Tag: Business
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Japan’s trend inflation index hits 3-year high, cements case for BOJ rate hike
TOKYO, Oct 27 : Japan’s core consumer price index, which strips out one-off factors, rose in September at the fastest annual pace in three years, data showed on Tuesday, a sign of broadening price pressures that cement the case for further interest rate hikes.The data comes ahead of the Bank of Japan’s two-da
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Oil slips 1% as Iran diplomacy eases supply fears
NEW DELHI, Oct 27 : Oil prices edged lower on Tuesday, falling about 1 per cent as prospects for a resolution of the US-Israeli war on Iran kept supply fears at bay with talks in Tehran, despite renewed Houthi attacks on Saudi Arabia.Brent crude futures were down $1, or 0.86 per cent, at $114.81 a…
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Moody’s sees positive shift in Japan’s growth, resilience remains key test
TOKYO, Oct 27 : Moody’s sees encouraging signs in Japan’s return to sustained growth and stable inflation, but a key test will be whether that resilience can withstand future shocks, the rating agency’s Japan sovereign analyst told Reuters on Tuesday.Moody’s rates Japan at A1, its fifth-highest investment-gra
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Japan stands ready to take decisive action in currency market, finance minister says
TOKYO, Oct 27 : Japanese Finance Minister Satsuki Katayama said on Tuesday the government stood ready to take decisive action in the currency market, suggesting Tokyo has not lowered its guard against persistent weakness in the yen.”We are always watching market moves, including now, with a high sense of urge
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China’s industrial profit growth picks up amid deepening economic divergence
BEIJING: China’s industrial profits grew at a faster pace in September, though a deepening divergence across the economy weighed on business earnings.Profits at industrial firms rose 14.4 per cent from a year earlier last month, quickening from a 4.2 per cent increase in August, data from the National Bureau
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China’s Unitree Robotics shares surge over 60% in less than two weeks despite industry risks warning
China’s Unitree Robotics has urged investors to exercise caution over the commercial prospects of humanoid robots.
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JYP Entertainment soars 10% on reports of tender offer plan to buy up to half of firm
SEOUL, Oct 27 : South Korean pop music agency JYP Entertainment’s shares jumped 10 per cent on Tuesday after Korean media reported Japan’s Nexroc Group and related firm SVCV Inc were planning to announce a tender offer to buy up to a 50 per cent stake in the company.The 50 per cent stake is worth…
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Bank of Korea warns country’s chip exports could fall by up to $100 billion if AI spending slows
SEOUL, Oct 27 : South Korea’s semiconductor exports could fall by $50 billion to $100 billion compared with earlier forecasts if capital spending on artificial intelligence by major US technology firms slows next year, according to central bank data.In a written response submitted to lawmaker Ahn Do-geol, the
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