A new survey from Bloomberg Intelligence shows that Chief Information Officers are shifting their spending from servers, storage, and networking, to Large Language Model deployment. The new survey shows also that AI investments became a larger priority for CIOs, ranking higher in planned spending allocation versus prior surveys.

Polen CEO, Stan Moss, and Head of Credit, Dave Breazzano, join Noel Hebert and Sam Geier on this special edition of Credit Crunch, live from the Greenwich Economic Forum.

AUD debts hit YTD record near A270 bln Pandemic refinancing drives sales; demand strong Bankers see slowdown into US election SYDNEY, Oct 16 Reuters Australian dollar debt sales, running at the fastest clip on record, are starting to hit the brakes as capital markets hunker down for the U.S. election, according to bankers in Sydney. […]

Gold industry sees prices rising to 2,941oz over 12 months Fed39;s Daly says cenbank likely on track for more rate cuts Spot gold poised to revisit Sept 26 high of 2,685 technicals Oct 16 Reuters Gold traded in a tight range on Wednesday as market participants awaited more U.S. economic data to determine the number […]

Oct 16 Reuters Indian shares moved in a narrow range on Wednesday in the absence of fresh triggers, with investors weighing up some disappointing results from marquee companies and the exodus of foreign funds against the drop in crude oil prices. The Nifty 50 index edged down 0.01 at 25,050.2 points as of 1037 a.m. IST, […]

SYDNEY, Oct 16 Reuters Chinese autonomous driving firm Horizon Robotics is aiming to raise up to 696 million in a Hong Kong initial public offering, as the city39;s listings market shows signs of renewed activity after a nearly twoyear slump. The company will sell 1.36 billion shares in a price range of HK3.73 to HK3.99 […]

MUMBAI, Oct 16 Reuters The Indian rupee fell marginally on Wednesday, despite the rise in regional peers and lower crude oil prices, as dollar demand from foreign banks and importers weighed on the currency. The rupee was at 84.05 against the U.S. dollar as of 1130 a.m. IST, against its close at 84.0375 in the […]

EURUSD was little changed today, traded at 1.0890 amid bearish sentiments, kept falling since last September. Economic sentiments in EZ improved in October by 20.1, stronger than before and the industrial production grew by 1.8 in August MoM after the contraction in July, thats not bad for EUR bulls. ECBs President Lagarde will deliver speech […]

MUMBAI, Oct 16 Reuters Global fund managers increased their allocation to China at India39;s expense after Asia39;s largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities. Last Saturday, China pledged to significantly increase debt to revive its sputtering economy. China39;s central bank in September announced the most aggressive monetary support measures since the pandemic. […]

Oct 15 Reuters Indian shares closed lower on Tuesday, with auto shares leading losses due to expectations of delayed domestic rate cuts while metals declined tracking a fall in global prices. The Nifty 50 index fell 0.28 to 25,057.35 points as of 330 p.m. IST, while the SP BSE Sensex dropped 0.2 to 81,820.12. The prospect that a domestic […]