SYDNEY: Sales of Apple’s first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market just like the iPhone did for smartphones. The Duo’s reception could prove an early test for new CEO John Ternus, the former hardware chief who unveiled the phone barely a week after taking charge in September. It could also have large implications for a niche category in which rivals such as Samsung Electronics and Huawei Technologies have sold premium offerings for several years.
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SYDNEY: Sales of Apple’s first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market just like the iPhone did for smartphones.
The Duo’s reception could prove an early test for new CEO John Ternus, the former hardware chief who unveiled the phone barely a week after taking charge in September.
It could also have large implications for a niche category in which rivals such as Samsung Electronics and Huawei Technologies have sold premium offerings for several years.
Within minutes of pre-orders opening last…
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SYDNEY: Asian shares fell on Friday as concerns over the enormous funding needs of AI hammered tech and led to the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies.
Indian shares are set to open higher on Friday after three sessions of losses, though gains may prove fleeting due to a spike in oil prices on escalating Middle East tensions. GIFT Nifty futures were at 22,830.50 at 7:42 a.m. IST, indicating a positive start for the benchmark Nifty 50, which closed at 22,687.65 on Thursday.
SHANGHAI/SINGAPORE: The Japanese yen hit its strongest level in more than a month on Friday, buoyed by safe-haven flows due to a fresh bout of risk aversion that also sent US Treasury yields sharply lower, pushing the dollar to a nearly three-week trough.
Colombia's COLCAP stock index fell 1.25% to 2,528 on Thursday as Ecopetrol lost 1.64% and the peso weakened 0.52% to about 3,197 per US dollar. The post Colombia Stocks Fall 1.25% as Peso Slips | Colombia Market Report, Oct 22 appeared first on The Rio Times.
Argentina's Merval index fell 1.5% to 97,993 on Thursday as US tech shares dropped and the country-risk premium on its debt rose above 700 basis points. The post Argentina Stocks Fall 1.5% as Risk Rises | Argentina Market Report, Oct 22 appeared first on The Rio Times.
Chile's main stock index fell 1.88% to 10,780 on Thursday as copper slid and global shares sold off, while the peso weakened 0.46% to 986.2 per US dollar. The post Chile Stocks Fall 1.88% as Copper Slides | Chile Market Report, Oct 22 appeared first on The Rio Times.
Mexican stocks fell 1.25% to 69,370 on Thursday after mid-October inflation beat forecasts at 3.62%, cutting hopes of an early Banxico interest rate cut. The post Mexico Stocks Fall 1.25% on Hot Inflation | Mexico Market Report, Oct 22 appeared first on The Rio Times.
Brazil's main stock index fell 1.15% to 204,120 on Thursday as a tied runoff race and a global tech sell-off cut risk appetite three days before the vote. The post Brazil Stocks Fall 1.15% on Election Nerves | Brazil Market Report, Oct 22 appeared first on The Rio Times.
Soybeans edged up 0.15% on Thursday while corn fell 1.11% and wheat 1.08%, as US harvest pressure weighed on grain funds and Chicago futures. The post Soybean Fund Edges Up 0.15% as Corn Falls 1.11% | Grains, Oct 22 appeared first on The Rio Times.
Crude funds rose 1.70% on Thursday as Brent traded above US$112 a barrel, but Petrobras, Ecopetrol and YPF fell with the wider market. The post Oil Fund Gains 1.70% as Ecopetrol Falls 1.33% | Oil, Oct 22 appeared first on The Rio Times.
