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[ad_1] To capitalise on its potential, India needs to develop a coherent plan that utilises its competitive advantages and is cognisant of its significant constraints. [ad_2] Source link

[ad_1] By Colleen Howe BEIJING (Reuters) -Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing’s economic stimulus plans stoked fears about demand. futures were down $1.26, or 1.59%, at $77.78 per barrel by 0020 GMT, and U.S. West Texas Intermediate crude futures fell $1.20, or 1.59%, to $74.36 per barrel. The negative news from China outweighed market concerns over the lingering possibility an Israeli response to Iran’s Oct. 1 missile attack could disrupt oil production, though the U.S. has cautioned…

[ad_1] Why Charlie Munger Compared “Get Rich Quick” Investment Gurus To Heroin DealersBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Charlie Munger is rightly remembered as one of the most prominent and successful investors of the last 100 years. Munger’s investor meetings were as famous for his wisdom as for his no-holds-barred approach to dismantling myths about making money. One example of this is when he took “get-rich-quick” investment advisors to task by comparing them to heroin dealers.Munger made the comments in 2019 at a Daily Journal shareholders meeting when discussing the…

[ad_1] By Ben Blanchard and Faith HungTAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40% leap in third-quarter profit on Thursday thanks to soaring demand.The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from the surge towards AI.TSMC is set to report a net profit of T$298.2 billion ($9.27 billion) for the quarter ended Sept. 30, according to a LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.That estimate compares to…

[ad_1] By Xinghui Kok and Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s central bank on Monday left its monetary policy settings unchanged, as expected, as data showed the economy picked up pace in the third quarter. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate, or S$NEER. The width and the level at which the band is centred would also be maintained, the MAS said. “The risks to Singapore’s inflation outlook are more balanced compared to three months ago,” MAS said in…

[ad_1] Something different happened Friday – so different that it took my breath away. The first Friday of earnings season has recently been such a jumble of tension that we had forgotten what it’s like to have multiple big quarters reported in the morning. But that was exactly what we got. It was surreal. BlackRock reported early, and it was solid per usual. We had CEO Larry Fink on CNBC’s “Squawk on the Street.” It took me about 8 minutes to get up to speed, given that BlackRock is an asset management story. And, the assets? They aren’t dripping in.…

[ad_1] Investing.com– U.S. stock index futures fell slightly in evening deals on Sunday as investors hunkered down before the third-quarter earnings season picked this week, while anticipation of more cues on interest rates also weighed.  Futures were muted after Wall Street rose to record highs on Friday as positive earnings from major banks helped investors look past questions over whether the Federal Reserve will cut interest rates in November.  A slew of Fed speakers are set to provide more cues on interest rates this week, while some economic data is also expected to factor into the outlook.  fell 0.1% to…

[ad_1] By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets. As the trading week begins in Asia, Chinese stocks are coming off several days of retrenchment while U.S. equities keep churning higher. Wall Street’s main indexes ended with gains on Friday. The benchmark S&P 500 stood at … [ad_2] Source link

[ad_1] Taipei, Taiwan, Oct. 14, 2024 (GLOBE NEWSWIRE) — Committed to building a “green energy-driven, AI-native decentralized infrastructure,” the innovative platform Zen42.ai has officially joined Mobii Green Energy’s New Zealand Green HI-City project. Led by Mobii Green Energy Group and New Zealand’s North Rakaia Power Company, the project aims to establish the world’s first green hydrogen-powered data center, setting a new global standard for sustainable AI infrastructure. The cooperation agreement was signed by Chairman Kenny Tseng and Founder Yali Li, witnessed by Selwyn Mayor Sam Broughton, along with representatives from Supermicro and Zen42.ai. The Green HI-City project expects to raise…

[ad_1] Investing.com– Chinese consumer inflation unexpectedly eased in September as private spending remained weak, while a decline in producer inflation worsened, highlighting the need for more stimulus measures in the country.  inflation grew 0.4% year-on-year in September, government data showed over the weekend. The reading was slower than expectations it would remain steady from the 0.6% seen in the prior month.  Month-on-month was flat, missing expectations for growth of 0.4%.  The reading highlighted continued weakness in personal consumption, as worsening economic conditions in the country kept domestic demand under pressure. Excessive domestic investment has also kept a deflationary trend largely…