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China Lets Baidu, others Launch ChatGPTLike Bots to Public, Tech Shares Jump

Baidu, SenseTime, Baichuan open AI products to the public Chinese media say 11 firms have received government approval Approvals anticipated after Beijing passed generative AI rules Shares in Baidu, SenseTime jump Aug 31 Reuters Five Chinese tech firms, including Baidu Inc and SenseTime Group, on Thursday launched their artificial intelligence AI chatbots to the public after […]
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Rupee Down in August, but Fares Better than Asian Peers

MUMBAI, Aug 31 Reuters The Indian rupee declined in August as rising U.S. Treasury yields boosted demand for the dollar, but the local unit performed better than its Asian peers on likely intervention by the Reserve Bank of India. The rupee ended weaker at 82.7850 per dollar on Thursday, versus its previous close of 82.7325. […]
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U.S. Indices, Crude, Metals vs USD USD Loses, USD Weakens Upon Figure Releases, ADP Reports Way Lower Employment, NFP Ahead

PREVIOUS TRADING DAY EVENTS 30 August 2023 Private sector employment increased by 177K jobs in August and annual pay increased by 5.9, according to the August ADP National Employment ReportTM produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab Stanford Lab. This is the latest indication that the labour market […]
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Shares in Swiss Bank UBS Hit Highest since Late 2008

MILAN, Aug 31 Reuters Shares in UBS hit their highest level since October 2008 on Thursday, extending a strong run that has put the Swiss bank well ahead of its European rivals following the takeover in March of its struggling rival Credit Suisse. UBS rallied more than 6 early in Zurich, set for its biggest oneday […]
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Euro Bounces on Inflation While Dollar Braces for Jobs

Euro and Europe hike bets higher as inflation lingers China data slightly beats expectations; yuan steady Europe inflation, U.S. core PCE and consumption data ahead SINGAPORE, Aug 31 Reuters The euro stood by a 15year high on the yen on Thursday in anticipation of sticky European inflation figures, while the dollar was squeezed ahead of […]
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Shares Limp Toward Biggest Monthly Drop since February

World stocks head for biggest monthly drop since February China factory sector mired in contraction Markets await U.S. PCE, payrolls data, eurozone inflation Oil prices on track for biggest monthly rise since Jan 2022 LONDON, Aug 31 Reuters World shares limped towards their worst month since February, with sentiment hurt by stillgloomy China factory readings […]
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Sri Lankas Key Inflation Rate Eases to 4 in August

COLOMBO, Aug 31 Reuters Sri Lanka39;s key inflation rate eased to 4 in August from 6.3 a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisisridden economy. Soaring inflation has battered the economy for more than a year after a severe foreign exchange shortage touched off the Indian Ocean island39;s […]
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