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US Treasury yields slip as AI concerns boost safe haven demand ahead of 20 year auction

US Treasury yields slipped on Wednesday as investors weighed the impact of higher borrowing costs on AI related stocks, while the market awaited a $13 billion auction of 20 year bonds later in the day, according to a Reuters report.The move came as recent swings in AI stocks continued to influence the bond market. Concerns over the heavy spending needed to build AI infrastructure have raised questions about how higher interest rates could affect companies such as CoreWeave. When those concerns weigh on equities, investors have at times shifted towards Treasuries, pushing yields lower.The benchmark 10 year Treasury yield fell 1.5 basis points to 5.102%, putting it on track for a second consecutive daily decline. The 30 year yield slipped 1.2 basis points to 5.413%, while the 2 year yield declined 0.9 basis point to 4.778%.AI volatility keeps bond investors alertUS stocks were slightly higher on Wednesday, helped by a surge in SpaceX shares after its quarterly results eased some concerns...

Copper stays range bound as US tariff uncertainty, oil inflation risks weigh

Copper prices remained stuck in a narrow range on Tuesday, with uncertainty over potential US import tariffs and concerns that higher oil prices could fuel inflation keeping traders cautious, Reuters reported.Three month copper on the London Metal Exchange was up 0.1% at $14,353 a metric ton by 0955 GMT, marking a third straight session of tight trading.The metal has gained 55% since Donald Trump returned to the US presidency in January 2025, even as global demand fell 0.5% to 27 million metric tons, Panmure Liberum analyst Tom Price said in a note.China demand offers supportA shortage of copper scrap in China was providing another source of support. Goldman Sachs said the shortfall was increasing China's need for refined copper through domestic inventory drawdowns, while the US continued importing metal and building stocks ahead of possible tariffs.The Yangshan copper premium, a key gauge of China's demand for imported copper, climbed 0.7% to $138 a ton, its highest level in a...

Asia’s resilience masks a growing jobs challenge

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Bajaj Finance Q2 Results: Net profit jumps 29% YoY to Rs 6,367 crore, NII up 24%

Bajaj Finance reported a 29% year-on-year increase in net profit to Rs 6,367 crore in the September quarter, compared with Rs 4,948 crore a year earlier.Net interest income rose 24% to Rs 13,335 crore from Rs 10,785 crore in the year-ago quarter. Net total income increased 23% to Rs 15,974 crore from Rs 12,982 crore.Assets under management grew 26% year-on-year to Rs 5.85 lakh croreas of September 30, 2026, from Rs 4.62 lakh crore a year earlier. AUM increased by Rs 37,680 crore during the quarter.The non-banking financial company booked 13.45 million new loans in the quarter, up 11% from 12.17 million in the corresponding period last year. Its customer franchise grew 16% year-on-year to 128.85 million as of September 30, adding 4.42 million customers during the quarter.Profit before tax rose 29% to Rs 8,537 crore from Rs 6,608 crore in the year-ago quarter. Excluding a prudent management and macroeconomic provision of Rs 337 crore, profit before tax grew 34% to Rs 8,874 crore. Net pro...

Engie plans to invest €3 billion in India by 2030

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Ahmedabad to get a major Vande Bharat repair hub

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