Pound Hits FourMonth High, Markets await US Inflation Data

SINGAPORELONDON, July 11 Reuters Sterling hit a fourmonth high on Thursday as comments from Bank of England policymakers and a betterthanforecast GDP data led traders to reduce bets on an August rate cut, while they awaited crucial U.S. inflation data. The pound advanced 0.16 to 1.2864, its highest level since early March, after BoE chief […]
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Oil Steadies as Investors Weigh Mixed Demand Signals

LONDON, July 11 Reuters Oil prices were stable on Thursday with the Brent benchmark holding above 85 a barrel, as investors balanced a bleaker demand growth view from the International Energy Agency IEA with a indications of growing U.S. consumption. Brent futures were up by 21 cents, or 0.25 to 85.29 a barrel by 0938 […]
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AI Frenzy Propels Taiwans TSMC to Trillion Dollar Club

SINGAPORE, July 11 Reuters Taiwan39;s TSMC scaled a record high on Thursday after posting strong secondquarter revenue on booming demand for AI applications, cementing its position as Asia39;s most valuable company. TSMC also topped a trillion dollar market value this week. WHY IT39;S IMPORTANT The AI frenzy has sparked a rally in chipmaker stocks across the […]
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Hedge Funds Turn to South Korea for next Wave in AI

HONG KONG, July 11 Reuters Hedge funds hunting for artificial intelligencerelated stock market bargains are rushing into South Korea39;s chipmakers, betting a new wave of demand for highend memory chips and government spending makes them more valuable. Britain39;s Man Group, Singapore39;s FengHe Fund Management and Hong Kong39;s CloudAlpha Capital Management and East Eagle Asset Management […]
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