Tag: cent
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Dollar holds steady ahead of Fed rate decision
NEW YORK, Oct 28 : The US dollar was flat against major currencies on Wednesday ahead of the Federal Reserve’s interest rate decision, while the New Zealand dollar fell sharply after the country’s central bank surprisingly left interest rates unchanged.Traders expect the Fed to leave monetary policy unchange
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World Bank sees commodity prices up 23% in 2026 due to Middle East war, other shocks
WASHINGTON, Oct 28 : Global commodity prices are set to surge 23 per cent in 2026, the World Bank said on Wednesday, citing rising energy prices and disruptions to cargo shipping during the Middle East war, grain shipment problems in the Black Sea and high demand for safe-haven assets such as gold.Oil, natura
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Dollar steady ahead of Fed decision; focus on UK budget
Oct 28 : The US dollar held onto gains on Wednesday after reaching a two-week high ahead of the Federal Reserve’s interest rate decision, while sterling was in focus as investors awaited the Andy Burnham government’s first budget, hoping it would avoid a heavy reliance on borrowing.The week is packed with mon
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Analysis:As Iran war drags on, airlines pull back on fuel hedges and warn on fares
LONDON/HONG KONG, Oct 28 : With jet fuel prices at roughly double their levels before the Iran war, airlines are growing increasingly reluctant to lock in future fuel costs through new hedges, warning instead of steep fare increases to offset higher fuel bills.Hedging allows airlines to lock in future fuel pr
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StanChart shares soar after it hikes full-year targets and trounces profit estimates
HONG KONG/LONDON, Oct 28 : Standard Chartered (StanChart) on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8 per cent higher.Like many of its European peers, StanChart was able to extend a recent strong run, with pretax pro
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Thai central bank keeps interest rate unchanged, as expected
BANGKOK, Oct 28 : Thailand’s central bank kept its key interest rate unchanged for a fourth straight meeting on Wednesday, as widely expected.The Bank of Thailand’s monetary policy committee voted unanimously to maintain the one-day repurchase rate at 1.00 per cent.All 26 economists polled by Reuters
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Dassault Systèmes raises 2026 targets
Oct 28 – Software maker Dassault Systèmes on Wednesday raised its 2026 revenue and margin targets after its third-quarter revenue rose 5 per cent to €1.55 billion ($1.73 billion). The upgrade, the French software group’s first in two years, signals that a slowdown dating back to 2023 may have bottomed
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StanChart lifts full-year targets after quarterly profit trounces forecasts
HONG KONG/LONDON, Oct 28 : Standard Chartered (StanChart) on Wednesday hiked its income and profitability targets after third-quarter profit handily beat estimates with robust performances from its wealth and global markets divisions.It lifted its full-year income growth target for 2026 to above 7 per cent fr
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Visa results beat estimates as resilient customers keep up spending
Oct 27 : Visa beat expectations for fourth-quarter results on Tuesday as customers continued swiping their cards to pay for travel, shopping and dining out despite macroeconomic uncertainty. The results from the world’s largest payments processor underscore a robust US economy in the face of persistent infla
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Robinhood profit misses estimates as crypto trading slows
Oct 27 : Robinhood Markets missed Wall Street estimates for third-quarter profit on Tuesday, as slower cryptocurrency trading and higher expenses overshadowed strong activity in options and prediction markets. Shares of the Menlo Park, California-based company fell 7 per cent in after-hours trading.The
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