Sunday, September 8, 2024

4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings

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Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000 people....

Dow Futures Trade Lower As Tech Earnings Disappoint, Apple Sheds 2.8%

Dow Futures
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U.S. stock futures were trading lower during Thursday's evening deals, after major benchmark averages finished mixed as investors grew cautious after a slew of mixed earnings reports. By 6:35pm ET (11:40pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures fell 0.6% and...

China Hotel, Catering Job Openings Surge On PAost-COVID Demand Recovery – Survey

China Hotel
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Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing's zero-COVID protocols, with a survey by a leading recruiter showing a surge in job openings in the hospitality industry. During the first six days of...

Non-power coal users claim supply shortage; government denies it

Non-power coal users claim supply shortage; government denies it
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India's aluminium smelters, textile mills, sponge iron and fertiliser-makers say they face a coal shortage as power generators take the bulk of supplies. India's top miner Coal India Ltd, which accounts for more than 80% of India's production of the fuel, and the federal coal...

Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll

Taiwan Exports
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Taiwan's exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll. Taiwan, a global hub...

Asia FX Muted, Dollar Steadies As Fed Meeting Looms

Asia FX muted
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Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains...

Will biometric cards change the way benefits are dispensed?

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Humanity’s evolving nature has propelled it up the food chain, from prey to planetary predator. Just 60,000 years ago, homo sapiens roamed the earth, insignificant and insecure, their existence of little consequence. Life, as Thomas Hobbes put it, was ‘nasty, brutish, and short’. Fast...

GST revenue jumps 33% year-on-year to over Rs 1.16 lakh crore in July

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The Finance Ministry on Sunday (August 1) announced that the Goods and Services Tax revenue for July 2021 stood at more than Rs 1.16 lakh crore. The collection in the period under review is 33% higher than the collection in the same month last...

Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery

Oil prices creep
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Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, although markets were still nursing steep weekly losses on fears of tighter U.S. monetary policy. International Energy Agency head Fatih Birol reiterated the agency’s...

Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation

ASIAN FX
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Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over...