Tag: Business
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Japan ready to respond ‘appropriately’ to yen moves, government spokesperson says
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves, the government’s top spokesperson said on Thursday as the yen’s renewed slide tests Tokyo’s readiness to intervene in the market to prop up the sagging currency.”We are ready to respond appropriately to currency moves as needed a
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Google Gemini co-lead Noam Shazeer to join IPO-bound OpenAI
June 17 : Noam Shazeer, a vice president of engineering at Google and co-lead of its Gemini artificial intelligence models, said on Wednesday that he will leave the company to join IPO-bound ChatGPT maker OpenAI.• Shazeer’s move comes as leading AI firms compete for talent while racing to develop advanced m
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Oil slips again as US, Iran sign peace deal
BEIJING, June 18 : Oil prices fell in early trading on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, resolving the largest energy supply disruption in history.Brent crude futures were down 89 cent
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Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides
HONG KONG, June 18 : The U.S. dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate hikes this year, heaping fresh pressure on the Japanese yen toward intervention territory.The U.S. central bank held rates steady in a 3.50 per cent-3.75 per cent range as n
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Nvidia supplier SK Hynix ships samples of next-generation chips to major customers
SEOUL, June 18 : SK Hynix said on Thursday it has shipped samples of its latest high-bandwidth memory (HBM) chips to major customers, as the South Korean chipmaker seeks to strengthen its position in the fast-growing AI semiconductor market.The next-generation 12-layer HBM4E chip reaches speeds of up to 16 gi
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Stocks drop, bond yields rise; Fed keeps rates steady but projects hike for later this year
NEW YORK, June 17 : Major stock indexes fell, bond yields rose and the U.S. dollar extended gains on Wednesday after the Federal Reserve held the benchmark interest rate steady and new projections showed officials expect a hike in borrowing costs later this year amid increasing inflation concerns.Kevin Warsh,
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EU cybersecurity agency to meet Anthropic on Thursday, EU Commission says
BRUSSELS, June 17 : The European cybersecurity agency Enisa will hold a meeting with U.S. artificial intelligence company Anthropic on Thursday in San Francisco, a European Commission spokesperson told reporters on Wednesday.The meeting follows an invitation by Anthropic and was scheduled before a U.S. export
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Nippon Steel ‘not yet satisfied’ with US Steel reforms, Nikkei reports
June 18 : Nippon Steel has seen positive results from efforts to improve operations at U.S. Steel, one year after its acquisition, but is not yet satisfied with the pace of reforms, the Nikkei newspaper reported on Thursday, citing the steelmaker’s vice chairman and executive vice president.”We’re seeing impr
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Half of Japan firms see post-Iran war recovery taking over 6 months: Reuters Poll
TOKYO, June 18 : Nearly half of Japanese firms believe it will take more than six months for their business operations to return to normal after a ceasefire is achieved between the United States and Iran, a Reuters survey showed on Thursday. The survey took place before Washington and Tehran’s interim a
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Cramer’s lightning round: Buy Vistra
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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