Tag: cent
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Oil prices firm on concerns over Strait of Hormuz plans
LONDON, Aug 7 : Oil prices edged higher on Friday on further concerns surrounding the reopening of the Strait of Hormuz and potential Iranian bans and fines on vessels it deems hostile or in violation of proposed rules. Brent crude futures were up 75 cents, or 0.9 per cent, at $83.24 a barrel by 0815…
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Stocks, dollar stall ahead of US jobs data; oil gains as Gulf tensions flare
LONDON, Aug 7 : Global stocks headed for their strongest weekly gain since May on Friday, ahead of major U.S. jobs data, as investor optimism over robust earnings growth and enthusiasm over AI offset concern about another flare-up in Middle East tensions that boosted oil.MSCI’s All-World index has risen 2.3 p
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Dollar set for weekly gain as traders eye Iran talks, US jobs data
TOKYO, Aug 7 : The dollar headed for a weekly gain against major peers on Friday as doubts about an Iran peace deal buoyed the U.S. currency’s safe-haven appeal.The greenback also drew support from higher Treasury yields after a Financial Times report citing sources close to Federal Reserve Chair Kevin Warsh
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Japan food self-sufficiency ratio falls to 37%, below 2030 goal of 45%
TOKYO, Aug 7 : Japan’s food self-sufficiency ratio fell to 37 per cent for the fiscal year ended March 31, down 1 per centage point from a year earlier and well below the government’s 45 per cent target for fiscal 2030, the agriculture ministry said on Friday.The ratio, among the lowest of developed economies
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Japan set for third quarter of growth on solid domestic demand: Reuters poll
TOKYO, Aug 7 : Japan’s economy is expected to have expanded for a third straight quarter in April-June, as solid domestic demand and a decline in imports offset headwinds from the Middle East conflict, a Reuters poll showed on Friday.Here are a few details:• Gross domestic product (GDP) in real terms
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Philippine economy posts slowest growth in five years in second quarter
MANILA, Aug 7 : The Philippine economy grew at its weakest annual pace since 2021 in the second quarter due to a slump in construction and softer domestic demand, but the government said there were some signs that activity may improve in the second half of the year.Growth slowed to 2.3 per cent in the…
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Philippines Q2 GDP grows 2.3% yr/yr, slower than expected
MANILA, Aug 7 : The Philippine economy grew 2.3 per cent in the second quarter from a year earlier, the statistics agency said on Friday, slower than expected.• Economists in a Reuters poll had expected the economy to grow 2.8 per cent year-on-year in the second quarter, which would have matched the first-q
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Oil rises on concerns over Strait of Hormuz reopening plans
PERTH, Aug 7 : Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules. Brent crude futures rose 99 cents, or 1.2 per cent, t
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Japan June household spending falls unexpectedly
TOKYO, Aug 7 : Japanese household spending dropped unexpectedly in June from a year earlier, government data showed on Friday, for a seventh straight month of decline. • Consumer spending fell 3.3 per cent year-on-year, data from the internal affairs ministry showed, exceeding the median market forecast
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SpaceX stock climbs as shares available for trading more than double
Aug 6 : SpaceX stock rose in heavy trading on Thursday, as the number of shares available for public trading more than doubled following the expiry of the first of several lockup restrictions.The internet and rocket company’s stock was up 1.4 per cent at $109.86, with over $23 billion worth of the shares exch
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