Tag: cent
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South Korea plans to cut its reliance on Middle crude oil imports to 50% by 2035
SEOUL, Sept 23 : South Korea aims to reduce its reliance on crude oil from the Middle East to 50 per cent by 2035, as Asia’s fourth-biggest economy seeks to diversify energy supplies following the disruption caused by the Iran war, the Industry Ministry said on Wednesday. In its 10-year natural resources secu
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Nasdaq sets record high, oil dips on improved crude flows
NEW YORK, Sept 22 : The tech-heavy Nasdaq hit a record closing high on Tuesday, while oil prices and Treasury yields dipped in choppy trading as crude flows through the Middle East improved.The Nasdaq was boosted by Micron Technology and other AI-related stocks as AI demand showed no signs of abating and corp
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Financial stocks fall with AI and flattening yield curve in focus
Sept 22 : The S&P 500 Financial index and the benchmark’s bank sector were under pressure on Tuesday as investors worried about competition from artificial intelligence and uncertainty around AI-related initial public offerings, along with moves in the bond market that potentially point to softer conditions ahead.
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Nasdaq sets record high on AI optimism, oil drops below $100
NEW YORK, Sept 22 : The tech-heavy Nasdaq hit an intraday record high for the first time since June on Tuesday, while oil prices hit two-week lows as supply showed signs of improving in the Middle East.Tech stocks reclaimed the spotlight as AI demand showed no signs of abating and corporate earnings stayed r
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Dollar choppy as investors weigh oil drop against Fed rate path
Sept 22 : The dollar was slightly higher on Tuesday, but off a two-month high hit earlier in the day as investors weighed another decline in oil prices against the possibility of more rate hikes from the Federal Reserve. Oil prices were down more than 2 per cent to a two-week low following Iran’s proposal…
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Dollar falters after Iran’s offer to reopen Hormuz sends oil lower
Sept 22 : The dollar whipsawed on Tuesday, weakening after hitting a near-two-month high after oil prices fell following Iran’s proposal to reopen the Strait of Hormuz within seven days if the US eases military pressure.The US currency fell 0.12 per cent versus the yen to 157.15, while the euro was largely un
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Three out of four Americans say AI firms not doing enough to prevent disaster, Reuters/Ipsos poll finds
WASHINGTON, Sept 22 : Three-quarters of Americans, some 73 per cent, worry that AI companies haven’t gone far enough to prevent AI from causing serious harm to society, as concerns grow about where the technology may lead, according to a new Reuters/Ipsos poll.The four-day poll, which concluded on Sunday, fou
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Yen extends losing streak as traders question BOJ’s rate-hike pace
Sept 22 : The yen was on track for a third straight day of losses versus the dollar on Tuesday, as traders weighed whether the Bank of Japan would raise rates quickly enough to close the gap with global peers.Despite the BOJ’s rate hike last week, the Japanese currency has retreated from a seven-month high…
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Indian shares likely to open higher on easing oil prices, bond yields
Sept 22 : Indian shares were likely to open higher on Tuesday, following gains in Wall Street and Asian stocks, as easing crude prices and Treasury yields supported investor sentiment ahead of potential US-Iran talks at the UN General Assembly this week.GIFT Nifty futures were at 23,500 points, as of 7:45 a.m
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Floor interest rate for CPF Special, MediSave and Retirement accounts to remain at 4% for 2027
This extension will help members grow their retirement savings, providing them with certainty on their CPF returns amid the uncertain economic and interest rate environment, said the CPF Board and HDB.
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