Diplomatic shuttling continued on Saturday, with Iran's Foreign Minister Abbas Araghchi saying an Iranian delegation was in Qatar for talks with mediators there
US bonds rally as investors question returns on massive AI investments; crypto slides after Binance hack concerns, while oil rises on Strait of Hormuz risks
Amazon's heavy AI spending and Intel's weak PC demand outlook rattled technology stocks, raising concerns over mounting infrastructure costs, shrinking cash flows and slowing consumer demand.
The Nasdaq fell 2.48% as Amazon's rising AI spending and Intel's cash-burn warning triggered a tech selloff, with the two companies facing nearly $200 billion in combined market value losses.
Foxconn is exploring a fresh partnership with OpenAI, dismissing AI bubble concerns as it targets double-digit growth and expands humanoid robot deployment at its US facilities.
Nvidia is reportedly considering billions of dollars in credit guarantees to help Nscale finance a West Virginia AI data centre for Anthropic, though the deal has not been finalised.
Meta, TikTok and X lost a legal challenge against UK regulator Ofcom over information demands under Britain's Online Safety Act, which aims to protect children from harmful and illegal content.
GAIL's September-quarter profit more than doubled to ₹4,650 crore as gas marketing revenue rose 31%. The company also approved plans to list subsidiary GAIL Gas through an IPO.
Indian drug regulators ordered Sun Pharma to halt eye-care drug production at its Assam plant over quality lapses, following the recall of 332 batches of ophthalmic products.
In a series of recent meetings, the RBI asked banks to probe weaknesses in application programming interfaces (APIs), the software links banks use to connect with non-bank lenders and fintechs
The heavy borrowing in Jio comes weeks after a wave of retail margin-call liquidations cut India's overall cash market margin trading book to ₹1.51 trn as of Oct 28 from record ₹1.59 trn on Sep 30
The US Federal Communications Commission said on Thursday that it will vote on November 19 on a proposal to ban China Mobile, China Telecom and China Unicom and other IP-enabled service providers
Brent crude futures rose 86 cents, or 0.75%, to $115.74 a barrel as of 0122 GMT while US West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.71%, to $102.72
Surging data-center spending, as highlighted in Amazon's massive cash burn, has turned once debt-light tech giants into major borrowers, while price hikes are squeezing global demand for devices
The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday
 "Reuters")
