Tag: per
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BOJ flags risk of inflation overshoot, signals rate-hike intent
TOKYO, June 19 : Bank of Japan Deputy Governor Ryozo Himino on Friday said inflation could overshoot the bank’s 2 per cent target and flagged the cost of being too late in raising interest rates, signalling resolve to continue pushing up borrowing costs.The remarks reinforce market expectations the BOJ will r
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Japan, South Korea stocks hit records as oil prices fall
Oil tankers have started sailing through the Strait of Hormuz after the United States lifted its blockade on Iran on Thursday as an interim deal to end the three-month war took effect.
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SpaceX shares fall as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped more than 6 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 6.4 per cent at $179.62, after falling nearly 5 per…
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Accenture forecast takes hit from Iran war, shares tumble over 17%
June 18 : Accenture forecast quarterly sales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the Middle East and beyond, sending its shares down more than 17 per cent and sparking an industry selloff.The IT consulting giant took a $400 million hit to its Middle East
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Accenture forecast takes hit from Iran war, shares tumble 14%
June 18 : Accenture forecast quarterly sales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the Middle East and beyond, sending its shares down more than 14 per cent and sparking an industry selloff.The IT consulting giant took a $400 million hit to its Middle East
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Accenture strikes $4.18 billion cybersecurity deal, shares fall on weak forecast
June 18 : Accenture unveiled $4.18 billion in cybersecurity acquisitions on Thursday to push deeper into the booming sector, as a weak sales forecast sent its shares down 14 per cent and underscored the pressure AI tools exert on its consulting business.The premarket drop followed the company’s fourth-quarter
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Accenture to take majority stake, acquire cybersecurity firms in $4.18 billion deal
June 18 : Consultancy firm Accenture said on Thursday it will buy a majority stake in Dragos and fully acquire runZero and NetRise in a combined deal valued at $4.18 billion.Shares of the Dublin, Ireland-based company fell about 5 per cent in premarket trading.Separately, the company also cut the top
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Dollar hovers near two-month high on Fed hike bets; Japan warns on yen
HONG KONG, June 18 : The U.S. dollar hovered close to a two-month high on Thursday after a hawkish hold from the Federal Reserve triggered bets on rate hikes, while yen weakness drew verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent to 3.75 per cent range as…
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Stocks slip as Fed rate outlook offsets optimism over Iran deal
LONDON, June 18 : Global stocks were torn on Thursday between concern about the rising chances of a U.S. rate hike this year after the Federal Reserve’s meeting and optimism over the reopening of the Strait of Hormuz.The United States and Iran on Wednesday released the text of their agreement, which extends a
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Philippine central bank raises policy rate by 25 basis points
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points for a second time in a row on Thursday and left the door open to additional tightening as inflation pressures remain strong.Governor Eli Remolona said the central bank would consider larger rate increases, including
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