Tag: cent
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BOJ could raise rates every quarter, ex-policymaker says
TOKYO, Sept 24 : The Bank of Japan is expected to raise interest rates roughly once every three months and push them up to 2 per cent by around June next year to combat mounting inflationary pressures, former bank board member Makoto Sakurai said on Thursday.In raising interest rates to a 31-year high of 1.25
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Stocks fall on soaring bond yields, higher oil prices
NEW YORK: Stock markets fell Wednesday (Sep 23) as oil prices rose sharply and US bond yields jumped on inflation fears, with world leaders at the UN General Assembly offering little to suggest progress in ending turmoil in the Middle East.After several sessions of falls, the price of Nort
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Trading Day: US yields cross 5% threshold
ORLANDO, Florida, Sept 23 : US bond yields soared on Wednesday, in many cases to the highest since 2007, and expectations of an interest rate hike next month surged, after figures showed that US business activity is expanding at its fastest pace in more than five years.The sharp rise in market borrowing costs
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Dollar jumps to near two-month high on Fed outlook, inflation concern
NEW YORK, Sept 23 : The US dollar rallied to its highest level in nearly two months on Wednesday as investors’ expectations of a near-term Federal Reserve rate hike grew, while oil prices jumped after Iran cast doubt on progress in peace talks.Since the central bank’s rate hike of 25 basis points last week to
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Meta’s Muse rekindles fears over winners and losers as personal AI agent emerges
Sept 23 : Meta’s Muse, the first major consumer product to emerge under Alexandr Wang since he was hired to head its AI efforts last year, has split the fortunes of US stocks this week.Muse, which allows users to delegate tasks such as shopping, travel booking and form-filling to an AI agent, overtook ChatGPT
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US stocks fall as 10-year Treasury yield hits highest since 2007
NEW YORK, Sept 23 : US shares dropped while benchmark 10-year Treasury yields hit the highest level since 2007 on Wednesday after data showed that US business activity raced to a more than five-year high in September, fueled by a surge in new orders.S&P Global said on Wednesday its flash US Composite PMI Outp
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Dollar jumps to near two-month high on Fed outlook, oil climb
NEW YORK, Sept 23 : The US dollar rose to its highest level in nearly two months on Wednesday as investors priced in a rate hike cycle from the Federal Reserve, while oil prices jumped as comments from Iran cast doubt on progress in peace talks.In the wake of the central bank’s rate hike last…
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Exclusive-LG, Samsung face India tariff evasion investigation over OLED TV parts
NEW DELHI, Sept 23 : India is investigating LG Electronics and Samsung for allegedly paying lower tariffs on imported display parts of high-end TVs, five sources told Reuters, putting under scrutiny the premium entertainment devices both South Korean giants have bet big on.Lengthy import tariff and tax invest
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COE premiums all close lower in latest bidding exercise
Category A premiums fell to S$131,890 after hitting a record high in the last bidding exercise.
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Singapore’s core inflation rises to nearly two-year high of 2.2% in August
Consumers could face higher prices in the months ahead as energy costs remain elevated.
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