Tag: cent
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Hasbro raises annual revenue forecast on strong demand for digital games
Oct 20 : Hasbro raised annual revenue forecast on Tuesday, betting on strong demand for its digital games, including “Magic: The Gathering”, ahead of the crucial holiday season.The Play-Doh maker has posted consecutive gains in its digital gaming segment over the past seven quarters, while an increase in sale
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Shares slide again as oil stays high; AI earnings in focus
Oct 20 : European shares fell for the second straight day on Tuesday, as another rise in crude oil prices kept risk sentiment in check, while investor focus honed in on results from key AI bellwether companies later this week. The pan-European STOXX 600 dipped 0.6 per cent after dropping close to 1 per cent
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OVHcloud eyes faster 2027 growth as it posts first positive cash flow since IPO
Oct 20 : French cloud operator OVHcloud reported its first positive levered free cash flow since its 2021 listing on Tuesday, as its revenue grew 7.2 per cent to €1.15 billion ($1.29 billion) in the financial year through August.The milestone means OVHcloud now covers its heavy capital spending from its ow
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Bank of Japan may raise inflation forecast, stand pat on rates, sources say
TOKYO, Oct 20 : The Bank of Japan may raise its inflation outlook for the next fiscal year in forecasts due this month, as rising oil prices exert longer-than-expected price pressures on the economy, four sources familiar with the central bank’s thinking said.Having just raised interest rates last month, the
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Shares stumble, oil rises as investors await AI sector earnings
TOKYO, Oct 20 : Asian stocks retreated broadly on Tuesday while oil prices rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The euro recouped some losses from the previous session that were spurred by escalating riots in France. Crude prices resumed their climb
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OVHcloud meets 2026 targets, posts first positive cash flow since IPO
Oct 20 : French cloud operator OVHcloud said on Tuesday its revenue rose 7.2 per cent to €1.15 billion ($1.29 billion) in the year to August 31, and that it posted its first positive levered free cash flow since its 2021 listing. The milestone means the French group now covers its heavy capital spending fr
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Asian shares tumble, oil rises as markets await AI sector results
TOKYO, Oct 20 : Asian stocks retreated broadly on Tuesday while oil rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The dollar held firm against the euro as riots in France fuelled demand for safe-haven assets. Crude prices resumed their climb as markets weighe
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South Korea central bank to hold rates on October 22, hike in November: Reuters poll
BENGALURU, Oct 20 : The Bank of Korea will keep its key policy rate unchanged on Thursday after two consecutive increases but is expected to raise borrowing costs once more next month, a Reuters poll of economists found, as inflation remains above target and growth remains firm.Consumer inflation eased to 2.9
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AI stocks bounce back after bruising selloff, CoreWeave gets Goldman upgrade
Oct 19 : AI-linked stocks bounced back on Monday from a bruising selloff last week as yields on government bonds dropped and crude oil prices eased, while CoreWeave gained following a rating upgrade.Its shares were up 2.4 per cent in choppy trading after losing a quarter of their value last week as the neoclo
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AI stocks bounce back after bruising selloff; CoreWeave jumps on Goldman upgrade
Oct 19 : AI-linked stocks bounced back on Monday after a bruising selloff last week, as lower Treasury yields and easing crude oil prices offered some relief, while neocloud firm CoreWeave surged following a rating upgrade.CoreWeave jumped 3.4 per cent after losing more than a quarter of its value last week,
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