JHVEPhoto Korean AI startup Upstage is in discussions with Advanced Micro Devices ( AMD ) to buy 10,000 of its latest AI accelerators as part of an effort to bring large-scale compute into the country. Upstage CEO Sung Kim said he discussed the procurement of AMD’s MI355 accelerators when he met with the US chipmaker’s CEO Lisa Su in Seoul last week. “We have a lot of Nvidia chips in Korea, but we...
JHVEPhoto Korean AI startup Upstage is in discussions with Advanced Micro Devices ( AMD ) to buy 10,000 of its latest AI accelerators as part of an effort to bring large-scale compute into the country. Upstage CEO Sung Kim said he discussed the procurement of AMD’s MI355 accelerators when he met with the US chipmaker’s CEO Lisa Su in Seoul last week. “We have a lot of Nvidia chips in Korea, but we want to diversify to other chips, including AMD’s,” Kim told Bloomberg Television on Monday. Upstage competes in a state-backed “AI Squid Game” tournament to develop Korea’s top national AI models. The teams’ AI foundation models face evaluation and elimination every six months by a panel of judges overseen by the Ministry of Science and ICT. Korea is set to select two finalists by early next year. The winners receive a greater number of Nvidia ( NVDA ) graphics processing units, the report said. ETFs to track the South Korean market: ( EWY ), ( KORU ), ( FLKR ) AI ETFs: ( IVES ), ( AIQ ), ( BOTZ ), ( DTEC ), ( GINN ), ( ROBT ), ( XT ), ( THNQ ), and ( CHAT ). More on AMD AMD's Real Shift Is Still Mispriced AMD: Private Credit Crunch Is Good AMD Doesn't Worry Me, Its Customers And Deals Do Chip sales top $830B in 2025 as Nvidia, Micron lead AI-driven growth AMD, Samsung team up for AI memory, explore foundry partnership
JHVEPhoto Korean AI startup Upstage is in discussions with Advanced Micro Devices ( AMD ) to buy 10,000 of its latest AI accelerators as part of an effort to bring large-scale compute into the country. Upstage CEO Sung Kim said he discussed the procurement of AMD’s MI355 accelerators when he met with the US chipmaker’s CEO Lisa Su in Seoul last week. “We have a lot of Nvidia chips in Korea, but we...
JHVEPhoto Korean AI startup Upstage is in discussions with Advanced Micro Devices ( AMD ) to buy 10,000 of its latest AI accelerators as part of an effort to bring large-scale compute into the country. Upstage CEO Sung Kim said he discussed the procurement of AMD’s MI355 accelerators when he met with the US chipmaker’s CEO Lisa Su in Seoul last week. “We have a lot of Nvidia chips in Korea, but we want to diversify to other chips, including AMD’s,” Kim told Bloomberg Television on Monday. Upstage competes in a state-backed “AI Squid Game” tournament to develop Korea’s top national AI models. The teams’ AI foundation models face evaluation and elimination every six months by a panel of judges overseen by the Ministry of Science and ICT. Korea is set to select two finalists by early next year. The winners receive a greater number of Nvidia ( NVDA ) graphics processing units, the report said. ETFs to track the South Korean market: ( EWY ), ( KORU ), ( FLKR ) AI ETFs: ( IVES ), ( AIQ ), ( BOTZ ), ( DTEC ), ( GINN ), ( ROBT ), ( XT ), ( THNQ ), and ( CHAT ). More on AMD AMD's Real Shift Is Still Mispriced AMD: Private Credit Crunch Is Good AMD Doesn't Worry Me, Its Customers And Deals Do Chip sales top $830B in 2025 as Nvidia, Micron lead AI-driven growth AMD, Samsung team up for AI memory, explore foundry partnership
NEW DELHI, March 23, 2026 /PRNewswire/ -- MiTAC Computing Technology Corporation, a global leader in high-performance and energy-efficient server solutions, and a subsidiary of MiTAC Holdings Corporation (TWSE:3706), is showcasing the latest AI-optimized compute and GPU servers at Convergence India (Booth B3-28), spearheading the development of efficient and sustainable future data centers. Featur...
