Tag: Business
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Dollar at two-month high as Gulf hostilities flare, yen near intervention zone
HONG KONG, June 4 : The dollar traded near a two-month high on Thursday as renewed Gulf hostilities sapped risk appetite, while traders were alert to the possibility of intervention as the Japanese yen hovered near the key 160 level.Iranian attacks on Kuwait damaged its airport and injured dozens on Wednesday
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South Korea’s KEPCO wins Saudi Jafurah power project, seen worth $1.4 billion
SEOUL, June 4 : Korea Electric Power Corp (KEPCO) said it had won a contract to build and operate the second phase of a cogeneration power plant at Saudi Arabia’s Jafurah project, expanding its presence in the kingdom’s energy market. The company expects total revenue of about 2.1 trillion won ($1.4 billion)
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Broadcom tumbles as revenue miss clouds AI boom bets
June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors’ lofty expectations of stronger momentum from the AI boom.The chipmaker could lose more than $285 billion in market cap at the current price of $4
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Genome study shows what made the extinct Ice Age cave lion unique
June 4 : The cave lion was one of the biggest cats to ever live, prowling a huge swathe of territory from Western Europe across Siberia and into North America and hunting large prey – and perhaps even people – before going extinct around the end of the Ice Age.New genome research reveals what made…
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Bank of Japan expected to raise rates this month, sources say
TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy.With hostilities flaring anew in the Iran war, cen
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Dollar at 2-month high as Gulf hostilities flare, yen wobbles near intervention zone
HONG KONG, June 4 : The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert. Iranian attacks on Kuwait damaged its airport and injured dozens on Wedne
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BOJ expected to raise interest rates in June, sources say
TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting inflationary pressure in the economy.With hostilities flaring anew in the Iran w
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Oil falls as Lebanon and Israel agree on a ceasefire
BEIJING/PERTH, June 4 : Oil prices fell on Thursday as a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Brent futures were down 87 cents, or 0.89 per cent, at $96.92 a barrel by…
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Meta repeatedly pushes back new AI model release for developers, WSJ says
June 3 : Meta has repeatedly pushed back plans to release its new Muse Spark AI model API to developers, and as of Tuesday, had no scheduled launch date, the Wall Street Journal reported, citing people familiar with the matter. A Meta spokesperson told Reuters on Wednesday that the company is already testing
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Indonesia passes sweeping bill expanding central bank role to spur growth
JAKARTA, June 4 : Indonesia’s parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank.Parliament passed the bill by acclamation, with support from
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