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Tencent sells dollar, dim sum bonds amid AI spending spree

Tencent sells dollar, dim sum bonds amid AI spending spree

By Yantoultra Ngui HONG KONG, Oct 13 (Reuters) - Tencent Holdings is selling US dollar and offshore Chinese yuan, or dim sum, bonds in a deal that could raise at least $4.5 billion as the Chinese technology giant seeks funding amid higher spending on artificial intelligence.
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Asian stocks hit 2-month low on AI jitters, bonds find favour

Asian stocks hit 2-month low on AI jitters, bonds find favour

By Ankur Banerjee SINGAPORE, Oct 13 (Reuters) - Asian stocks slid to a more than two-month low on Tuesday as a sharp selloff in chipmakers prompted a broader rethink of the AI trade amid heightened competition, driving investors toward the safety of government bonds.
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Analysis-'Brutal session' for chip stocks shows AI trade is turning

Analysis-'Brutal session' for chip stocks shows AI trade is turning

By Tom Westbrook SINGAPORE, Oct 13 (Reuters) - A selloff in AI supplier shares on Tuesday is the strongest sign to date that the mood on the trade of the decade is shifting, with worries rising interest rates could scupper a spending spree bigger than America's historic railroad boom.
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Shares shrug off oil swings as earnings season looms

Shares shrug off oil swings as earnings season looms

By Danilo Masoni MILAN, Oct 12 (Reuters) - European shares rose on Monday and US futures held broadly steady as investors looked past a rise in oil prices and focused on the start of earnings season and key US inflation data.
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Oil rallies, sending dollar higher on expectations of higher US rates

Oil rallies, sending dollar higher on expectations of higher US rates

By Sinéad Carew and Danilo Masoni NEW YORK/MILAN, Oct 12 (Reuters) - Oil prices climbed on Monday as attacks on Saudi Arabia overshadowed hopes for supply improvements, and expectations for higher US interest rates to fight inflation drove the dollar higher on a narrowly mixed day for global stocks.
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Asian stocks dive on AI jitters ahead of US bank earnings

Asian stocks dive on AI jitters ahead of US bank earnings

By Ankur Banerjee SINGAPORE, Oct 13 (Reuters) - Asian stocks fell sharply on Tuesday as investors fretted about the durability of the rally in AI shares and increased competition while a widening conflict in the Middle East soured risk sentiment ahead of the tone-setting US earnings season.
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Morning Bid: The fragile AI trade

Morning Bid: The fragile AI trade

Oct 13 (Reuters) - A look at the day ahead in European and global markets from Ankur Banerjee A steep rout in AI stocks on signs that China is swiftly closing the tech gap has cast a shadow over markets and brought to the fore the fragility of the AI trade as investors remain concerned about the
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Shares supported as oil retreats; focus turns to US CPI, earnings

Shares supported as oil retreats; focus turns to US CPI, earnings

By Danilo Masoni and Wayne Cole MILAN/SYDNEY, Oct 12 (Reuters) - European shares and US futures edged higher on Monday after a choppy session in Asia as oil prices retreated, while investors looked ahead to key US inflation data and the beginning of the earnings season.
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Asian stocks dive as focus on earnings, geopolitics

Asian stocks dive as focus on earnings, geopolitics

By Ankur Banerjee SINGAPORE, Oct 13 (Reuters) - Asian equities fell sharply on Tuesday led by technology shares as a widening conflict in the Middle East kept oil prices elevated, supporting the dollar ahead of an earnings season that will set the tone for the rest of the year. 
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Equities little changed as oil rallies while earnings, inflation loom

Equities little changed as oil rallies while earnings, inflation loom

By Sinéad Carew and Danilo Masoni NEW YORK/MILAN, Oct 12 (Reuters) - MSCI's global equities gauge was down slightly on Monday while the dollar advanced and oil prices climbed as attacks on Saudi Arabia overshadowed hopes for supply improvements after US President Donald Trump hailed fresh Russian
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Oil rally pressures S&P, Nasdaq; Microsoft, Salesforce buoy Dow

Oil rally pressures S&P, Nasdaq; Microsoft, Salesforce buoy Dow

By Ragini Mathur and Purvi Agarwal Oct 12 (Reuters) - US stock indexes were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week that could potentially steer the Fed's policy
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Jim Cramer makes major SpaceX call tied to Nvidia

Jim Cramer makes major SpaceX call tied to Nvidia

The CNBC host sees a major opportunity as Elon Musk expands SpaceX’s AI computing capacity.