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Mizuho Names Top Picks Across Americas Oil, Gas and Utilities Source link
Goldman Sachs has turned more bearish on the Japanese yen, saying that the currency is likely to weaken further against the U.S. dollar and a Japanese market intervention to support the currency will only have a temporary impact. The Wall Street bank raised its forecasts for the dollar-yen exchange rate to 162 in three months, 163 in six months and 165 in 12 months, from its earlier projections of 160, 158 and 155, respectively. That forecast comes as the yen fell to its weakest level against the dollar in four decades last week , keeping Japan’s Ministry of Finance focused…
Samsung likely to post 18-fold jump in profit on surging AI demand for memory Source link
Jensen Huang, chief executive officer of Nvidia Corp., speaks next to a Vera Rubin Ultra Kyber Compute Tray and a Vera Rubin Ultra Kyber NVLink MidPlane during a keynote address at the Nvidia GTC conference in San Jose, California, US, on Monday, March 16, 2026. Bloomberg | Bloomberg | Getty ImagesNVIDIA’s next marquee product — the Kyber rack-scale architecture designed to house its 2027 Rubin Ultra chips — has been delayed by more than 12 months to 2028, according to research firm SemiAnalysis, the latest in a string of reported setbacks raising questions about the AI giant’s product roadmap.Kyber is…
The U.S. dollar steadied near a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, while the yen remained pinned near a 40-year low, keeping investors nervous about what Tokyo might do next.Richard A. Brooks | Afp | Getty ImagesThe U.S. dollar steadied near a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, while the yen remained pinned near a 40-year low, keeping investors nervous about what Tokyo might do next.The euro was at $1.1435, not far from its strongest level in two weeks, while sterling last bought $1.3351.…
South Korea’s Lee urges speed in launching mega chip projects Source link
Police leadership is not consistently of a high enough standard and requires a fundamental overhaul, a landmark independent review has warned.The report by the Police Leadership Commission, published on Monday, found the system for identifying and developing leaders was too weak, with chief constable roles in England and Wales often attracting a single suitable candidate.It also pointed to low morale and motivation within the service, recommending reformed recruitment and promotion processes.Policing minister Sarah Jones said the recommendations would shape the government’s “programme of police reform to strengthen leadership, raise standards and restore confidence in policing”.Speaking ahead of its publication, co-author…
Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Zhang Fengguo | Xinhua News Agency | Getty ImagesOil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures slid 24 cents, or 0.33%, to $71.88 a barrel by 0010 GMT after settling 0.45% higher on Friday. U.S. West Texas Intermediate crude was at $68.58 a barrel,…
Record wave of IPO lock-up shares to hit Hong Kong market Source link
Overseas voters moving to the UK would be prevented from giving more than £100,000 in political donations for a year after their arrival, under new proposals.Ministers announced the planned restriction alongside tougher checks on company donations, which they believe will help stop foreign money from influencing UK elections.The government previously announced a £100,000 annual cap on donations from British citizens living overseas backdated to 25 March. They now want an individual to be based in the UK for a minimum amount of time before their donations can exceed this limit. The change could hit two of Reform UK’s biggest backers,…