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Stocks stumble as tech slides despite Samsung’s record profit; oil rises
LONDON, July 7 : Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.Samsung Electronics forecast a 19-fold jump i
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Stocks ease despite upbeat Samsung forecast, yen languishes
TOKYO, July 7 : Asian stocks drifted lower on Tuesday, even after South Korea’s Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation.Samsung Electronics, the world’s largest memory chipmaker,
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Japan real wages up for 5th month in May, slower due to inflation
TOKYO, July 7 : Japan’s real wages rose 1.4 per cent in May from a year earlier to mark a fifth month of increases, although the growth rate slowed amid re-accelerating consumer inflation, government data showed on Tuesday.• Average nominal wages – or total cash earnings – rose 3.2 per cent to 311,165 yen (
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US futures rise as oil weighed by supply while earnings loom
SYDNEY/LONDON, July 6 : U.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in the fractious U.S.-Iran p
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Italy reshapes national cloud company as Leonardo, Poste target control, sources say
MILAN/ROME, July 6 : Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy’s public administration by acquiring an additional 10 per cent from state-owned IT company Sogei, sources told Reuters.Leonardo, which already owns 25 per cent of the so-
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Indian IT firms face muted Q1 as AI shift, weak demand weigh
BENGALURU, July 6 : India’s top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.The April-to-June quarter is usually a strong one for India’s
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Stocks inch up as oil weighed by supply while earnings loom
SYDNEY/LONDON, July 6 : European stocks and U.S. futures ticked higher on Monday as the potential for increased energy supplies pulled down oil prices and promised relief from inflationary pressures, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in th
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Oil falls by more than 1% after OPEC+ agrees to raise output targets
July 6 : Oil prices fell by more than 1 per cent on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell $1.02, or 1.41 per cent, to $71.10 a barrel
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Asia shares sputter as earnings loom, oil weighed by supply
SYDNEY, July 6 : Asian share markets sputtered on Monday as caution took hold ahead of a crucial earnings season for the AI sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-Iran pea
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Asian shares slip as earnings loom, oil weighed by supply
SYDNEY, July 6 : Asian share markets eased on Monday as caution took hold ahead of a crucial earnings season for the artificial intelligence sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the fracti
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