Daron Acemoglu, Institute Professor at MIT and author of books including Why Nations Fail, takes a critical look at AI and explains why the economic and social benefits may have been overstated on Asia Centric.

Sept 18 Reuters Canada39;s main stock index fell on Wednesday due to losses in energy shares, even as markets braced for the U.S. Federal Reserve39;s monetary policy decision due later in the day. The Toronto Stock Exchange39;s SPTSX composite index was down 105.02 points, or 0.44, at 23,572.68. At the upcoming U.S. Fed39;s policy decision at […]

LONDON, Sept 18 Reuters The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.S. policy easing cycle later on Wednesday. Sterling gained 0.49 to 1.3227, a session […]

FTSE 100 down 0.2 UK August CPI at 2.2 Reckitt Benckiser up after report of homecare asset sale discussions Sept 18 Reuters British stock indexes retreated on Wednesday, following a broadly in line inflation report and as investors awaited a highly anticipated yet uncertain Federal Reserve policy decision later in the day. At 0707 GMT, […]

BENGALURU, Sept 18 Reuters India has overtaken China for the first time ever in a key MSCI equities index, bolstered by steady economic growth and strong flows. India39;s weight in the MSCI investible large, mid and smallcap index has risen to 2.35, greater than China39;s weight of 2.24, Morgan Stanley said in a note on […]

London, Sept 18 Reuters The dollar surrendered some of its overnight gains against the yen on Wednesday, as investors tweaked their positions ahead of a policy meeting expected to initiate a U.S. easing cycle. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, with markets pricing […]

UK inflation holds at 2.2 in Aug Euro zone inflation at 0900 GMT Fed rate decision at 1800 GMT Campari at over fouryear lows after unexpected CEO exit Reckitt rises on report of potential sale of homecare assets Sept 18 Reuters European shares edged lower on Wednesday, as investors stayed on the sidelines ahead of […]

Wellington’s Andrew J. Shilling and Clark R. Shields, sub-advisers to the Vanguard U.S. Growth Fund, talk about investing in companies with secular growth and competitive advantages in this episode of Bloomberg Intelligence’s Inside Active podcast.

JOHANNESBURG, Sept 17 Reuters The South African rand held steady on Tuesday, with investor focus on Wednesday39;s U.S. Federal Reserve policy decision which could see it deliver a big interest rate cut. At 1501 GMT, the rand traded at 17.635 against the dollar , not far from its Monday closing level of 17.6225. Markets are […]

Spills can lead to significant costs for oil and gas companies, including fines and widening of credit spreads. Research by Bloomberg Intelligence illustrates that safety incidents often portend a greater amount spilled the following year.