Tag: cent
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Dollar edges higher after data as yen holds near 40-year low
NEW YORK, July 7 : The dollar rose modestly on Tuesday following consecutive sessions of slight declines while the yen held near a four-decade low, as investors continued to watch for signs of possible intervention by Japanese authorities to support the currency.The greenback showed a muted reaction to report
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Dollar higher after data as yen holds near 40-year low
NEW YORK, July 7 : The dollar advanced on Tuesday, following two straight sessions of slight declines, while the yen held near a four-decade low, as investors continued to watch for signs of possible intervention by Japanese authorities to support the currency.The greenback showed little reaction to reports t
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Stocks slip; Samsung’s record profit revives jitters on AI outlook
LONDON, July 7 : Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.Samsung Electronics forecast a 19-fold jump i
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Big Tech data centers are driving up power bills at America’s Rust Belt factories
NEW YORK, July 7 : For years, electricity costs for the Belden Brick Company in Sugarcreek, Ohio, had been relatively stable. Last year, they surged by 90 per cent — largely because of rising power demand from data centers in the region.The 141-year-old brick manufacturer, whose products can be found in ico
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Stocks stumble as tech slides despite Samsung’s record profit; oil rises
LONDON, July 7 : Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.Samsung Electronics forecast a 19-fold jump i
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Stocks ease despite upbeat Samsung forecast, yen languishes
TOKYO, July 7 : Asian stocks drifted lower on Tuesday, even after South Korea’s Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation.Samsung Electronics, the world’s largest memory chipmaker,
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Japan real wages up for 5th month in May, slower due to inflation
TOKYO, July 7 : Japan’s real wages rose 1.4 per cent in May from a year earlier to mark a fifth month of increases, although the growth rate slowed amid re-accelerating consumer inflation, government data showed on Tuesday.• Average nominal wages – or total cash earnings – rose 3.2 per cent to 311,165 yen (
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US futures rise as oil weighed by supply while earnings loom
SYDNEY/LONDON, July 6 : U.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in the fractious U.S.-Iran p
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Italy reshapes national cloud company as Leonardo, Poste target control, sources say
MILAN/ROME, July 6 : Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy’s public administration by acquiring an additional 10 per cent from state-owned IT company Sogei, sources told Reuters.Leonardo, which already owns 25 per cent of the so-
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Indian IT firms face muted Q1 as AI shift, weak demand weigh
BENGALURU, July 6 : India’s top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.The April-to-June quarter is usually a strong one for India’s
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