Tag: Business
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Dollar at one-month low as cooling inflation offsets oil price risks
July 16 : The dollar hovered near its one-month low on Thursday as investors weighed subdued U.S. inflation data, which dampened rate-hike expectations, against the risk of a further oil price spike that could support the greenback.U.S. Treasury yields fell on Wednesday after a second consecutive day of data
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Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy
SEOUL, July 16 : Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake of around 10 per cent, a move it said would help it deploy advanced robotics across its operations.Terms of the deal were not disclo
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South Korea toughens regulations on single-stock leveraged ETFs
SEOUL, July 16 : South Korea’s financial regulator on Thursday unveiled a series of regulatory measures aimed at easing market volatility triggered by exchange-traded funds (ETFs) that are tied to certain major technology firms. So-called single-stock, leveraged ETFs linked to chipmakers Samsung Electronics a
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Oil eases as traders lock in gains, assess Iran escalation
TOKYO/BEIJING, July 16 : Oil prices turned lower on Thursday as traders took profits while assessing the risks from a new wave of U.S. strikes on Iranian military installations that stoked fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz.The U.S. struck Iran’s coastal defenc
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Dollar stabilises above one-month low as traders focus on inflation risks
HONG KONG, July 16 : The U.S. dollar stabilised on Thursday after touching a one-month low, as soft inflation data reinforced bets that the Federal Reserve will hold off on hiking rates, while fresh Middle East tensions posed a risk to the outlook.The euro held firm near a one-month high, last trading at $1.1
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Japan household inflation expectations rise, build case for BOJ rate hikes
TOKYO, July 16 : Japanese households’ inflation expectations crept up and the ratio of those expecting prices to rise a year from now hit a record high, a quarterly central bank survey showed on Thursday, bolstering the case for further interest rate hikes.The survey, which followed a separate poll showing co
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UK regulator to probe TikTok on child safety measures
July 16 : Britain’s media regulator launched an investigation into TikTok on Thursday to understand whether its UK unit failed or is failing to protect children from harmful content.A month ago, the government imposed a blanket ban on social media for users under the age of 16 and placed restrictions on gamin
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Oil prices turn lower as traders weigh impact of renewed US strikes on Iran
TOKYO/BEIJING, July 16 : Oil prices turned lower on Thursday as traders took profits and evaluated the risks from a new wave of U.S. strikes on Iranian military installations, which fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz.The United States struck Iran’s coas
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More Japanese households see prices rising, BOJ survey shows
TOKYO, July 16 : Over 90 per cent of Japanese households expect prices to rise a year from now, a central bank survey showed on Thursday, higher than three months ago in a sign of broadening inflationary pressure that could heighten the case for further interest rate hikes.The survey will be among factors the
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Airbus picks Iliad’s Scaleway for AI, defence work in sovereignty push
July 16 : Airbus said on Thursday it had signed a multi-year agreement with Iliad-owned Scaleway to provide cloud infrastructure for sensitive industrial and defence applications, supporting the deployment of AI tools developed with French startup Mistral.The European planemaker said Scaleway would host criti
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