LONDON, Oct 4 Reuters The British pound gained ground against the dollar and the euro on Friday after a steep plunge a day earlier when Bank of England Governor Andrew Bailey had said more aggressive interest rate cuts might be on the table. Bank of England Chief Economist Huw Pill on Friday called for a more cautious […]

Visa and Mastercard’s billions of dollars in AI investments will likely set the pace for other payment firms, with use cases in charge-back prevention, credit risk and fraud prevention, as well as hyper-personalized client services.

China’s AI companies remain on track to further narrow the performance gap with their US peers as earlier concerns about their dwindling access to imported, leading-edge accelerator chips appear largely unfounded.

Big tech companies could collectively amp up capital spending to about $200 billion in 2025, representing a two-year gain that’s triple the 2020-23 average as generative-AI demand spurs outlays on data centers and new products, Bloomberg Intelligence analysis shows.

Silver set for weekly gain Platinum gains 1 U.S. NFP due at 1230 GMT Festivities spark slight demand in India Oct 4 Reuters Gold prices were little changed on Friday as investors maintained caution ahead of a key U.S. jobs report that could influence the Federal Reserve39;s rate path. Spot gold was nearly steady at […]

Reuters  Canada39;s main stock index fell on Thursday in a broader decline led by mining shares as escalating tensions in the Middle East weighed on the broader market. The Toronto Stock Exchange39;s SPTSX composite index was down 84.04 points, or 0.35, at 23,917.48. At least 10 sectors nursed losses on the index, led by the materials […]

FTSE 100 up 0.1 Oct 4 Reuters The continued rise in energy stocks lifted UK shares at the open on Friday, but not by enough to prevent a weekly decline that was sparked by an escalation in the Middle East conflict. The bluechip FTSE 100 was up 0.1 by 0720 GMT, while the midcap FTSE 250 moved […]

SINGAPORE, Oct 4 Reuters The dollar hovered near a sixweek high on Friday ahead of a payrolls report that could decide the path of U.S. interest rates, while the yen surged to cap a turbulent week hit by uncertainty over Japan39;s monetary policy outlook. The dollar was also boosted by safehaven demand as investors weighed widening Middle East tensions […]

SEOUL, Oct 4 Reuters Shares in shipping companies fell heavily across Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf coast docks far sooner than expected. Evergreen Marine, Wan Hai Lines and Yang Ming Marine in Taiwan fell between 8.8 and 10 in their heaviest drops for […]

STOXX 600 up 0.2 DSV jumps on 5.5 bln capital raise Shipping groups39; stocks fall as strike in US East Coast ends Oct 4 Reuters European shares inched higher on Friday, supported by regional energy stocks after crude oil prices climbed on concerns over a deeper conflict in the Middle East. The panEuropean STOXX 600 edged […]