Tag: per
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Google increases capex forecast again after cloud-driven earnings beat
July 22 : Alphabet on Tuesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.The search giant now expects to spend
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Trading Day: $100 oil looms
ORLANDO, Florida, July 22 : The Nasdaq fell on Wednesday, dragged down by software stocks ahead of some major tech earnings reports, while deepening conflict in the Middle East pushed oil prices sharply higher again and Brent crude closer to the $100 a barrel mark. In my column today, I look at the yen’s sli
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IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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Dollar edges lower after four-day run of gains, yen stalled near 40-year low
NEW YORK, July 22 : The dollar eased slightly from a one-week high on Wednesday after four straight daily advances, while the yen saw a modest recovery from its weakest level in nearly four decades as traders weighed the likelihood of intervention from Tokyo and the odds of faster rate hikes by the Bank of…
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Dollar dips after four-day streak of gains, yen holds near 40-year low
NEW YORK, July 22 : The dollar dipped from a one-week high on Wednesday after four straight daily advances, while the yen recovered slightly from its weakest level in nearly four decades as traders gauged the likelihood of intervention from Tokyo and the chances of faster rate hikes by the Bank of Japan.The d
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TE Connectivity projects upbeat quarterly results, to buy Astrodyne for $1.4 billion
July 22 : Electronic equipment maker TE Connectivity on Wednesday forecast fourth-quarter profit and revenue above Wall Street expectations, betting on a boom in demand for its AI-related tools and products.Growing demand for AI-related tools and products has boosted investments in data centers and network eq
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Intel results to test if AI-fueled rally has room to run
July 22 : Intel’s results on Thursday will show whether the American chip icon has the numbers to back a Wall Street rally that has sent its shares nearly three times higher this year, as its turnaround push wins over investors and the AI buildout powers demand. Analysts expect the company to report its fast
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Category A COE premium falls to S$126,000; Category B sees slight dip
Category B premiums fell 0.76 per cent to S$129,890 from S$130,889, while COEs for commercial vehicles also fell.
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Japan imports jump to record high on oil price surge, complicating BOJ policy
TOKYO, July 22 : Japan’s imports jumped to a record high in June, government data showed on Wednesday, as a weak yen and soaring oil prices drove up import costs and inflation, leaving the central bank in a policy bind. The swelling import bill has become a growing concern for policymakers, with the yen’s wea
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Japan exports in June jump 19.3% year/year
TOKYO, July 21 : Japanese exports rose 19.3 per cent year-on-year in June, up for a 10th straight month, data from the Ministry of Finance showed on Wednesday.The result compared with an 18.6 per cent increase expected by economists in a Reuters poll.Imports grew 25.4 per cent in June from a year earli
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