Finance

AI Mania Resumes, With Nvidia Outlook Saving Broader Market

The company gave revenue guidance for the current period that beat Wall Street’s lofty expectations, signaling demand remains solid for the hardware behind what purports to herald a revolution in productivity — and profitability. Nvidia, the fourth-biggest component of the Nasdaq 100, with a 5% weighting, rallied 8% in post-market New York trading. Nvidia competitors […]

Finance

Bain Capital’s Tech Venture Arm Is Steering Clear of AI Startups

“I think that’s earlier stage, more risky venture capital,” Bain Capital Tech Opportunities partner Darren Abrahamson said. “We were born to sit in between our venture effort and our large-cap private equity effort, and sort of fill that gap for later-stage companies.” The fund focuses on four primary verticals: application software, infrastructure and cybersecurity, fintech […]

Finance

Airbus says Qantas A350-1000 delivery delays due to need to redesign fuel tank

Airbus faces delays on introducing an ultra-long-range version of its A350-1000 jet designed for Qantas Airways non-stop Sydney-London flights because the regulator has asked it to redesign an extra fuel tank, a senior executive said. “The regulator has asked us to redesign the centre tank on the ultra-long-range airplane for Sunrise,” Christian Scherer, the CEO […]

Finance

Vietnamese budget carrier VietJet agrees to provisional deal for 20 Airbus A330neo jets

Vietnamese budget carrier VietJet on Thursday said it had agreed to a provisional deal to order 20 A330neo wide-body airliners from Europe’s Airbus as the airline grows its long-haul route network. The multi-billion-dollar commitment, which confirmed an earlier report by Reuters, was announced at the Singapore Airshow, making it one of the biggest deals so […]

Finance

Investors Ratchet Up Bets for Thai Rate Cuts on GDP Weakness

Prime Minister Srettha Thavisin has escalated calls for the Bank of Thailand to trim rates in an off-cycle decision following surprise weakness in fourth-quarter growth. While the push goes against Economics 101 that monetary-policy making should be independent, the country’s deflationary streak had already given rise to bets that a rate cut is on its […]

Finance

Nikkei breaks all-time closing high in intraday trade as Nvidia drives chips rally

TOKYO (Reuters) -Japan’s Nikkei share average on Thursday surged past an all-time closing high scaled in December 1989 during intraday trade, as chip-related stocks jumped after U.S. chipmaker Nvidia’s outlook beat market expectations. In the morning session, the Nikkei rose to a high of 38,924.88, crossing the record close of 38,915,87 set on the final […]