Tag: cent
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Oil climbs over $1 on tanker attacks, no progrees on peace
HOUSTON, Aug 14 : Crude oil futures climbed over $1 a berrel on Friday on tanker attacks and a lack of progress on a peace agreement between the Trump administration and Iran’s leadership.Brent futures settled at $88.52 a barrel, up $1.45, or 1.67 per cent. U.S. West Texas Intermediate crude futures finished
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Dollar falls on surprise drop in US retail sales
NEW YORK, Aug 14 : The dollar fell on Friday after data showed U.S. retail sales unexpectedly declined in July, as traders weighed Federal Reserve policy and the prospect of a Bank of Japan rate hike next month aimed at supporting the yen.Retail sales dropped 0.6 per cent last month after an unrevised 0.2 per
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Analysis:AI-driven surge in bond yields could be next risk for markets and growth
LONDON, Aug 14 : Market gauges of inflation-adjusted borrowing costs have shot to their highest in more than a decade across major economies as AI companies and governments ramp up bond sales, raising risks for stock markets and the world economy.Real yields are the returns that a bond investor demands above
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Oil steadies after US threatens indefinite blockade of Iran
NEW DELHI, Aug 14 : Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session’s fall on a weaker outlook for demand and a large build in U.S. stocks.Brent futures rose 1 cent, or 0.1 per cent, to…
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Nubank’s profit crosses $1 billion, beating estimates; shares jump
SAO PAULO, Aug 13 : Brazilian digital lender Nubank’s quarterly net profit surpassed $1 billion for the first time, beating analysts’ estimates and causing shares to surge after the bell on Thursday.Nu Holdings posted net profit of $1.06 billion for the April-June quarter, a 49 per cent rise year-on-year on a
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Applied Materials forecasts revenue above estimates, shares fall on high expectations
Aug 13 : Applied Materials forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting that unabated demand for advanced AI chips will continue to fuel robust spending on its semiconductor manufacturing equipment.Even so, its shares dropped more than 5 per cent in extended trading as l
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Nubank quarterly net profit beats estimates, topping $1 billion for first time
SAO PAULO, Aug 13 : Brazilian digital lender Nubank’s quarterly net profit surpassed $1 billion for the first time, beating analysts’ estimates, and sending shares higher late on Thursday.Nu Holdings posted net profit of $1.06 billion for the April-June quarter, a 49 per cent rise year-on-year on a foreign-ex
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Sport-More fans are tuning into women’s sports, Nielsen report finds
Aug 13 : Women’s sports attracted 28.6 billion minutes of views in the U.S. in the first half of 2026, a Nielsen report released on Thursday showed, marking an 18 per cent increase over the same period last year.Women’s sports entered 2026 on a high after experiencing unprecedented growth last year, with
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Ackman unveils six new investments including Netflix, Visa, Mastercard in portfolio overhaul
NEW YORK, Aug 13 : Bill Ackman unveiled six new holdings, including Netflix, Visa and Mastercard, marking the billionaire investor’s biggest portfolio overhaul in years.Ackman said on Thursday he acquired shares starting in the second quarter that will be held in his investment funds, including his newest off
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Dollar steadies after benign US inflation curbs Fed rate hike bets
LONDON, Aug 13 : The dollar drifted on Thursday after an overall benign reading of U.S. consumer inflation prompted traders to pare back their bets on a September rate hike from the Federal Reserve.The U.S. currency is still up 0.4 per cent so far this week against a basket of major currencies, heading for it
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