Month: August 2024

Trader’s worry: Digital trading can distort prices linked to deals in physical metals, some say. | Photo Credit: Reuters The future of ring trading on the London Metal Exchange looks assured for now after almost all the firms involved told Reuters they remained committed to open-outcry trading at one of the last venues to still…

Read More “London Metal Exchange open-outcry trade lives on as SocGen quit sparks no rush” »

Bright spot: Asia’s semiconductor firms benefit from the boom in generative artificial intelligence. | Photo Credit: Reuters A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region’s semiconductor firms benefit from the boom in generative artificial intelligence. Also helped by robust second-quarter results across…

Read More “Asian firms’ earnings outlook improves as chip sector shines” »

Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite, analysts and sources say. The rare opportunity for foreign banks to take controlling stakes in a market dominated by…

Read More “Foreign lenders lured by stake sales in Indian banks, but tighter rules weigh” »