AFP Asia Business
US stocks finish mixed as Fed cuts rates for first time in 2025
US stocks finished mixed Wednesday while the dollar moved higher as markets digested the Federal Reserve cutting interest rates for the first time in 2025 and signaling it could enact two more cuts this year.The moves largely corresponded to market expectations and follow recent economic reports showing weaker job growth that Fed Chair Jerome Powell …
US stocks finish mixed as Fed cuts rates for first time in 2025 Read More »
Nvidia CEO disappointed over China chip ban report
Nvidia chief executive Jensen Huang on Wednesday said he was disappointed by a report that Beijing has barred major Chinese tech companies from buying his company’s world-leading chips, a crucial component in the generative AI revolution.California-based Nvidia’s specially designed chips have catapulted the company to become the world’s biggest by market capitalisation, with China seen …
Nvidia CEO disappointed over China chip ban report Read More »
EU says India’s Russian oil purchases, military drills hinder closer ties
India’s participation in military exercises with Moscow and its purchases of Russian oil “stand in the way of closer ties” with the EU, the bloc’s top diplomat Kaja Kallas said on Wednesday.”Ultimately, our partnership is not only about trade, but also about defending the rules-based international order,” Kallas said, as she announced the bloc’s strategy …
EU says India’s Russian oil purchases, military drills hinder closer ties Read More »