Tag: cent
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Hyundai Motor India holds full year view, banking on new launches, demand recovery
July 30 : Hyundai Motor India on Thursday maintained its fiscal 2027 volume growth and operating margin outlook, expecting new launches and stronger demand for gas-powered vehicles to offset disruptions that hurt quarterly profit.The carmaker’s shares rose as much as 2.8 per cent after results before ending 1
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US dollar finds footing after Fed hold and Iran air strikes
July 30 : The dollar found its footing on Thursday after the Federal Reserve kept its policy interest rate on hold and Chair Kevin Warsh left markets guessing about how divisions on its rate-setting committee would resolve.The greenback rose against most major currencies after the U.S. said it was conducting
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Mizuho posts 45% jump in first-quarter profit, raises annual forecast
TOKYO, July 30 : Japan’s Mizuho Financial Group reported a 45 per cent rise in first-quarter profit on Thursday, a sign that loan demand has stayed strong despite volatile global energy markets and supply chain disruptions caused by war in the Middle East.Japan’s third-largest banking group also raised its an
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South Korea export growth seen easing but chip boom to hold
SEOUL, July 30 : South Korean exports likely extended robust growth in July, with the pace weakening from a near-half-century high but posting the second-strongest gains in the current winning streak led by surging AI chip demand, a Reuters poll showed on Thursday. Exports from Asia’s fourth-largest economy,
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Japan PM vows to proceed with temporary cut in sales tax
TOKYO, July 30 : Japanese Prime Minister Sanae Takaichi announced her intention to proceed with a sharp two-year cut on an 8 per cent sales tax on food items, a senior ruling party official said on Thursday, a move set to strain the country’s worsening finances.In a meeting with ruling party executives, Takai
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Japan cuts this year’s growth outlook as higher energy costs weigh
TOKYO, July 30 : Japan’s government cut its economic growth forecast for the current fiscal year on Thursday, as higher oil prices linked to Middle East tensions squeeze household spending and corporate profits.In its mid-year estimates, the Cabinet Office projected inflation-adjusted gross domestic product (
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Meta cash flow craters as Zuckerberg doubles down on AI spending
July 29 : Meta Platforms reported a 91 per cent drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout amid an uncertain payoff.The Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter
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Microsoft says cash will keep flowing from AI, shares rise
July 29 : Microsoft on Wednesday said it expects to keep generating cash through its just-started fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after an accounting change for data center leases.The company also forecast sales and cloud growth that beat expectations for its cu
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Japan’s price expert predicts BOJ shift to more aggressive inflation fighting posture
TOKYO, July 30 : The Bank of Japan may shift to an inflation fighting posture from inflation tolerance as soon as December, which would mean an acceleration in rate hikes, said Tsutomu Watanabe, a former central bank official known as an expert on price trends.Japan is experiencing a third wave of inflation c
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Wall Street closes down sharply after Fed holds rates unchanged
Wall Street ended sharply lower on Wednesday (Jul 29) after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports
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