US Dollar Spot - CybAI news

19 Aug

South Africa’s MTN Has First Loss in Eight Years on Naira Slump

stp2y0 CommentsRAG modelsafrica, Earnings, Government, MTN GROUP LTD, nigeria, Nigeria Naira Spot, South Africa, South Sudan, Technology, US Dollar Spot, Wireless

MTN Group Ltd., Africa’s biggest wireless carrier by revenue, posted its first loss since 2016 after the devaluation of the Nigerian naira crimped income from one of its key markets.The group reported a loss of 7.39 billion rand ($414.7 million) in the six months through June, compared with 4.14 billion rand profit a year earlier. The loss is MTN’s first since it had to pay a more than $1 billion fine imposed on the company by the Nigerian government. Source link lol

18 Aug

Political Turmoil Threatens Baht Resurgence as Traders Await BOT

stp2y0 CommentsRAG modelsCREDIT AGRICOLE SA, Currency, Emerging Markets, Interest Rates, JULY SARL/CAEN, policy, Technology, Thai Baht Spot, Thailand, Tourism, US Dollar Spot

The Thai baht’s recent rally is under threat as markets digest the nation’s latest political drama ahead of this week’s central bank policy meeting.The baht has been one of the region’s top performing currencies since the start of July - aided partly by a reboundBloomberg Terminal in tourism - after hitting a near two-year low against the dollar in May. The resurgence may be derailed however, following a tumultuous period that included Paetongtarn Shinawatra winning a parliamentary vote to become the new prime minister, while a court ousted her predecessor. Source link lol

16 Aug

Tech Rally Propels Emerging Stocks To Best Week in Four Months

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Asia, Bonds, Currency, Emerging Markets, SAMSUNG ELECTRONICS CO LTD, South Africa, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology, US Dollar Spot

Emerging-market stocks rallied on Friday, driven by tech companies in Asia, following US data which boosted investor optimism that the world’s biggest economy will avoid a recession. The MSCI gauge for developing world stocks climbed as much as 1.6%, extending their weekly gains to 2.8%, on track for the biggest since April. Taiwan Semiconductor Manufacturing Company, Samsung Electronics Co and Alibaba Group Holding are the biggest contributors to the rally. Source link lol

14 Aug

In Taiwan, Artificial-Intelligence Fundraising Survives Market Maelstrom

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, Asia, Bonds, Equity Capital Markets, Hedge Funds, QUANTA COMPUTER INC, taiwan, Technology, UBS GROUP AG-REG, US Dollar Spot

A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments. Source link lol

12 Aug

Veon to Delist From Amsterdam Due to Volume and Costs, CEO Says

stp2y0 CommentsRAG modelsAmsterdam, environment, europe, Kaan Terzioglu, london, Moscow, regulation, russia, Technology, TP, US Dollar Spot

Telecommunications company Veon Ltd is delistingBloomberg Terminal from the Amsterdam stock exchange due to low liquidity for the stock in Europe and regulatory costs, according to its chief executive.The Nasdaq-listed firm announced its plan to delist from Euronext Amsterdam earlier this month. It hasn’t made a decision on whether it will shift its Amsterdam headquarters after the move, Kaan Terzioglu said in an interview. Source link lol

07 Aug

Lumen Technologies Debt Rallies After Stock Jump, AI Demand

stp2y0 CommentsRAG modelsartificial intelligence, Bonds, Cash Flow, Debt, Earnings, finance, LUMEN TECHNOLOGIES INC, Markets, Technology, Telecommunication Services, US Dollar Spot

Lumen Technologies Inc. debt rallied alongside a meteoric rise in the company’s stock after it announced higher demand for its services as a result of the artificial intelligence boom. The telecommunications company’s 4% bond maturing in 2027 rose 7.5 points on Tuesday to 72 cents on the dollar, according to Trace bond trading data. Notes tied to its Level 3 unit due 2028 jumped 10.5 points to 67.5 cents on the dollar the same day. Source link lol