Tag: Business
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Delta expects higher airfare to last, bringing 2026 profit goal in reach, CEO says
Delta is the first of the U.S. airlines to report second-quarter results.
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SK Hynix’s marquee US debut to test AI appetite
July 10 : SK Hynix’s U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors’ belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Chip stocks have lost some momentum in recent weeks after a stellar run, partly due to investo
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Binance eyes more Asia licences as crypto adoption grows, says co-CEO
The cryptocurrency exchange’s co-CEO Richard Teng believes blockchain will be the future of financial services, but says wider adoption will depend on greater regulatory clarity and increased institutional participation.
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SoftBank, PayPay in talks to invest in Seven & i, Bloomberg reports
TOKYO, July 10 : SoftBank Corp and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings, Bloomberg News reported on Friday.The investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may also take a sta
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Volkswagen to slash model lineup and shrink capacity — but no word on job cuts
The update followed a high-stakes boardroom showdown with the group’s supervisory board.
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Japan’s wholesale inflation spikes as fuel costs, weak yen bite
TOKYO, July 10 : Japan’s wholesale inflation accelerated in June at the fastest pace in more than three years and the government brushed aside market concern over political interference in monetary policy, bolstering the case for further interest rate hikes.The producer price index surged 7.1 per cent in June
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BOJ may raise growth forecast, maintain vigilance to inflation risk, sources say
TOKYO, July 10 : The Bank of Japan may revise up its economic growth forecast for fiscal 2026 and keep its focus on the risk of an inflation overshoot as rising costs from a weak yen and strong AI demand offset some of the declines in oil prices, said three sources familiar with its thinking.The…
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Hanwha Ocean sold around $2 billion in dollar-won forward market, source says
SEOUL, July 10 : South Korean shipbuilder Hanwha Ocean sold around $2 billion in the dollar-won forward market on Friday, a source familiar with the matter told Reuters. Hanwha Ocean was not immediately available to provide official comment. The source declined to be identified due to the sensitivity of the m
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SK Hynix set for marquee US debut in test for AI appetite
July 10 : SK Hynix’s U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors’ belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Chip stocks have lost some momentum in recent weeks after a stellar run, partly due to investo
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