Japan's underlying inflation measure accelerates to 3.2%
The September increase was the largest since October 2023, ahead of a BOJ meeting expected to leave interest rates at 1.25%.
Globe And Street: global business and finance news
Tech
OpenAI plans Google AI chip purchases, media report says
The ChatGPT maker previously began renting Google's chips. Financial terms of the planned purchases were not disclosed.
Companies
SK Hynix posts record quarterly profit, plans 100 trillion won in shareholder returns
Operating profit reached 83.3 trillion won, exceeding forecasts, as AI infrastructure demand pushed memory chip prices higher.
- WorldEU trade committee chair urges broader agreement with China
- MarketsStocks edge higher and oil falls as investors weigh Middle East diplomacy
- Economy & PolicyJapan's underlying inflation measure accelerates to 3.2%
- CompaniesSK Hynix posts record quarterly profit, plans 100 trillion won in shareholder returns
- IPO & DealsRe:Build lands $2.1 billion for manufacturing expansion and new startups
- Energy & CommoditiesOPEC+ likely to leave December output targets unchanged, sources say
- Crypto & Digital AssetsBank of Italy official urges lenders to invest amid digital uncertainty
- FinanceBank of America warns customers not to give AI agents their logins
- TechOpenAI plans Google AI chip purchases, media report says
EU trade committee chair urges broader agreement with China
Bernd Lange wants investment included in wider negotiations as European lawmakers prepare to visit China on October 27 to 29.
Stocks edge higher and oil falls as investors weigh Middle East diplomacy
Brent crude fell 1% to $114.74 a barrel, while investors awaited major technology companies’ earnings and decisions from three central banks.
South Korea's third-quarter growth beats forecast as chip demand lifts exports
The economy expanded 1.0% from the prior quarter, exceeding the Bank of Korea's 0.3% forecast, as exports and investment increased.
UPS chief puts data center logistics opportunity at $15 billion a year
Carol Tome sees demand lasting decades as UPS pursues higher-margin work and reshapes its delivery network.
Re:Build lands $2.1 billion for manufacturing expansion and new startups
General Catalyst and JPMorganChase’s Strategic Investment Group led the investment in the Massachusetts manufacturing accelerator.
OPEC+ likely to leave December output targets unchanged, sources say
No final decision has been made ahead of a seven-member meeting, while Gulf producers remain below quotas following disruptions from the Iran war.
Bank of Italy official urges lenders to invest amid digital uncertainty
Deputy Governor Chiara Scotti said banks should experiment on a small scale even as the eventual reach of tokenization remains unclear.
Bank of America warns customers not to give AI agents their logins
The bank says customers remain responsible for account activity resulting from access they grant to outside tools.
Google releases Genie 4 preview with sound and real-time world editing
Google says the model can sustain consistent scenes for up to two minutes, doubling its predecessor’s limit.