India Stocks Shine as Foreigners Seek Defense Against AI Storm
A stronger macro backdrop and optimism ahead of the earnings season are adding to the appeal.
A stronger macro backdrop and optimism ahead of the earnings season are adding to the appeal.
Goldman Sachs Group Inc. sees the yen weakening to 165 per dollar in a year’s time, driven in part by Japan’s interest rate differentials with the US.
Pakistan bought a liquefied natural gas shipment for delivery later this week, as exports from main supplier Qatar through the Strait of Hormuz remain constrained.
China’s decision to renew import licenses for hundreds of US meat plants is yet to revive the beef trade, but the odds of more shipments in the second half of the year are improving.
SK Hynix Inc.’s $29 billion US stock-market listing may help the company compete in the global stock market for memory chips used in AI computing. Bloomberg’s Sangmi Cha breaks down the strategy. (Source: Bloomberg)
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Western navies continue to say that the threat risk in the Strait of Hormuz is substantial and that the center of the strait has been mined, as ships try to avoid the attentions of Iran’s military. Bloomberg’s Michael Heath reports. (Source: Bloomberg)
Indian lenders are pulling back short-term debt sales as the central bank’s recent push to attract foreign-currency deposits has opened up a cheaper and more durable source of funding.