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PT Medco Energi Internasional (USOTC:PTGIF) has reached an agreement with Eni (BIT:ENI) to acquire a 10% participating interest in four oil and gas blocks in Indonesia’s Kutai Basin, located in East Kalimantan. The agreement covers the Muara Bakau, Ganal, West Ganal and East Ganal blocks, according to an announcement by the Indonesian energy company on…

Intel (NASDAQ:INTC) Chief Executive Officer Lip-Bu Tan said on Monday that Chinese artificial intelligence models are gaining users rapidly, supported by lower operating costs and performance that meets the requirements of a range of applications. Speaking at a panel discussion organised by Singapore-based lender DBS, Tan said Chinese frontier AI models, including DeepSeek, Kimi and…

Broadcom (NASDAQ:AVGO) Chief Executive Officer Hock Tan said on Monday that access to capital is likely to become the biggest constraint on artificial intelligence development, as the technology industry works to overcome shortages of semiconductor wafers and memory chips. Speaking during a panel discussion in Singapore, Tan said the industry was making progress in addressing…

Gold prices fell on Monday as the US dollar strengthened, while investors assessed developments surrounding a proposed energy ceasefire between Russia and Ukraine, renewed attacks in the Middle East and the outlook for global inflation and interest rates. At 05:01 ET (09:01 GMT), spot gold (XAU/USD) declined 0.5% to $4,174.23 per ounce, while gold futures…

Oil prices fluctuated on Monday as investors assessed the prospect of additional Russian diesel supplies alongside renewed concerns about energy shipments following attacks in Saudi Arabia and the Strait of Hormuz. Brent crude futures recovered from earlier losses to trade 69 cents, or 0.7%, higher at $105.41 per barrel by 09:23 GMT. US West Texas…

Spending on luxury brands in the United States declined 6% year over year in September 2026, marking the largest monthly decrease of the third quarter, according to credit card transaction data published by Citi on Wednesday. The September decline followed decreases of 4% in both July and August, bringing the overall reduction in luxury spending…

U.S. corporate earnings are expected to increase substantially in the third quarter of 2026, with technology companies and businesses linked to artificial intelligence accounting for most of the projected growth, according to estimates compiled by LSEG. Analysts forecast that earnings among S&P 500 companies will rise approximately 31% year over year, with the technology sector…

UBS expects gold prices could retreat towards $4,000 per ounce in the near term as higher U.S. real yields and a stronger dollar weigh on the metal, although the bank anticipates that longer-term demand will provide support around that level. In a research note, UBS strategist Giovanni Staunovo identified rising real interest rates and dollar…

Barclays strategists expect the global equity market to face more restrictive financial conditions as the monetary easing cycle draws to a close, although they continue to see scope for European stocks to advance towards the end of 2026. In a research note, strategists led by Emmanuel Cau said the equity bull market is “arguably running…