Tag: cent
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Hyundai lifts margin target, expands US hybrid lineup
SEOUL, Aug 26 : Hyundai Motor on Wednesday unveiled plans to add 1.27 million units of production capacity by 2030 and expand its U.S. hybrid lineups, as the South Korean automaker seeks to lift its operating profit margin above 9 per cent within four years.Hyundai said it would launch or refresh over 100 veh
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Exclusive-BNP Paribas, KB Kookmin in talks for $2 billion Vietnam Techcombank stake, sources say
HONG KONG/HANOI, Aug 26 : France’s BNP Paribas and South Korea’s KB Kookmin Bank are in separate talks to acquire at least a 15 per cent stake in Vietnam’s Techcombank as strategic investors, in a deal that could be worth $2 billion, two sources said.The potential deal, which has not been reported previously,
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BOJ to speed up its tightening campaign, raise key rate to 1.25% in September: Reuters poll
TOKYO, Aug 26 : The Bank of Japan will move more swiftly than previously expected and raise interest rates again in September, a majority of economists said in a Reuters poll, with the terminal rate also likely to be higher.Poll results reflect in part the Japanese central bank’s growing wariness about inflat
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Intuit’s annual forecast falls short of estimates as it prioritizes customer growth
Aug 25 : Intuit forecast annual revenue below Wall Street expectations on Tuesday, as the TurboTax maker said its push for customer growth and market-share gains would weigh on near-term sales.Shares of the California-based company, which have fallen more than 44 per cent so far this year, were down 13 per ce
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Equities rise with tech boost and yields fall with oil prices
NEW YORK/LONDON, Aug 25 : MSCI’s global equities gauge rose on Tuesday as investors awaited economic data and Nvidia’s financial results, while bond yields declined and oil prices fell following a U.S. threat to expand sanctions against Iran.Yields on U.S. 10-year and 30-year bonds were set for a second strai
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Nvidia shares set for US$280 billion price swing after earnings, options show
NEW YORK: Options traders are pricing in a US$280 billion swing in Nvidia’s market value after the company reports second-quarter earnings on Wednesday afternoon (Aug 24), as investors seek fresh insight into the demand driving the technology sector. The chipmaker’s options are pricing in a 5.4 per cent
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Dollar inches up as markets weigh Iran sanctions, Treasury buybacks
HONG KONG, Aug 25 : The U.S. dollar regained some strength on Tuesday, as investors parsed Washington’s expanded sanctions against Iran and renewed efforts to ease pressure on longer-dated Treasury yields, while cryptocurrencies extended a rally on debasement fears.U.S. Treasury Secretary Scott Bessent unveil
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Nvidia shares set for $280 billion price swing after earnings, options show
NEW YORK, Aug 25 : Options traders are pricing in a $280 billion swing in Nvidia’s market value after the company reports second-quarter earnings on Wednesday afternoon, as investors seek fresh insight into the demand driving the technology sector.The chipmaker’s options are pricing in a 5.4 per cent move in
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Thailand car production rises 6.1% on year in July
BANGKOK, Aug 25 : Car production in Thailand rose 6.12 per cent in July from a year earlier to 117,383 units, the Federation of Thai Industries said on Tuesday.• The reading follows a year-on-year fall of 7.55 per cent in June. The FTI has previously forecast a 3.33 per cent drop in car production for…
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Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks
HONG KONG, Aug 25 : The U.S. dollar struggled to hold onto gains against major peers on Tuesday, as investors parsed Washington’s expanded Iran-related sanctions and renewed efforts to ease pressure on longer-dated Treasury yields. The euro was a shade higher at $1.1668, hovering near a three-month peak hit l
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