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Sizzling valuations no bar for Asia data centre deals as AI growth beckons

Many industry executives say the regional data centres will continue to command high valuations due to the nascent nature of the industry

Barclays reaches $19.5 mn settlement over $17.7 bn debt sale blunder

A preliminary settlement of the proposed class action was filed on Tuesday in Manhattan federal court

China's services activity expansion eases in November, shows PMI data

The Caixin/S&P Global services purchasing managers' index (PMI), released on Wednesday, fell to 51.5 from 52.0 in October

Qatar to invest $1.3 bn in climate tech in Britain, Rolls-Royce to benefit

The announcement was made during a two-day state visit to Britain by Qatar's emir, Sheikh Tamim bin Hamad Al Thani

South Korea rushes to stabilise markets after Prez Yoon's martial law bid

The BOK said it will start special repo operations from Wednesday for local financial institutions to support smooth market functioning

AT&T expects over $18 bn in cash flow in 2027, driven by 5G, fiber services

Shares of the company rose more than 4 per cent during the session to their highest level since May 2021

Biden govt not to finalise guidelines on new clean fuel tax credit

Ethanol producers in particular are hoping sustainable aviation fuels will provide market growth

Pernod Ricard denies breaching Indian law, internal probe claims violation

PRI lobbied New Delhi officials in favour of a 2021 law that allowed private retailers to run liquor shops

Asian stocks fall amid volatility as South Korea faces political turmoil

The benchmark KOSPI index was down nearly 2 per cent, taking its year-to-date losses to over 7 per cent

South Korean President Yoon Suk Yeol declares emergency martial law

He did not cite any specific threat from the nuclear-armed North, however, instead focusing on his domestic political opponents

Russia approves $320 million management buyout of Carlsberg assets

Carlsberg, whose shares fell 1.3% in late morning trading, said it would receive a cash consideration, as well as Baltika Breweries' shareholdings in Carlsberg Azerbaijan and Carlsberg Kazakhstan

AT&T targets $18 bn in free cash flow by 2027, driven by 5G, fiber growth

The wireless carrier aims to double its fiber internet availability and enhance its 5G network, offering customers bundled discounts on high-speed fiber data and wireless phone services

BlackRock to buy HPS Investment for $12 bn in major private credit push

Private credit has grown rapidly in recent years as stricter regulations made it more expensive for traditional lenders to finance riskier loans

Microsoft faces legal action in Britain over cloud computing licences

Microsoft in 2020 introduced new licence fees for running its software on major cloud providers

Gold prices inch higher on Fed rate optimism with US data due in December

UBS said it expects the Fed to cut by 25 basis points in December, followed by another 100 bps of easing through 2025

Festivals lift India's edible oil imports to four-month high in Nov

Palm oil imports edged 0.5 per cent higher in November from the previous month to 850,000 metric tons, according to estimates from dealers

Swiggy Q2 results: Loss narrows to Rs 626 crore, revenue rises 30%

Its expenses grew 23 per cent as the company continued its quick commerce expansion

Oil prices climb nearly 1% as traders await outcome of Opec+ meet

Opec+ is likely to extend its latest round of output cuts until the end of the first quarter at its Dec 5 meeting

Andaman police to question Starlink on device used in smuggled drugs haul

Starlink, which says it provides coverage in international waters, has plans to launch in India, but says its coverage in territorial waters is contingent on government approval

Chinese chip companies say they can withstand fresh US export curbs

Capital expenditure by the Chinese chip industry next year will likely fall by $10 billion, or about 30 per cent year-on-year, to $35 billion, as a result of these curbs, Jefferies analysts said