Oil rises over 2% on low US crude draw, delay in OPEC+ output hike; Brent rebounds from 6% drop to hit $73/bbl

Oil rises over 2% on low US crude draw, delay in OPEC+ output hike; Brent rebounds from 6% drop to hit $73/bbl

International crude oil prices rebounded on Wednesday, October 30, rising more than two per cent after data showed US crude and gasoline inventories fell unexpectedly last week and on reports that the Organisation of Petroleum Exporting Countries (OPEC) will likely delay its planned oil output increase. After falling more than six per cent earlier in … Read more

Wall Street Week Ahead: Investors eye ECB policy verdict, US Presidential Election buzz, macro data, Q3 earnings

Wall Street Week Ahead: Investors eye ECB policy verdict, US Presidential Election buzz, macro data, Q3 earnings

Wall Street Week Ahead: The US consumer sentiment will come into the spotlight this week, with investors eyeing corporate earnings reports, retail sales data, and jobless claims reports to confirm further the economic resilience that has boosted equity markets this month. As earnings season kicks off, the benchmark S&P 500 is set to post its … Read more

Election-packed 2024: A look at what’s in store for world markets as countries line up election dates

Election-packed 2024: A look at what's in store for world markets as countries line up election dates

Voters in India, meanwhile, will cast ballots later this month, with self-styled strongman Narendra Modi expected to win a third term as prime minister in the world’s most populous country. Taiwan, Portugal, Russia and Turkey have already held elections. By year-end, countries accounting for over 60% of the world’s economic output and more than half … Read more

Google implements restrictions on Gemini AI’s election responses ahead of 2024 global polls: Here’s why

Google implements restrictions on Gemini AI's election responses ahead of 2024 global polls: Here's why

Google has announced that its AI chatbot Gemini will be restricted from answering questions about global elections scheduled for this year, citing concerns over potential missteps in the deployment of the technology. This move comes amidst growing worries surrounding misinformation and fake news fueled by advancements in generative AI. Gemini users querying about upcoming elections, … Read more