Tag: cent
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Fed’s Williams sees no urgency for next rate hike
Federal Reserve policymakers probably only need to deliver one more rate hike this year to get inflation back on track to the US central bank’s 2 per cent goal, says New York Fed President John Williams.
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Japan August factory output unexpectedly falls
TOKYO, Sept 30 : Japan’s factory output unexpectedly fell in August from the previous month, government data showed on Wednesday.Here are a few details:• Industrial output shrank 1.7 per cent in August from the previous month, according to data released by the Ministry of Economy, compared to the med
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Exclusive-Anthropic IPO prospectus lays bare deep dependence on Big Tech partners
Sept 29 : Anthropic’s IPO prospectus shows how much it depends on a small group of customers and tech giants, highlighting key risks for the AI developer as it asks investors to back its ambitious, capital-intensive plan that it says will transform the global economy.The company routed 47 per cent of its sale
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Oil down, but stocks lower as bond yields rise
NEW YORK: US and European stocks traded mainly lower Tuesday (Sep 29) despite oil prices retreating from a recent surge, as bond yields pushed higher and investors waited for key inflation data.The US 30-year Treasury yield touched 5.62 per cent, a level not seen for 24 years, while the be
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Dollar keeps climbing as oil, US yields stay high; jobs data looms
LONDON/HONG KONG, Sept 29 : The dollar rose on Tuesday, set to surpass several-month highs against major peers, as volatile oil prices and a rapid climb in Treasury yields lent support, while the Aussie struggled as traders saw a dovish message hidden inside a rate hike. The euro dropped 0.24 per cent to $1.1
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Tata shares slip as trusts’ proposal clouds Tata Sons listing prospects
Sept 29 : Tata group shares fell on Tuesday after the controlling charities proposed a restructuring of the holding company to prevent a central-bank-mandated listing, disappointing some investors.A group of Tata charities collectively known as Tata Trusts on Monday proposed merging two group entities with Ta
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Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%
HONG KONG, Sept 29 : Shares of fast-fashion retailer Shein dropped more than 6 per cent on Tuesday after it reported a 67 per cent fall in quarterly profit, fuelling investor concerns over margin pressure and slowing growth. Jefferies analysts estimated that earnings landed more than 10 per cent below the low
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South Korean exports seen rising for 16th month on solid AI chip demand: Reuters poll
SEOUL, Sept 29 : South Korean exports likely rose for a 16th consecutive month in September on solid chip demand tied to AI investments, a Reuters poll showed on Tuesday, though growth was seen moderating due to fewer working days compared with a year earlier.Exports from Asia’s fourth-largest economy, a bell
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Shein quarterly profit falls 67% as costs jump, Europe sales slump
Sept 28 : Fast-fashion platform Shein reported plunging profit and sliding European sales on Monday in its first results as a public company, feeding investor worries over margin pressure and slowing growth. Adjusted net profit was $228 million for the second quarter, down 67 per cent from a year ago, and its
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Shein reports sharp drop in Europe sales after price hikes
Sept 28 : Fast-fashion platform Shein reported a sharp drop in sales in Europe in the second quarter after it hiked prices and cut online advertising in anticipation of the European Union imposing fees on low-value e-commerce parcels from July 1.Since its September 1 debut in Hong Kong, Shein’s shares have
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