China’s big banks post fastest quarterly profit growth in years as margins stabilise
China’s big banks post fastest quarterly profit growth in years as margins stabilise
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China’s big banks post fastest quarterly profit growth in years as margins stabilise
China’s robot makers have mastered the moves. Now comes the race for brains
Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands.
The change doesn’t alter exchange hours, but it does shift when global liquidity overlaps. Asia-Pacific desks now see US cash trading start and finish an hour later on their clocks, which narrows the gap between the Wall Street close and the Asian open and changes when US-driven moves first reach Asian markets. For Europe, the London and New York overlap returns to its normal winter shape after a…
Australian home prices fall for seventh month, looming rate hike adds to pain
The delay adds to a run of setbacks that point to rising execution risk across Australia’s (and global) data centre sector, where permitting, energy supply and community opposition are all lengthening timelines. Listed developers and landlords such as NextDC and Goodman have already pulled back or delayed projects this year, and a regulatory hold on a project in one of the country’s most sparsely…
The survey has an uncomfortable mix for policymakers: demand and output are contracting, but input costs and selling prices are rising faster. Firms cited higher interest rates among the reasons for weaker orders, while the pricing data suggest inflation pressure in the goods sector is building rather than fading, which complicates any case for policy relief. The Middle East war is feeding…
Taken at face value, a thaw in US-Canada trade relations would support the Canadian dollar and trade-exposed Canadian equities, which have carried the cost of months of tit-for-tat tariffs. Markets are likely to discount the headline until there is text to read, though, because neither side has said what tariffs would change or when. The timing, two days before midterms in which tariffs on Canada…
China’s private-sector manufacturing PMI is due at 01:45 GMT on Monday (20:45 US Eastern on Sunday), with economists expecting factory activity to keep growing in October, though at a slower pace than in September. The RatingDog China General Manufacturing PMI, compiled by S&P Global, is forecast to ease to 51.6 from 52.1, according to a Reuters poll. That would still leave the index comfortably…
Trump says US, Canada have ’concept’ of a new trade deal
Exclusive-Australian outback data centre pulls timeline after regulator stalls
Australian lender Westpac’s full-year profit ticks higher
Because the data came out on a Saturday, Monday’s Asian session is the first chance for markets to price the miss. Softer Chinese factory demand is usually a headwind for industrial metals such as copper and iron ore, and for China-sensitive currencies including the yuan and the Australian dollar. Chinese equities may be partly cushioned by expectations of more policy support. For oil, a weaker…
As more governments put increasing pressure on tech companies to develop more sustainable data centres, to ensure they do not place a further burden on the grid, several tech firms are investing in developing new energy capacity and incorporating other innovative ideas into their facility development. This has led Google to suggest that the development of its new U.S. data centre in Minnesota,…
America is going to the polls, and the results will shape crypto legislation and regulation over the next two years. Here's what to know.
New Zealand’s two-speed economy poses election dilemma for ruling National party
The researchers say any approval an agent can reach is unreliable, and they built Countersign, an app tying approval to a physical action the agent can’t fake.
Azerbaijan, long known as a major oil and gas power, has ventured into renewable energy in recent years and is rapidly ramping up its capacity. As host of COP29, Azerbaijan’s government announced an ambitious climate target and encouraged other governments to do the same. Renewable energy contributed 20 per cent of Azerbaijan’s total electricity production in the first nine months of the year, an…
Raymond James cuts Oil States stock price target on guidance outlook
Providers are betting trading, lending and staking revenue can cover rewards and turn card users into profitable customers.
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