NEW DELHI, March 23, 2026 /PRNewswire/ -- MiTAC Computing Technology Corporation, a global leader in high-performance and energy-efficient server solutions, and a subsidiary of MiTAC Holdings Corporation (TWSE:3706), is showcasing the latest AI-optimized compute and GPU servers at Convergence India (Booth B3-28), spearheading the development of efficient and sustainable future data centers. Featured products include three GPU servers G8825Z5, G4520G6, NVIDIA MGX™ architecture server, and enterprise-level R2520G6 – all built for modular, scalable data center deployments. MiTAC Computing - Convergence India 2026 G‑Series | High‑Density AI & HPC Platforms for Large‑Scale Compute G8825Z5 supports up to eight AMD Instinct™ MI325X/MI350X GPUs and dual AMD EPYC™ 9005 processors, delivering exceptional compute density and bandwidth for large‑scale AI model training. G4520G6 is powered by dual Intel® Xeon® 6 processors and supports up to eight PCIe Gen5 GPUs and MRDIMM memory, offering massive parallel throughput for generative AI, data analytics, and HPC applications. The third demo product is based on NVIDIA MGX™ architecture 4U platform with 8 GPUs powered by dual Intel® Xeon® 6700P and supports up to eight NVIDIA H200 NVL or NVIDIA RTX PRO 6000 Blackwell GPUs, integrating NVIDIA BlueField‑3 DPU and high‑bandwidth networking for AI cluster performance. Ideal for large‑scale training and inference. R‑Series | Enterprise Compute with Balanced Flexibility R2520G6 features dual Intel® Xeon® 6 processors, up to 32 DDR5‑6400 RDIMMs, and scalable NVMe U.2 support—including configurations with up to 24 drives—the R2520G6 delivers reliable bandwidth and long‑term performance stability for data storage, big data analytics, and AI data preprocessing. " India represents one of the most dynamic and fast-evolving data center markets in the world as well as one of MiTAC Computing's focus markets. We are proudly bringing MiTAC's global innovation and trusted quality closer to local custo...
matejmo/iStock via Getty Images The International Energy Agency (IEA) said at least 40 energy assets—including oil fields, refineries, pipelines, and gas facilities—have been “severely or very severely” damaged across nine countries across multiple Gulf and wider Middle East states since the onset of conflict. IEA executive director Fatih Birol said that the situation was now “very serious”, more ...
matejmo/iStock via Getty Images The International Energy Agency (IEA) said at least 40 energy assets—including oil fields, refineries, pipelines, and gas facilities—have been “severely or very severely” damaged across nine countries across multiple Gulf and wider Middle East states since the onset of conflict. IEA executive director Fatih Birol said that the situation was now “very serious”, more so than the two oil crises in 1973 and 1979, and more serious than the gas crisis sparked by Russia’s invasion of Ukraine. “At that time, in each [oil] crisis, the world has lost about 5 million barrels per day, both of them together 10 million barrels per day. And after that we all know that there were major economic problems around the world. And today we lost 11 million barrels – so more than two major oil shocks put together,” Birol told the National Press Club in Canberra, Australia, at the start of a world tour. The global economy is under "major threat" from the energy crisis caused by the Middle East war and "no country will be immune" to its effects. "The single most important solution to this problem is opening the Hormuz Strait," he added. “The depth of the problem was not well appreciated by the decision makers around the world,” prompting him to speak out publicly three weeks into the conflict. The IEA is also consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Birol said on Monday. "If it is necessary, of course, we will do it. We look at the conditions, we will analyse, assess the markets and discuss with our member countries," Birol commented. Oil prices rose again early Monday, with the U.S. benchmark crude briefly touching the $100-per-barrel mark. Oil ETFs: ( USO ), ( UCO ), ( DBO ), ( OILK ), and ( USL ). More on oil Wall Street Brunch: Oil And Rates Will Still Dominate Sentiment The 'Monetary Truman Show' Is Over: The Fed Is No Longer In Control The Market Has Been Too Complacent A...
Fiera Capital Corporation ( FRRPF ) announced Monday that Global President and CEO Maxime Ménard is taking an immediate medical leave of absence. To ensure a seamless transition, the board has appointed Gabriel Castiglio, the firm’s global COO and a veteran leader since 2019, as interim global CEO , effective immediately . The company expects Ménard to return to his role. Meanwhile, Fiera Capital'...
Fiera Capital Corporation ( FRRPF ) announced Monday that Global President and CEO Maxime Ménard is taking an immediate medical leave of absence. To ensure a seamless transition, the board has appointed Gabriel Castiglio, the firm’s global COO and a veteran leader since 2019, as interim global CEO , effective immediately . The company expects Ménard to return to his role. Meanwhile, Fiera Capital's leadership will collaborate with Castiglio for business continuity. More on Fiera Capital Corporation Fiera Capital Corporation 2025 Q4 - Results - Earnings Call Presentation Fiera Capital Corporation (FSZ:CA) Q4 2025 Earnings Call Transcript Historical earnings data for Fiera Capital Corporation Dividend scorecard for Fiera Capital Corporation Financial information for Fiera Capital Corporation
(RTTNews) - European stocks may slump at open on Monday as investors watch the latest developments in the Middle East war and assess the potential impact of elevated energy prices on inflation and growth. Investors remain wary of an escalation in the conflict after U.S. President Donald Trump threatened to "hit and obliterate" Iran's power plants if Tehran does not reopen the Strait of Hormuz— a v...
