Australian shares are set to open lower, tracking losses in Europe and New York. Iron ore slips below $US100/tonne in Singapore.
The $763 million deal brings players from north Asia into the country’s biggest LNG expansion project and paves the way for joint investment in clean energy.AUD -0.7% to 65.29 US centsIn New York: BHP -1.2% Rio -1% Atlassian -0.4%Spot gold -0.6% to $US1924.51/oz at 1.25pm in New York10-year yield: US 4.02% Australia 4.01% Germany 2.
Credit card balances surpassed $US1 trillion for the first time last quarter in data from the Federal Reserve Bank of New York, showing how even more widespread credit has become among American consumers as the US economy recovered from the pandemic. Balances increased by $US45 billion, the most of all debt types, to $US1.03 trillion in the second quarter, the New York Fed said in a report. The percentage of Americans who are behind in their payments has also been on the rise.Nvidia announced an updated AI processor that gives a jolt to the chip’s capacity and speed, seeking to cement the company’s dominance in a burgeoning market.
The Grace Hopper Superchip, a combination graphics chip and processor, will get a boost from a new type of memory, Nvidia said at the Siggraph conference in Los Angeles. The product relies on high-bandwidth memory 3, or HBM3e, which is able to access information at a blazing 5 terabytes per second.
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