Tag: Business
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India court rejects Telegram’s appeal against temporary blocking of app
NEW DELHI, June 19 : A New Delhi court on Friday rejected Telegram’s appeal against a temporary ban in India, a setback for the messaging app which had challenged the prohibition imposed to curb alleged exam-related fraud.India will conduct its national undergraduate medical entrance exam on Sunday, a month
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Turkish competition board approves Uber acquisition of Getir delivery business
ISTANBUL, June 19 : The Turkish Competition Board said on Friday it had approved Uber Technologies Inc.’s acquisition of the delivery arm of Turkey’s Getir from Emirati controlling shareholder Mubadala.”The commitment by Uber Technologies Inc. to invest a total of US$500 million in Turkey is expected to suppo
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Zealand Pharma stock suffered its two worst days on record. Here’s what’s next for the weight loss drugmaker
While the market’s enthusiasm for one of Zealand’s experimental drugs has cooled, investors are shifting focus to amylin-based medicines as a growth driver
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Oil falls as supply moves through Strait of Hormuz after Iran war pact
NEW DELHI, June 19 : Oil prices fell on Friday as prospects brightened for more supply after oil tankers began moving through the reopening Strait of Hormuz following a peace deal between the United States and Iran.By 0328 GMT, Brent crude futures fell 43 cents, or 0.54 per cent, to $79.42 a barrel and U.S.…
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Indian IT stocks tumble as bellwether Accenture flags weak outlook
BENGALURU, June 19 : India’s Nifty IT index slumped 5.6 per cent on Friday after industry bellwether Accenture forecast quarterly sales below Wall Street view and lowered the upper end of its annual revenue outlook due to weakness in its Middle East business.Shares of Indian IT companies, including Tata Co
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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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Hyundai to buy SoftBank’s remaining stake in Boston Dynamics for $325 million, newspaper says
SEOUL, June 19 : Hyundai Motor Group plans to buy SoftBank Group’s remaining 9.65 per cent stake in Boston Dynamics for $325 million to make the U.S. robotics firm a wholly owned subsidiary, South Korea’s Maeil Business Newspaper reported on Friday. Hyundai Motor is expected to convene a board meeting on June
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Japan’s May core inflation stays below BOJ target, fuel-induced rise eyed
TOKYO, June 19 : Japan’s annual core inflation stayed below the central bank’s 2 per cent target for a fourth straight month in May, data showed on Friday, as fuel subsidies offset rising raw material costs from the Middle East conflict.Analysts expect consumer inflation to re-accelerate in coming months and
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