NEW YORK, Feb 22 (Reuters) - Global stock markets fell on Monday as expectations for faster growth and inflation battered bonds and boosted commodities, while rising fixed-income yields made equity valuations look more stretched in comparison.
The dollar slid against major currencies, slumping to multi-year lows against the British pound and the Australian dollar. Gold rose more than 1% to a near one-week high and copper prices shot above $9,000 a tonne for the first time since 2011.
Oil prices rose on a tight global supply outlook with U.S. production hammered by frigid weather and an approaching meeting of top crude producers expected to keep output largely reined in.
By Reuters Staff
3 Min Read
BENGALURU (Reuters) - Bharti Airtel Ltd said on Tuesday it will work with U.S. chipmaker Qualcomm for 5G services in India, as telecom firms in the world’s second-largest wireless market gear up to usher in the latest generation of wireless networks.
Slideshow ( 2 images )
Airtel, placed second to Reliance Industries-owned Jio by subscribers, said in a statement to stock exchanges that it will use Qualcomm’s Radio Access Network platforms, which runs services on the cloud, to roll out 5G networks in the country.
“This collaboration . aims to allow a faster rollout of broadband services . across India for “last mile” connectivity challenges that are becoming increasingly important in today’s remote, mobile-first society,” Airtel said.
By Reuters Staff
3 Min Read
BENGALURU (Reuters) - Bharti Airtel Ltd said on Tuesday it will work with U.S. chipmaker Qualcomm for 5G services in India, as telecom firms in the world’s second-largest wireless market gear up to usher in the latest generation of wireless networks.
Slideshow ( 2 images )
Airtel, placed second to Reliance Industries-owned Jio by subscribers, said in a statement to stock exchanges that it will use Qualcomm’s Radio Access Network platforms, which runs services on the cloud, to roll out 5G networks in the country.
“This collaboration . aims to allow a faster rollout of broadband services . across India for “last mile” connectivity challenges that are becoming increasingly important in today’s remote, mobile-first society,” Airtel said.
2020 growth revised up to +3.11%, from +2.98% Q4 growth revised up to +5.09% y/y, from +4.94%
TAIPEI, Feb 20 (Reuters) - Taiwan’s economy will grow at its fastest pace in seven years in 2021, the statistics office said, upgrading its economic outlook as a strong rebound in exports and demand for chips helps the island shake off the blow from the coronavirus crisis.
Gross domestic product (GDP) is expected to expand 4.64% this year, the Directorate General of Budget, Accounting and Statistics said on Saturday, up from a forecast made in November for 3.83% growth, which would also have been its fastest since 2014.
The revision came as the statistics office roughly doubled its export growth forecast for this year, with global demand for the island’s technology products buoyed by a work-from-home boom during the COVID-19 pandemic.
By Reuters Staff
(Adds details, CEO comment)
Feb 19 (Reuters) - Dutch firm BE Semiconductor (BESI) , which makes equipment for chipmakers, forecast on Friday a surge in first-quarter revenues after saying its fourth-quarter numbers were above its expectations on the back of strong demand in Asia.
It shares rose 8% in early trading.
BESI, whose customers include tech companies like Samsung , Sony and Qualcomm, sees January-March revenue rising 30%-40% from the previous quarter as orders received to date exceeded total bookings in the fourth quarter.
The Dutch multinational company, which designs and manufacturers semiconductor equipment, has benefited from the global rollout of 5G networks, which are set to power everything from high-speed video transmissions to self-driving cars.