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PayPal presses on with turnaround in pivotal quarter as sale questions linger
July 28 : PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as “low-ball”.The payments company, once the crown jewel of Ame
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Dollar hovers near four-week peak as markets mull Fed hike odds
July 28 : The U.S. dollar steadied near a four-week high on Tuesday as traders assessed the possibility of a Federal Reserve interest rate hike this week, even as falling oil prices offered some relief on the inflation front.The dollar index, which measures the greenback against a basket of currencies includi
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Dollar hits one-month high on lingering chances of Fed hike
TOKYO, July 28 : The U.S. dollar held at a one-month high on Tuesday as traders weighed a slim but lingering chance of a rate hike at the Federal Reserve’s upcoming meeting, even as falling oil prices eased some concerns over inflation.The dollar index, which measures the greenback against a basket of currenc
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Dollar eases as oil prices fall on pause in Middle East conflict
NEW YORK, July 27 : The dollar traded with a softer tone against the euro and the yen on Monday as a pause in U.S. bombing in Iran sent oil prices lower and bolstered risk appetite ahead of a busy week of central bank meetings.The euro rose as much as 0.4 per cent before paring…
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Dollar softer as oil slumps on pause in Middle East conflict
NEW YORK, July 27 : The dollar eased against major currencies on Monday as a pause in U.S. bombing in Iran sent oil prices lower and lifted risk appetite ahead of a busy week of central bank meetings.The euro rose 0.1 per cent to $1.1374, while the U.S. dollar slipped 0.1 per cent to 163.69…
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Pakistan’s central bank holds key policy rate at 11.5%
KARACHI, July 27 : Pakistan’s central bank held its key policy rate at 11.50 per cent on Monday, the bank’s governor told reporters, as U.S.-Iran hostilities threaten to push up energy costs and inflation in the import-dependent country.The central bank decision comes weeks after the collapse of a ceasefire a
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Oil prices near one-week low after US, Iran pause fighting over weekend
LONDON , July 27 : Oil prices hovered around a one-week low on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures
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Dollar retreats as oil slumps on pause in Middle East conflict
July 27 : The dollar dropped against other major currencies on Monday, as a pause in U.S. bombing in Iran dragged oil prices lower and lifted risk appetite ahead of a busy week of central bank meetings.Against the yen, the U.S. dollar was down 0.1 per cent at 163.645 yen, on course for its sharpest…
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Shares, bonds bounce as oil skid offers inflation relief
SYDNEY, July 27 : Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices sharply lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and corporate earnings.Iran said on Sunday it would halt its own attacks as long as the…
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Yen set for biggest weekly drop in over two months
July 24 : The dollar was on track for its biggest weekly gain since mid-June, buoyed by the rise in oil prices, while the yen was poised for its largest weekly percentage decline in more than two months as the currency languishes at 40-year lows despite Japan’s pledges to stabilise the currency.Verbal efforts
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