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Accenture Looks to Power AI Efforts with 3B Investment

June 13 Reuters Accenture said on Tuesday it will invest 3 billion over three years into its data and AI practice, doubling the number of employees that are working with the cuttingedge technology at the IT consulting firm. The company, which consults and services various clients on generative AI projects, said it will have 80,000 […]
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Chinese ETFs Draw Options Bulls on Hopes of a Rebound

NEW YORK, June 14 Reuters Options on several U.S.listed Chinese exchange traded funds have drawn bullish flows in recent days as some traders take advantage of a slump in bullish sentiment on Chinese companies to place contrarian upside bets. The bullish trades occur as investors, who started this year with an upbeat view on China, […]
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Rupee Edges Down as Fed Commentary Boosts Dollar Broadly

BENGALURU, June 15 Reuters The Indian rupee edged lower on Thursday as broad strength in the dollar following the U.S. Federal Reserve hinting at further rate hikes this year hurt emerging market currencies. The rupee was trading at 82.2200 to the dollar by 1017 a.m. IST, after closing at 82.0950 in the previous session. The […]
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Japan Exports Grow Unexpectedly on Solid Car Sales

May exports 0.6 yy, weakest since Feb 2021 vs fcast 0.8 Car exports 66, offsetting weak semiconductor sector Imports, trade deficit shrink on soft commodity markets April core machinery orders 5.5 on rosy servicesector investments TOKYO, June 15 Reuters Japan39;s exports grew unexpectedly in May on robust car sales, though the rate of expansion slowed […]
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Health Insurers Slammed after UnitedHealth says more Surgeries Driving Up Costs

June 14 Reuters Health insurer stocks dropped sharply on Wednesday after UnitedHealth Group said its costs were on the rise due to an increase in surgeries among older adults. Shares of UnitedHealth, the largest U.S. healthcare provider by market value, closed down 6.4 at 459.86, wiping out roughly 29 billion from the industry bellwether39;s market capitalization. […]
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Chinas Economy Slows in May, Firming Case for more Support

May data points to economic slowdown Industrial output, retail sales growth miss expectations Youth jobless rate hits record high Property investment decline deepens PBOC cuts key rates to revive demand BEIJING, June 15 Reuters China39;s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need […]
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Fashion Retailers Resilient Despite Consumer Fears

LONDON, June 15 Reuters A strong start to June for Sweden39;s HM and the return to profitability at online fashion retailer ASOS helped to allay concerns around a sector hit recently by weakening demand in the U.S. Signs of resilience came as a relief to investors concerned that economic uncertainty is driving shoppers in key markets like […]
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