!!
Japan’s factory output fell as the war in Iran clouded prospects for global demand while also threatening manufacturers’ margins by way of higher energy costs.
Australia Tells China Stable Trade Needs Stable Fuel SupplyNew!!
Australia’s Foreign Minister Penny Wong delivered a strong message to China on Wednesday: stable shipments of commodities and food require continued imports of petrol, jet fuel and fertilizer.
US Stock Futures Gain on Tech Earnings, Oil Climbs: Markets WrapNew!!
US equity-index futures advanced, lifted by late-session gains in tech giants, as the artificial intelligence trade remained a key driver of markets, while oil prices surged on escalating uncertainty over the Iran war.
ASX Says Darren Yip to Become Interim CEO as Search Goes OnNew!!
ASX Ltd. named Darren Yip, who oversees the exchange operator’s markets and listings divisions, as its interim boss amid a broader strategic review at the firm to lift risk management and governance practices.
Australia’s Top Migrant Group Hails From India, Trumping EnglandNew!!
Indians are now Australia’s largest migrant group, supplanting the English for the first time ever, in a change that highlights the rise of immigration as an increasingly contentious political issue.
Meta Shares Fall as Investors Weigh Tech ProspectsNew!!
Meta Platforms Inc. raised its spending outlook for the year, projecting full-year capital expenditures of $125 billion to $145 billion, driven by its AI strategy and higher component pricing. Bloomberg's Sandeep Singh has the latest. (Source: Bloomberg)
Barry Sternlicht’s Starwood Halts Redemptions From REITNew!!
Starwood Capital Group Management is halting redemptions from a $22 billion real estate fund aimed at retail investors in a bid to preserve liquidity while it waits for the commercial real estate market to improve.