Seeking to better compete with bigger rivals Amazon Web Services and Microsoft Corp, the move will also help transition Oracle's business software for finance, sales and other functions to new systems over the next year.
The greenback had gained overnight as risk aversion, and low expectations for a breakthrough trade deal, drove trade-exposed currencies such as the Australian and New Zealand dollars, the Chinese yuan and Korean won lower.
The focus will shift to the next round of U.S.-China trade negotiations expected in Washington on Oct. 10-11 to see if the two sides can end a bruising year-long trade war that has hurt global growth and raised the risk of re
It was the second month this year the index had fallen below the 50-mark separating growth from contraction - the last one being in June. A manufacturing survey earlier this week also showed a cooling in activity.
Facebook Inc on Thursday said it removed several pages, groups and accounts on its platforms that were engaged in "coordinated inauthentic behavior", originating from the United Arab Emirates, Egypt and Nigeria.
Investors have been caught out by a set of weak U.S. data this week, including surveys on services and manufacturing sectors, deepening fears the Sino-U.S. trade war is starting to hurt growth in the world's biggest economy.
World equity benchmarks hit their lowest levels in a month on Wednesday as signs of a slowdown in U.S. economic growth and weak earnings in Europe fanned fears the global economy could slip into recession.