October 2024 – Page 26 – UAG Trade Asia

Chinas Gold Reserves Unchanged for 5th Straight Month in Sept

October 7, 2024
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SHANGHAI, Oct 7 Reuters China39;s central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed on Monday, mainly due to a surge in prices for the yellow metal. China39;s gold holdings stood at 72.8 million troy ounces at the end of last month. The value […]

October 7, 2024
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LONDON, Oct 7 Reuters Britain39;s jobs market showed more signs of cooling in September as pay growth increased at the slowest pace in almost four years, according to a survey likely to reassure the Bank of England as it considers whether to cut borrowing costs again. The Recruitment and Employment Confederation and KPMG said on […]

October 7, 2024
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Oct 7 Reuters German industrial orders fell significantly more than expected in August, adding to signs that manufacturing in Europe39;s largest economy will not recover in the coming months. Orders fell by 5.8 on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said Monday. A Reuters poll of analysts […]

October 7, 2024
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Oct 4 Reuters Tellurian shareholders have voted in favor of the U.S. LNG developer39;s proposed 1.2 billion acquisition by Australian energy producer Woodside Energy Group, the company said on Friday. Shares rose 1.4 to 98 cents in premarket trade. Woodside in July agreed to buy Tellurian, including its U.S. Gulf Coast Driftwood LNG export project. The agreement is […]

October 4, 2024
Finance
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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 […]

October 4, 2024
Business
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TOKYO, Oct 4 Reuters Japan39;s Seven i Holdings is considering selling a stake in its supermarket unit ahead of a planned listing of the business, two sources said, as the 7Eleven owner aims to speed up an overhaul after rejecting a takeover from Alimentation CoucheTard. Neither the timeline of the potential sale nor the size of […]

October 4, 2024
Finance
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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.

October 4, 2024
Finance
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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.

October 4, 2024
Finance
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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.

October 4, 2024
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Property bonds rally fuelled by government stimulus measures Gains seen in bonds of leading developers Vanke, Longfor Bonds of developers in default, such Country Garden, also gain Investors watching for home sales numbers for next move HONG KONG, Oct 4 Reuters Some Chinese and global institutional investors are revisiting Chinese property bonds, betting on an […]

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Chinas Gold Reserves Unchanged for 5th Straight Month in Sept

UK Pay Growth Weakest since February 2021, REC Survey Show

German Industrial Orders Slump more than Expected in August

Tellurian Shareholders Back Proposed 1.2 bln Woodside Deal

Sterling Ticks Up, but Set for Worst Week in more than Year

Seven i Considering Supermarket Stake Sale ahead of IPO, Sources

Visa, Mastercard spur gen-AI adoption among payment companies

Chinese AI firms on track to narrow gap despite Nvidia controls

Big tech 2025 capex may hit $200 billion as gen-AI demand booms

China Stimulus Draws Investors Back to Offshore Bonds of Troubled Property Sector

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