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Markets and investing
Australia’s largest pension fund says it is focused on the infrastructure behind artificial intelligence, including chipmakers and hyperscaler data centres, as investors question whether AI earnings can justify high valuations.
Markets and investing
Gold traded steadily after rising 1.9% on Monday, as hopes for progress in US-Iran negotiations drove oil prices lower and eased concerns about accelerating inflation.
Markets and investing
Grab reported record third-quarter adjusted EBITDA of $237 million, up 73% year over year, as mobility, deliveries and financial services each posted a profit for the first time. The company raised its full-year adjusted EBITDA forecast to $790 million-$800 million.
Markets and investing
A rising stock market, record foreign reserves and better credit ratings point to a recovery, but high energy costs, inflation and renewed militancy continue to weigh on Pakistan’s outlook.