MURALIKUMAR ANANTHARAMAN
Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda
Anthropic has signed a cloud-computing deal worth $35 billion with Lambda, a cloud provider backed by Nvidia, for a Texas data centre. The project is being developed in Nueces County by crypto-mining-turned-AI data centre company Hut 8 and covers a capacity of about 350 megawatts.
Hyundai Motor to unveil multi-billion-dollar investment in South Korea, source says
Hyundai Motor Group is reportedly planning a multi-billion-dollar investment in South Korea's west coast, focusing on robotics, an AI data center, and hydrogen infrastructure. This move aligns with the group's broader strategy to expand into artificial intelligence for autonomous driving and robotics, building on previous commitments and recent deals with Nvidia.
Four earthquakes strike northwestern Venezuela, USGS says
Northwestern Venezuela experienced four earthquakes late Wednesday and early Thursday. The U.S. Geological Survey reported magnitudes ranging from 4.9 to 6.3. The tremors centered near Mene Grande in Zulia state. They occurred at shallow depths. No immediate casualties or significant damage were reported. Zulia state, an oil-rich region, borders Colombia and the Gulf of Venezuela.
Crude edges higher on supply concerns as shipping disruptions continue
Brent crude futures rose 16 cents, or 0.2%, to $82.69 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures (WTI) climbed 15 cents, or 0.2%, to $77.73 a barrel.
Taiwan reports another Chinese 'combat readiness patrol' nearby
Taiwan's defence ministry detected 14 Chinese aircraft operating around Taiwan and conducting joint combat readiness patrols with Chinese warships. China, which views Taiwan as its own territory, has sent warplanes and warships to assert sovereignty claims that the Taipei government rejects. Nine of these aircraft crossed the Taiwan Strait's median line, working with Chinese warships for joint patrols.
India likely to restrict sugar exports after poor monsoon rains
According to ET Now sources, the export curb is due to poor seasonal monsoon rainfall which is vital for India's $3 trillion economy. It brings nearly 70 per cent of the rain the country needs to water crops and replenish reservoirs and aquifers, reported Reuters.
Dollar shines as oil surge spooks investors
Dollar/yen hit 149.71 on Wednesday and traded at 149.40 on Thursday in Asia. The euro dropped 0.7% to a nine-month low of $1.0488 on Wednesday and last bought $1.0511. It is down more than 3% in September to eye its largest monthly fall on the dollar since April 2022.
KKR to acquire stake in SingTel's regional data centre unit for $807 million
The deal comes amid growing global investors' demand for infrastructure assets across Southeast Asia, lured by the region's growth prospects and the sector's stable and long-term returns.
Oil prices steady as rate hike fears offset signs of tightening supply
That comes as top oil exporters Saudi Arabia and Russia announced a fresh round of output cuts for August. The total cuts now stand at more than five million barrels per day (bpd), equating to 5% of global oil output.
At least three drones intercepted near Moscow
Two drones were shot down near the village of Valuevo, the RIA news agency reported. The village is about 30 km (19 miles) southwest of the Kremlin. One was in the Kaluga region, which borders the Moscow region. Another drone was shot down in the area of the town of Kubinka, some 63 km (40 miles) west of Moscow, RIA reported. A Russian air base is near Kubinka.
Yen under pressure; Australian dollar slides as inflation slows
The yen remains under pressure against other major currencies, despite the possibility of Japanese authorities intervening to support it. The Australian dollar also dropped after inflation data showed a slowdown in May. Market expectations of the Bank of Japan maintaining ultra-low interest rates while other central banks tighten monetary policy have weighed on the yen. The dollar reached a seven-month high against the yen, while the euro climbed to a 15-year high. The Australian and New Zealand dollars also experienced falls. Traders are also monitoring the European Central Bank's conference for insight into future rate hikes.
Swiss regulator says two banks' crisis plans are insufficient
It said "ZKB has not yet built up the required capital in full" and that "PostFinance must realign its emergency planning." The assessment released by FINMA gauged the emergency plans of Switzerland's main banks as they stood at the end of 2022. It does not therefore take into account Credit Suisse's merger with UBS.
Alibaba Cloud cuts prices by up to 50% for core, storage products
According to Alibaba Cloud's website, prices for elastic computing services - the ability to quickly expand or decrease processing - using Arm and Intel-based chips will drop by 15% to 20%, while services using Nvidia's V100 and T4 graphics processing units will drop between 41% to 47%.
Pakistan contests Moody's ratings downgrade, says can meet its obligations
Moody's cut Pakistan's sovereign credit rating on Thursday by one notch to Caa1 from B3, citing increased government liquidity and external vulnerability risks, following the devastating floods that hit the country earlier this year.
China Evergrande faces winding-up lawsuit in Hong Kong
Evergrande in a filing at the time said the appointment of receivers and potential sale of relevant secured assets "would not have material impact on the operations or financial position of the group, nor affect the group's ongoing debt restructuring exercise".
Masks at Tokyo medal ceremonies 'a must have,' says International Olympic Committee spokesman
Masks are mandatory across all Olympic venues, both inside and outside for all athletes, staff and media, as part of Games organisers' strict measures to combat the coronavirus.
PUBG maker Krafton's $5 billion IPO could be delayed by up to a fortnight
The delay of the initial public offering (IPO), set to be South Korea's biggest ever, could be for up to a fortnight as a result of the regulatory review, according to two people with direct knowledge of the matter.
ByteDance founder tells staff he's shifting away from CEO's daily work - sources
In May, Zhang unexpectedly announced that he will step down as CEO of the TikTok owner amid Chinese' regulators' tightened scrutiny of the country's biggest technology firms.
COVID-19: India reports 62,224 fresh cases, 2,542 new fatalities
The active cases further declined to 8,65,432 comprising 2.92 per cent of the total infections, while the national COVID-19 recovery rate has improved to 95.80 per cent.
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