Tag: Business
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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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Japan benchmark bond yield extends rise after hitting 30-year high
TOKYO, July 9 : The benchmark 10-year Japanese government bond yield hit a 30-year high on Thursday, driven by concerns over inflation from renewed tensions in the Middle East and Japan’s fiscal health, while a five-year JGB auction was relatively firm as expected.The 10-year JGB yield rose 3.5 basis points t
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Oil rises after US launches fresh strikes on Iran
July 9 : Oil prices rose more than 1 per cent on Thursday after the U.S. carried out fresh strikes on Iran, denting hopes for talks to end their war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies.Brent crude futures rose 86 cents, or…
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OpenAI to launch new model after US freeze
SAN FRANCISCO: ChatGPT-maker OpenAI said its latest and most powerful artificial intelligence model will be released to the public on Thursday (Jul 9), as the United States government reportedly approved a broader launch.The company’s new GPT-5.6 offerings and other cutting-edge AI models, including Anthropic
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SK Hynix 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 one of the most important companies in the AI supply chain.The offering from the South Korean chipmaker, which will fina
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Japan bond market signals waning faith in inflation, government’s fiscal management
TOKYO, July 9 : Japan’s bond market is signalling diminishing confidence that the central bank can contain inflation while the government’s spending ambitions further strain the nation’s finances.Yields on 10- and 20-year Japanese government bonds (JGBs) shot to multi-decade highs this week as concerns resurf
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Oil rises after US launches fresh strikes against Iran
BEIJING, July 9 : Oil prices rose on Thursday after the U.S. launched fresh strikes against Iran, denting hopes for an end to the Iran war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies.Brent crude futures rose 78 cents, or 1 per cent to…
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Indonesia’s Pertamina, Boeing sign MoU on sustainable aviation fuel development
JAKARTA, July 9 : Indonesian state energy firm Pertamina said it has signed a memorandum of understanding (MoU) with U.S. planemaker Boeing to explore opportunities in developing a sustainable aviation fuel (SAF) industry in the country.Here are some key details:• The agreement aims to support Indone
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