Jun 4, 2024 | Markets
Rising imports were offset by higher exports and inventories Household savings slid to 0.9% from downwardly revised 1.6% Australia’s economy all-but stalled in the first three months of the year as elevated interest rates and cost of living pressures weighed heavily...
Jun 4, 2024 | Markets
Alliance to unwind production cutbacks from the fourth quarter Demand concerns, signs of ample supplies add to declines Oil fell to the lowest in about four months after OPEC+’s plan to loosen its production curbs this year deepened the market’s bearish sentiment. The...
Jun 4, 2024 | Markets
Company is seeking ‘secure and reliable’ AI services Cisco has already invested in Mistral AI and Scale AI Cisco Systems Inc. plans to invest $1 billion in startups that are working on what it calls “secure and reliable” artificial intelligence services, part of a...
Jun 4, 2024 | Markets
Strong wage growth risks slowing return of inflation to 2% Governing Council to lower rates by quarter-point on Thursday Strong economic data and vocal European Central Bank hawks are pushing some analysts and investors to waver in their expectations for interest-rate...
Jun 3, 2024 | Markets
Developer is counting on a rebound in sales to end cash woes Chinese authorities have stepped up measures to support market China Vanke Co.’s sales slump moderated in May, as a thaw in housing market sentiment boosted the state-backed developer that’s become a focus...
