Tag: Business
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Apple supplier Luxshare leads lukewarm IPOs in Hong Kong as investors get picky
HONG KONG, July 9 : Shares of Luxshare Precision Industry led losses among IPO debutants in Hong Kong on Thursday after raising HK$24.27 billion ($3.10 billion) in the city’s biggest listing this year, as investors became more selective amid a fundraising rush and rising volatility. The stock dropped as much
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SpaceX and AI startup wealth fuels demand for private jets
NEW YORK/MONTREAL, July 9 : Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, burying her in paperwork for aircraft-purchase agreements.The Cleveland-based attorney attributed the ru
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SAP to make it easier for customers to switch, averts EU fine
BRUSSELS, July 9 : SAP, Europe’s largest software maker, will make it easier for its customers to switch to rival service providers or end their contracts, EU antitrust regulators said on Thursday as part of concessions aimed at staving off a possible fine.In September last year, the European Commission launc
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Google appeals Indian ruling over its ads platform, citing consumer harm
NEW DELHI, July 9 : Google has challenged an Indian court ruling that it infringed on a company’s trademark rights by allowing rivals to use its name as an advertising keyword, arguing the decision will hurt consumers, documents reviewed by Reuters show.The May decision could reshape the online ads market in
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PepsiCo earnings miss estimates as North American consumers tighten their budgets
PepsiCo reported weaker-than-expected quarterly earnings despite strong international demand.
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Dollar follows oil lower; Gulf tensions, Fed minutes in focus
HONG KONG/LONDON, July 9 : The dollar eased slightly from this week’s highs on Thursday as the U.S. and Iran carried out renewed attacks, despite a spike in oil prices that rekindled concerns about inflation and boosted expectations the Federal Reserve could soon raise interest ratesMinutes on Wednesday from
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Seven & i logs hefty quarterly profit jump, lifts annual forecast on yen weakness
TOKYO, July 9 : Japan’s Seven & i Holdings booked a 61 per cent rise in first-quarter operating profit after volatile energy markets boosted U.S. gasoline sale margins, and hiked its full-year outlook on a sharp decline in the yen.The 7-Eleven operator generated operating income of 105 billion yen over the Ma
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French competition authority’s Nvidia probe nearing end
PARIS, July 9 : The French competition authority said on Thursday its probe into chipmaker Nvidia Corp is coming to an end.The agency is investigating the chipmaker over alleged anti-competitive practices.”We are nearing the end of the investigation,” Umberto Berkani, the French competition authority’s
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India removes import duty on some electronics, smartphone parts
NEW DELHI, July 9 : India has scrapped import duties on some parts used to make mobile phones and other electronic devices, removing the current 7.5 per cent and 5 per cent levies, in a move that could help companies like Apple and Xiaomi.Here are more details:• Items include key parts for producing
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Oil prices fall as markets weigh impact of US strikes on Iran
(Refiles to fix typo in headline to “fall” from “fell”)By Anushree MukherjeeJuly 9 : Oil prices fell on Thursday as markets assessed the impact of fresh U.S. strikes on Iran, which could hinder progress on talks to end their war and allow for the full reopening of the key Strait of Hormuz.Brent
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