Nvidia earnings: analysts upbeat even as guidance underwhelms
Investing.com– Analysts maintained a largely positive view on NVIDIA Corporation (NASDAQ:NVDA) after the chipmaker clocked consensus-beating third-quarter earnings and presented a modest outlook for revenue in the current quarter. The company clocked third-quarter adjusted earnings per share of $0.81, beating…
Japan stocks lower at close of trade; Nikkei 225 down 0.97%
Investing.com – Japan stocks were lower after the close on Thursday, as losses in the Insurance, Transportation Equipment and Power sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.97%. The best performers of the session…
Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon
By Krishna N. Das and Munsif Vengattil NEW DELHI (Reuters) – Indian billionaire Gautam Adani, indicted in New York over a $265 million bribery scheme, is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging…
Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say
By Fanny Potkin (Reuters) – China’s Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to U.S. restrictions, said two people familiar with…
Japan set to approve $87 billion economic stimulus this week
By Yoshifumi Takemoto TOKYO (Reuters) – Japan’s ruling coalition on Wednesday agreed with a key opposition party on the draft of an economic stimulus package, clearing a major hurdle for the $87 billion package designed to help cushion the blow…
Indonesia central bank holds rates steady, as expected
JAKARTA (Reuters) – Indonesia’s central bank held interest rates unchanged on Wednesday, as expected, saying policy was focused on maintaining stability in the rupiah currency while making sure inflation stays within its target range. Bank Indonesia (BI) kept the benchmark…