Tag: Business
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Dollar heads for biggest weekly drop since April as jobs data dims Fed hike bets
LONDON, July 3 : The U.S. dollar fell towards its biggest weekly loss in 12 weeks on Friday after a tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing some relief for the embattled Japanese yen. Broad dollar weakness lifted the euro to near a two-w
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Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says
TOKYO, July 3 : Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 million shares, or about
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Eneos secures enough crude through September, seeks source diversification
TOKYO, July 3 : Eneos Holdings, Japan’s biggest oil refiner, has stabilized its oil procurement and secured sufficient alternative crude supplies through September after the Iran war disrupted Middle Eastern supply, its chief financial officer said. “We have a good outlook for supplies through September. The
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PM Wong encourages Singaporeans to visit, do business in Timor-Leste as it opens up
He urged Singaporean businesses to look at opportunities as Timor-Leste’s economy diversifies beyond oil and gas into sectors such as hospitality and infrastructure.
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Oil prices little changed ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices were little changed on Friday before a long holiday weekend in the U.S., as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures climbed 7 cents, or 0.1 per cent, to $71.87 a barrel as…
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South Korean conglomerates unveil $195 billion of investment in industrial projects
SEOUL, July 3 : South Korean conglomerates SK Group, Hyundai Motor Group and Hanwha on Friday unveiled investment initiatives spanning robotics, manufacturing AI, self-driving mobility and space projects for the country’s southeast. The business groups announced the decisions at an event announcing advanced
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Exclusive-World’s biggest domain seller fears India’s fake site crackdown could damage internet
NEW DELHI, July 3 : The world’s biggest internet domain seller, GoDaddy, has warned that India’s crackdown on fake websites impersonating famous brands will make the internet less safe for legitimate businesses and carry global ramifications.Soaring smartphone and internet use has coincided with a worsening p
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Toyota and Daimler to reduce stakes in Archion, selling shares up to worth $1.87 billion, Nikkei says
TOKYO, July 3 : Automakers Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 million shares
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Japan keeps yen intervention threat alive, says in close touch with US
TOKYO, July 3 : Japan issued a fresh warning to currency markets on Friday as Finance Minister Satsuki Katayama said Tokyo was in regular contact with Washington on foreign exchange issues and remained ready to support the yen after it clawed its way back from 40-year lows.The yen got some relief from broad d
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