Tag: cent
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Samsung board set to discuss huge shareholder return package on Friday
SEOUL, Aug 21 : Samsung Electronics will hold a board meeting on Friday afternoon to discuss a new shareholder return package, a person familiar with the matter said, after media reports put the plan’s worth at more than $70 billion.Samsung, which like rival SK Hynix, has seen earnings soar as the AI boom cre
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Japan July core CPI rises 1.8% yr/yr
(Corrects paragraph 3 per centage rise to 1.9 per cent, not 1.8 per cent)TOKYO, Aug 21 : – Japan’s core consumer prices rose 1.8 per cent in July from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared wi
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Japan’s core inflation accelerates in July, bolsters case for rate hike
TOKYO, Aug 21 : Japan’s core consumer inflation accelerated in July from a year earlier as firms passed on rising import costs from a weak yen and the U.S.-Israeli war on Iran, data showed on Friday, bolstering the case for a rate hike from the central bank.The data will be among the factors the Bank…
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AI reshapes India’s IT services sector contracts as clients demand more for less
BENGALURU, August 21 : Artificial intelligence promised to disrupt India’s IT industry and it is delivering.Outsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging business models, increasingly tying fees to performance outcomes instead of hours worked, as client
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Trading Day: Can’t get no relief
ORLANDO, Florida, Aug 20 : That didn’t last long. U.S. bond yields rose on Thursday, retracing much of the previous day’s decline on Treasury’s surprise buyback announcement and pushing Wall Street to a two-week low. Another rise in oil prices, and a rare sales miss from retail giant Walmart also weighed heavily on
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Crypto shares climb after Treasury’s doubled buybacks boost risk assets
Aug 20 : Cryptocurrency-related stocks surged on Thursday, a day after the U.S. Treasury Department said it would support more long-duration bonds, boosting risk assets, and as U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for digital assets. The Treasury’s move to do
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Dollar hits 3-month low vs euro, pares losses after Treasury move
NEW YORK, Aug 20 : The U.S. dollar fell to a three-month low against the euro on Thursday before paring losses after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields to their highest level since 2007.The Treasury said Wednesday it would double the size of its buyback
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Crypto shares climb after Trump advocates for Clarity Act
Aug 20 : Cryptocurrency- and blockchain-related stocks surged on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for digital assets, following a White House meeting with industry executives.Trump, a vocal cryptocurrency advocate who has promised to make t
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Bitcoin, crypto shares climb after Trump pushes Clarity Act
Aug 20 : Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for the digital asset sector, following a White House meeting with industry executives.Trump, a vocal cryptocurrency advoc
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Gains in AI company stakes juice second-quarter earnings for S&P 500
NEW YORK, Aug 20 : S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies.The S&P 500 is on track for a 52 per cent surge in aggregate second-quarter earnings from the year before, helped by a 74 per cent profit jump in the…
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