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Oracle knocks stocks as Fed's message weighs on dollar

Oracle knocks stocks as Fed's message weighs on dollar

By Tom Westbrook HONG KONG, Dec 11 (Reuters) - Stocks wobbled around Asia on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the Federal Reserve cut U.S. interest rates.

ECB proposes simpler bank regulation but rejects calls for lower buffers

ECB proposes simpler bank regulation but rejects calls for lower buffers

By Balazs Koranyi FRANKFURT, Dec 11 (Reuters) - The European Central Bank proposed a simplification of bank regulation on Thursday, looking to prune a complex rulebook put in place after the global financial crisis without easing the overall regulatory burden.

Bullish views rise on most Asia currencies, Indian rupee shorts spike: Reuters poll

Bullish views rise on most Asia currencies, Indian rupee shorts spike: Reuters poll

By Sneha Kumar Dec 11 (Reuters) - Analysts ramped up long bets on most Asian currencies on stronger growth prospects and weakness in the greenback, a Reuters poll showed on Thursday, while short positions on the Indian rupee surged to a 10-month high.

Wall Street is close to setting record highs, even as Oracle tumbles on AI worries

Wall Street is close to setting record highs, even as Oracle tumbles on AI worries

Wall Street is rising toward records, even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weigh on the market

Wall Street rises closer to its all-time high after the Fed cuts rates, as expected

Wall Street rises closer to its all-time high after the Fed cuts rates, as expected

The U.S. stock market is rising closer to its all-time high after the Federal Reserve cut its main interest rate to bolster the job market, just like nearly everyone on Wall Street expected

The US stock market hits record highs, even as worries about an AI bubble continue

The US stock market hits record highs, even as worries about an AI bubble continue

Wall Street set records, even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weighed on the market

World Ovarian Cancer Coalition Publishes Study Highlighting Disparities in Low- and Middle-Income Countries

World Ovarian Cancer Coalition Publishes Study Highlighting Disparities in Low- and Middle-Income Countries

The World Ovarian Cancer Coalition has published a comprehensive study in The Lancet Obstetrics, Gynaecology, & Women’s Health, focusing on the experiences of women with ovarian cancer in 22 low- and middle-income countries (LMICs). This study, known as the Every Woman Study™ LMIC, is the first of its kind to capture the lived experiences of women in these regions, where 70% of ovarian cancer diagnoses occur. The research involved 2,446 women from 82 hospitals across Africa, Asia, and Central and South America. Key findings reveal significant gaps in awareness, financial impact, and symptom recognition. Only one in four women had prior knowledge of ovarian cancer, and many faced financial hardships due to the disease. The study calls for immediate action from governments and health systems to address these disparities.

U.S. Forces Seize Oil Tanker Off Venezuela Coast Amid Sanctions

U.S. Forces Seize Oil Tanker Off Venezuela Coast Amid Sanctions

U.S. forces have seized an oil tanker named The Skipper off the coast of Venezuela. The vessel, previously known as the Adisa, was sanctioned by the U.S. in 2022 for facilitating oil trades for Hezbollah and Iran’s Islamic Revolutionary Guard Corps-Quds Force. The tanker was carrying Venezuelan crude oil destined for Cuba, with an ultimate destination in Asia, brokered through Cuban sellers. Satellite imagery showed the Skipper docked near the Venezuelan city of Barcelona, while its transponder falsely indicated a location off the coast of Guyana. The ship was flying a Guyana flag, despite not being registered there. Prior to its seizure, the Skipper had docked in Egypt, the UAE, and Hong Kong, and was noted to have loitered off Iran’s coast.

Wall Street sets record highs even as Oracle tumbles on AI worries

Wall Street sets record highs even as Oracle tumbles on AI worries

Wall Street rose to more records even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weighed on the market

A sell-off for Oracle weighs on Wall Street even as Dow jumps 400 points

A sell-off for Oracle weighs on Wall Street even as Dow jumps 400 points

A sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off

Broadcom and tech stocks fall, but the rest of Wall Street picks up some of the slack

Broadcom and tech stocks fall, but the rest of Wall Street picks up some of the slack

Broadcom is leading artificial-intelligence stocks lower, but other areas of the market that used to get left behind by Big Tech are picking up some of the slack

Asian equities see biggest foreign outflows in nearly six years on tech valuation fears

Asian equities see biggest foreign outflows in nearly six years on tech valuation fears

By Gaurav Dogra Dec 11 (Reuters) - Asian equities witnessed their largest monthly foreign outflows in nearly six years in November, driven by a selloff in high-flying technology stocks as concerns over stretched valuations prompted investors to cut exposure.