Business

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Samsung Chip Profit Misses Estimates Lifted by Resurgent AI Hope

Samsung Electronics Co.’s semiconductor division’s 15-fold surge in profit just missed estimates, tempering resurgent enthusiasm for bets on the artificial intelligence infrastructure build-out.

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Australia's corporate regulator probing failed $5 billion Firmus IPO

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Samsung posts record profit in Q3 on AI chip boom

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Shapoorji Seeks to Raise Up to $200 Million to Repay Debt

Shapoorji Pallonji Group is looking to raise $150 million to $200 million, according to people familiar with the matter, as the Indian conglomerate faces mounting debt obligations.

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Gold Holds Near US$4,055 as Fed Stays Split | Gold & Silver, Oct 28

Gold held near US$4,055 an ounce on Wednesday as the Fed held rates in a 10 to 2 vote; silver slipped 0.86% to US$53.92 and gold miners gained 0.91%. The post Gold Holds Near US$4,055 as Fed Stays Split | Gold & Silver, Oct 28 appeared…

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Wheat Fund Falls 1.03% as Soy Fund Slips 0.76% | Grains, Oct 28

The WEAT wheat fund fell 1.03% and the SOYB soybean fund 0.76% on Wednesday, while ADM lost 1.24% and Bunge 0.55%; corn was nearly flat. The post Wheat Fund Falls 1.03% as Soy Fund Slips 0.76% | Grains, Oct 28 appeared first on The Rio…

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Oil Fund Rises 1.64% as Petrobras Slips 1.21% | Oil, Oct 28

Oil rose about 2% on Wednesday as US crude stocks fell 1.89 million barrels; the USO fund gained 1.64% and Ecopetrol 2.26%, while Petrobras slipped 1.21%. The post Oil Fund Rises 1.64% as Petrobras Slips 1.21% | Oil, Oct 28 appeared first…

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Steel Fund Dips 0.12% as Gerdau Falls 3.01% | Steel, Oct 28

Brazil’s Gerdau fell 3.01% and CSN 7.55% in New York on Wednesday, while the SLX steel fund dipped 0.12% and Nucor and Steel Dynamics rose. The post Steel Fund Dips 0.12% as Gerdau Falls 3.01% | Steel, Oct 28 appeared first on The Rio…

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Zinc Miner Nexa Falls 1.09% as Teck Gains 1.22% | Zinc, Oct 28

Nexa Resources, a Peru and Brazil zinc miner, fell 1.09% to US$11.82 on Wednesday while Teck Resources gained 1.22% to US$63.04 in New York. The post Zinc Miner Nexa Falls 1.09% as Teck Gains 1.22% | Zinc, Oct 28 appeared first on The Rio…

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Vale Falls 3.12% as Rio Tinto Gains 0.22% | Iron Ore, Oct 28

Vale’s New York shares fell 3.12% to US$11.47 on Wednesday as Brazil’s stock market dropped 2.68%, while Rio Tinto gained 0.22% to US$85.93. The post Vale Falls 3.12% as Rio Tinto Gains 0.22% | Iron Ore, Oct 28 appeared first on The Rio…

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Lithium Fund Edges Up 0.10% as Albemarle Falls 2.02% | Lithium, Oct 28

The LIT lithium fund edged up 0.10% to US$62.69 on Wednesday, but Albemarle fell 2.02% and Chile’s SQM dropped 2.26% in New York trading. The post Lithium Fund Edges Up 0.10% as Albemarle Falls 2.02% | Lithium, Oct 28 appeared first on The…

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Copper Fund Rises 0.70% as Freeport Gains 0.99% | Copper, Oct 28

Copper’s CPER fund rose 0.70% to US$40.33 on Wednesday as Freeport-McMoRan gained 0.99% and Southern Copper slipped 0.27% after the Fed hold. The post Copper Fund Rises 0.70% as Freeport Gains 0.99% | Copper, Oct 28 appeared first on The…