Tag: Business
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Seven & i logs hefty quarterly profit jump, lifts annual forecast on yen weakness
TOKYO, July 9 : Japan’s Seven & i Holdings booked a 61 per cent rise in first-quarter operating profit after volatile energy markets boosted U.S. gasoline sale margins, and hiked its full-year outlook on a sharp decline in the yen.The 7-Eleven operator generated operating income of 105 billion yen over the Ma
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French competition authority’s Nvidia probe nearing end
PARIS, July 9 : The French competition authority said on Thursday its probe into chipmaker Nvidia Corp is coming to an end.The agency is investigating the chipmaker over alleged anti-competitive practices.”We are nearing the end of the investigation,” Umberto Berkani, the French competition authority’s
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India removes import duty on some electronics, smartphone parts
NEW DELHI, July 9 : India has scrapped import duties on some parts used to make mobile phones and other electronic devices, removing the current 7.5 per cent and 5 per cent levies, in a move that could help companies like Apple and Xiaomi.Here are more details:• Items include key parts for producing
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Oil prices fall as markets weigh impact of US strikes on Iran
(Refiles to fix typo in headline to “fall” from “fell”)By Anushree MukherjeeJuly 9 : Oil prices fell on Thursday as markets assessed the impact of fresh U.S. strikes on Iran, which could hinder progress on talks to end their war and allow for the full reopening of the key Strait of Hormuz.Brent
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SK Hynix’s US listing more than seven times oversubscribed, source says
SEOUL, July 9 : Demand for SK Hynix’s $28 billion U.S. share sale was more than seven times available shares, a person familiar with the matter said, underscoring huge investor appetite for a pivotal company in the AI supply chain.The offering from the South Korean chipmaker, which will finance new factories
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UK’s Playtech forecasts 2026 profit beat on strong US, Latam growth
July 9 : UK gaming firm Playtech on Thursday forecast 2026 adjusted core profit above market expectations, after strong growth in the United States and Latin America boosted first-half earnings.Shares surged nearly 19 per cent to 375.60 pence by 0750 GMT.Here are some more details:• Playtech e
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Oil prices little changed as markets weigh impact of US strikes on Iran
July 9 : Oil prices were little changed on Thursday as markets assessed the impact of fresh U.S. strikes on Iran, which could hinder progress on talks to end their war and allow for the full reopening of the key Strait of Hormuz.Brent crude futures rose 6 cents, or 0.1 per cent, to $78.08 a…
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Uniqlo operator Fast Retailing says Q3 profit jumped 45.7%, raises forecast
TOKYO, July 9 : The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 45.7 per cent, as it weathered the impact on supply chains and logistics from the Iran war on its way to an expected fifth straight year of record earnings.Fast Retailing said its operating profit was 213.7
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Rubrik unveils $500 million UK investment, names London as European HQ
LONDON, July 9 : U.S. cybersecurity and data resilience and company Rubrik said on Thursday it would invest more than $500 million over the next five years in Britain, one of its fastest growing markets, and establish its European headquarters in London.”The UK is one of the world’s leading technology markets
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Dollar stands tall as new Gulf attacks fuel oil price surge, Fed hike bets
HONG KONG, July 9 : The U.S. dollar held firm against most major currencies on Thursday as renewed attacks by the U.S. and Iran revived safe-haven bids while surging oil prices boosted rate hike bets, keeping the Japanese yen under pressure.The dollar fetched 162.425 yen, hovering near the strongest level in
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