Bloomberg A meteoric rally in an Australian penny stock is fast unravelling after confounding not just market watchers but also the company’s CEO. BrainChip Holdings Ltd., an artificial intelligence-focused startup whose flagship product is yet to be made widely available for commercial use, saw its 2020 gains propel to 1,500% earlier this month. While concerns about overheating have seen the …

Bloomberg India’s benchmark equity index swung between gains and losses as banks and telecom stocks offset the boost provided by software exporters. The S&P BSE sensex was little changed at 37,976.18 after swinging between gains of as much as 0.7% and a decline of 0.3%, as of 10:56 am in Mumbai. The NSE Nifty 50 Index was also steady. The …

Bloomberg Oil has wavered on growing doubts over demand prospects with more potential lockdown measures on the way to combat the virus. The market was earlier buoyed by the dollar’s biggest slide in almost four weeks, which made commodities priced in greenback more attractive, as well as a bounceback in equities. Futures in London as much as 1.2% before paring …