Tag: Business
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Oil prices extend gains on escalating Middle East hostilities
July 20 : Oil prices rose on Monday to their highest in more than a month, with Brent crude climbing above $90 a barrel as escalating hostilities between the U.S. and Iran restricted oil shipments through the Strait of Hormuz.Brent crude futures were up $1.03, or 1.17 per cent, at $89.13 a barrel by 0751…
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Boeing CEO says company still needs ‘a couple more years’ to repair finances before new jet
CEO Kelly Ortberg signalled Boeing is focused more on stabilizing its existing business than rushing to develop a successor to its best-selling 737 MAX.
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Shares unsettled as oil climbs, earnings loom for AI
SYDNEY, July 20 : Shares slipped with bonds on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the artificial intelligence trade.Brent crude climbed above $90 a barrel for the first ti
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Prysmian signs €5.5 billion Molex deal in data centre push
(Corrects to say Prysmian will generate more than €10 billion in additional cumulative revenue from a broader set of deals and initiatives, not only the Molex agreement, in third bullet.)ROME, July 20 : Italian cable maker Prysmian said on Monday it had signed a long-term agreement worth up to €5.5 billi
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Blackstone invests in South Korean robotics supplier Futronic
July 20 : Blackstone has invested in Futronic, a supplier of high-precision actuators serving automotive and industrial robotics sectors, the world’s largest alternative asset manager said on Monday. The deal values the South Korean firm at about 1 trillion won ($676.04 million), according to a person with k
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Ryanair profit slumps 34% as airlines brace for a ‘difficult winter’ amid Middle East crisis
Ryanair’s first-quarter profit took a 34% hit as consumers delayed bookings due to the Middle East crisis, while struggling airlines face a “difficult winter.”
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Analysis:Could AI chip boom make ASML Europe’s first trillion-dollar firm?
AMSTERDAM, July 20 : The global artificial intelligence boom has propelled ASML to the top of Europe’s stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to make them.After blowout second quarter earnings, investors and analysts
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FIFA emerges as the $9 billion winner as the biggest, brashest World Cup ever draws to a close
The football governing body presided over the most lucrative sporting event in history and is poised to net over $9 billion in revenue for 2026.
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Asia shares shaky as oil climbs, earnings loom
SYDNEY, July 20 : Asian share markets slipped on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the AI trade.Brent crude climbed above $90 a barrel for the first time in more than…
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Oil jumps on Iran strikes, Hormuz shipping incident
HONG KONG: Oil prices surged in early Asian trade on Monday (Jul 20) after the United States struck Iran for a ninth consecutive night and a vessel caught fire in the Strait of Hormuz.The gains reflected gr
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