Tag: cent
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Euro slides as concerns about French debt mount
NEW YORK: The euro slid Monday (Oct 5) to its lowest level against the dollar in 17 months on worries about France’s high debt and deficits, which have sent its government bond yields soaring.But equities traded broadly higher despite the pressure of elevated bond yields, with the Nasdaq hitting
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Euro drops to 17-month low on France debt concerns
NEW YORK, Oct 5 : The euro stumbled to a 17-month low against the dollar on Monday as concerns about France’s ability to tame its budget deficit and a sharp bond market selloff last week boosted fears of a potential sovereign debt crisis in the euro zone, while US economic data showed inflation pressures.Fren
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Euro sinks to 17-month low on France debt fears
NEW YORK, Oct 5 : The euro slumped to a 17-month low against the dollar on Monday as concerns about France’s ability to rein in its budget deficit and a sharp bond market selloff last week elevated fears of a potential sovereign debt crisis in the euro zone, while US economic data showed inflation pressures.F
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Euro hits 17-month low, dollar near pre-Liberation Day highs
Oct 5 : The euro slid to a 17-month low against the dollar on Monday as concerns about France’s ability to rein in its budget deficit and a sharp bond market selloff last week stirred fears of a return of sovereign debt crisis dynamics in the euro zone.French government bonds have come under pressure as…
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India’s IT stocks gain as Accenture outlook lifts sector sentiment
Oct 5 : India’s Nifty IT Index rose roughly 1.6 per cent on Monday after IT services firm Accenture forecast stronger-than-expected annual revenue growth, lifting sentiment toward the sector and easing concerns that AI-driven disruption could dent technology spending.Accenture’s results, often viewed as a bel
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Analysis:AI’s race to transform the world before the money runs out
LONDON, Oct 3 : Never has so much cash flowed into a new technology as is pouring into AI, eclipsing the sums splurged on railways or the internet when those technological revolutions sucked in capital.Cumulative spending globally on data centers alone could top $30 trillion by 2050, according to a projection
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Stocks rise after weak US jobs data but bonds resume selling
NEW YORK/LONDON, Oct 2 : Major stock indexes rose and the dollar fell on Friday as expectations for a Federal Reserve interest rate increase later this month fell after softer-than-forecast US jobs data. Yields, however, rose again, as the bond market resumed an ongoing selloff that has seen global yields
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Stocks climb after weak US jobs data, but bonds resume selling
NEW YORK/LONDON, Oct 2 : Major stock indexes rose and the dollar fell on Friday as expectations for a Federal Reserve interest rate hike later this month fell after softer-than-forecast US jobs data. Yields, however, rose again, as the bond market resumed an ongoing selloff that has seen global yields rise
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Dollar set for fourth weekly gain versus euro
NEW YORK, Oct 2 : The dollar was on track for a fourth straight weekly gain against the euro on Friday, supported by elevated US Treasury yields amid a selloff in European government bond markets and expectations the Federal Reserve will maintain its hawkish interest rate stance. The greenback trimmed some
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Stocks gain, dollar falls after US jobs data; bond yields higher
NEW YORK/LONDON, Oct 2 : Major stock indexes rose and the dollar fell on Friday as expectations for an interest rate hike from the Federal Reserve later this month fell after softer-than-forecast US jobs data, while US bond yields were higher after reversing early declines. Nonfarm payrolls increased by 29,0
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