(RTTNews) - European stocks may slump at open on Monday as investors watch the latest developments in the Middle East war and assess the potential impact of elevated energy prices on inflation and growth. Investors remain wary of an escalation in the conflict after U.S. President Donald Trump threatened to "hit and obliterate" Iran's power plants if Tehran does not reopen the Strait of Hormuz— a vital artery for global energy flows — within 48 hours. Tehran warned of retaliation, threatening to close the strait and target energy infrastructure and desalination facilities in the Gulf if the U.S. carries out its ultimatum. Any attacks on the country's power plants would "immediately" be met with retaliatory strikes on energy and oil infrastructure across the region, Iran's Parliament speaker Mohammad Bagher Ghalibaf said. Ghalibaf also said entities that finance the U.S. military budget are "legitimate targets" for the country, alongside military bases. As the Iran war pushes global energy prices higher, it is feared that cost-driven inflation may prompt major global central banks to maintain a hawkish stance in the coming months. A slew of major central banks signaled last week that they were prepared to raise interest rates to combat inflation. Federal Reserve Chair Jerome Powell's tone and the guidance on March 18 suggested that a rate hike is not off the table, but it's unlikely for now. Asian markets tumbled, with benchmark indexes in Hong Kong, Japan and South Korera plunging 3-6 percent as the war between the United States and Iran's regime entered an unprecedented phase, escalating fears of a wider regional conflict. Iran's Natanz nuclear enrichment facility was hit in an airstrike Saturday. Two Iranian strikes on towns near Israel's main nuclear research center injured more than 100 people. The dollar held gains from the previous session and ten-year U.S. Treasury yields hovered near an eight-month high while gold prices slumped 2.5 percent below $4,400 an ou...
Getty Images The fund posted returns of 1.64% (Institutional shares) and 1.55% (Investor A shares, without sales charge) for the fourth quarter of 2025. The fund's outperformance of its benchmark was driven by security selection in the media & entertainment, retailers, and chemicals sectors. Overweight positions in investment grade securities and CCC rated issuers contributed positively, as did un...
Getty Images The fund posted returns of 1.64% (Institutional shares) and 1.55% (Investor A shares, without sales charge) for the fourth quarter of 2025. The fund's outperformance of its benchmark was driven by security selection in the media & entertainment, retailers, and chemicals sectors. Overweight positions in investment grade securities and CCC rated issuers contributed positively, as did underweight holdings in lower-quality credit. An underweight exposure to BB rated credit detracted. The fund retained an underweight position in BB rated securities, preferring to seek incremental yield in select B and higher-quality CCC rated credit. The loan allocation was reduced from about 9% to 8% as the Federal Reserve's (Fed) monetary policy easing has diminished the income potential in the space. Contributors Positive performance was driven by security selection, especially in the media & entertainment, retailers, and chemicals sectors. Overweight positions in investment grade securities and CCC rated issuers contributed positively. Underweight allocations to lower-quality credit also helped returns, as the sector performed weakly. For 2025, security selection in the technology, media & entertainment, and retailers sectors led performance, along with underweight holdings in cyclical sectors. Detractors Selection in the midstream, cable & satellite, and construction machinery sectors detracted during the quarter. The fund's tactical loan allocation hampered returns during the quarter and over the full year as the sector underperformed high yield bonds. An underweight exposure to BB rated credit and security selection in BBB and B rated names was a hindrance during the quarter. For the full year, security selection in the cable & satellite, midstream, and independent energy sectors weighed on returns. Further insight Entering 2026, high yield spreads of about 270 basis points (bps) are near their tightest levels for a number of years. Barring a major "risk-off" event, w...
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Hong Kong with Haidi Stroud-Watts and Annabelle Droulers, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Hong Kong with Haidi Stroud-Watts and Annabelle Droulers, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Corn futures rose to a two-week high as disrupted fertilizer supplies from the effective closure of the Strait of Hormuz casts doubts over the size of the upcoming US crop. The most-active contract rose as much as 1.1% on Monday after US President Donald Trump over the weekend threatened to escalate the war with Iran if the important trade route was not reopened within 48 hours. The Middle East is...
Corn futures rose to a two-week high as disrupted fertilizer supplies from the effective closure of the Strait of Hormuz casts doubts over the size of the upcoming US crop. The most-active contract rose as much as 1.1% on Monday after US President Donald Trump over the weekend threatened to escalate the war with Iran if the important trade route was not reopened within 48 hours. The Middle East is a major fertilizer exporter and prices for the nutrients have jumped since the outbreak of the conflict. As long as it continues, fertilizer supplies from the region will remain constrained, creating yield risks for the upcoming US corn crop, said Tobin Gorey , a strategist at Cornucopia Agri Analytics. The country is the world’s biggest producer of the grain. “The impact in the southern summer crops, essentially Argentina and Brazil, is probably not much,” Gorey said in an interview. “Where it’s going to have a much greater impact is on crops that will be planted sometime next month, in April or May,” which includes Northern Hemisphere growers like the US. The May contract’s discount versus December has also widened since the start of the war, which Gorey said could indicate traders are already buying up new-crop corn in anticipation of lower yields, boosting prices further out. Corn rose 1.1% to $4.7075 a bushel as of 1:02 p.m. in Singapore Wheat jumped 1.3%, and soybeans were 0.6% higher