Tag: cent
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US agency ends 39% household cap on local TV station owners
WASHINGTON, Aug 6 : The U.S. Federal Communications Commission voted on Thursday to rescind the rule that bars local broadcast station owners from reaching more than 39 per cent of U.S. TV households in a move that could spark industry consolidation.The FCC voted 2-1 to lift the cap in favor of a case-by-case
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US agency ends 39% local TV station ownership cap
WASHINGTON, Aug 6 : The Federal Communications Commission voted on Thursday to rescind the rule that bars local broadcast station owners from reaching more than 39 per cent of the total number of U.S. TV households in a move that could help spark industry consolidation.The FCC voted 2-1 to lift the cap in fav
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Sandisk, Western Digital weigh on chip sector as high expectations eclipse strong earnings
Aug 6 : Data storage companies tumbled on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street’s hottest bets this year.Shares of Sandisk lost 13.3 per cent to trade at $1,178, while Western Digital shed 19.1 per cent an
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EPAM cuts annual revenue forecast on weak software services demand, shares fall
Aug 6 : EPAM Systems on Thursday cut its annual revenue forecast, indicating slowing demand for its software services and sending its shares down more than 18 per cent.The company provides a wide range of IT services including consulting, cloud and AI transformation and software engineering.Here are so
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Sandisk, Western Digital drag on chip stocks as lofty expectations eclipse strong earnings
Aug 6 : Data storage companies tumbled in premarket trading on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street’s hottest bets this year.Shares of Sandisk lost 9.2 per cent to trade at $1,226.04, while Western Digita
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DBS shares scale record high as bank lifts forecast after profit beat
The Singapore bank declared S$0.81 in dividends per share for the second quarter of 2026.
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Asian stocks mostly down with tech firms back under pressure
HONG KONG: Most Asian markets sank on Thursday (Aug 6) with tech firms back under pressure after a four-day rebound amid lingering AI worries, while oil rose even as Iran said it was finalising a deal with Oman over
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Fitch says Vietnam banks likely to face significant pressure from government growth target
HANOI, Aug 6 : Fitch Ratings said on Thursday that Vietnam’s banking system is likely to come under under significant pressure to finance and support the economy due to government efforts to attain double-digit growth in 2026. Banks in Vietnam remain more vulnerable to external shocks than their neighbours
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Asia shares ease on tech pullback, oil stable as Iran talks stay in focus
TOKYO, Aug 6 : Asian shares took a breather on Thursday after an AI-driven surge the previous day, while oil prices traded in a tight range as markets assessed prospects for an Iran peace deal.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.69 per cent, led by declines in tech firms. South K
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