Nvidia Corp and Advanced Micro Devices Inc (AMD) have agreed to pay 15% of revenues from their Chinese artificial intelligence chip sales to the US government in exchange for export licenses, as per an FT report.The arrangement covers Nvidia’s H20 AI accelerator and AMD’s MI308 chip.The revenue-sharing deal is an…
Shares of State Bank of India (SBI) gained more than 2.2% during early trading on Monday after the country’s largest lender reported better-than-expected June quarter earnings. The stock opened at Rs 817.30 following the announcement of a 12% year-on-year increase in standalone net profit to Rs 19,160 crore in Q1FY26,…
Shares in Orsted sank more than 27% on Monday, nearing an all-time low, after the Danish renewable-energy group scrapped plans to sell a stake in a key US offshore wind project and announced a $9.4 billion rights issue to shore up its finances.The state-backed company said it would raise gross…
The global refining industry faces a pivotal moment, influenced by evolving regional demand, increasing sustainability demands, and growing energy security issues.Despite a reduction in the number of refineries, global refining capacity has increased to accommodate the growing volume of oil requiring processing, according to the latest Rystad Energy’s research.Global primary…
Platinum price is on track to record its first weekly gain after three weeks in the red, even as it enters into consolidation mode. After the recent corrective pullback that had it drop to a 5-week low, the precious metal has rebounded by over 5%.In the immediate term, platinum price…
The crypto market began the week on a strong note, with the Bitcoin price surging above $121,000 and the market capitalization of all coins reaching $4.05 trillion. This trend may continue as Bitcoin eyes its all-time high of $123,200. Here is a top forecast for some of the top token…
The crypto bull run has kicked off, with Bitcoin moving nearer to the all-time high of $123,200 and the market capitalization of the industry crossing the important resistance level at $123,200. Best altcoins to buy as crypto bull run startsThe ongoing Bitcoin price surge suggests that the broader cryptocurrency market may…
The AUD/USD exchange rate and the ASX 200 Indices held steady on Monday morning as traders waited for the upcoming Reserve Bank of Australia (RBA) interest rate decision. The ASX 200 was trading at $8,840, a few points below the all-time high of $8,860. On the other hand, the AUD/USD exchange…
XRP price rose slightly on Monday as sentiment in the crypto market improved and odds of a bull run jumped. Ripple token was trading at $3.2635, up sharply from this month’s low of $2.7290. This article explores the top reasons why Ripple price is on the cusp of more gains. XRP…
Rolls-Royce share price has been in a relentless bull run in the past few years, helped by the robust demand for its services and products in the civil aviation, defense, and power sectors. RR stock has also surged as management’s efforts to boost sales and reduce spending have been successful. All…