Tag: fast
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India’s Jio IPO opens for public bids in record US$3.2 billion sale
Jio Platforms is home to India’s biggest telecom company with more than 500 million subscribers, making it the world’s second-largest telecom operator in a single country after China Mobile.
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Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA
TOKYO, Oct 21 : The US dollar remained under pressure on Wednesday after slipping to a three-week low in the previous session, as a dip in Treasury yields and crude oil prices reduced the currency’s appeal.The Australian dollar hovered close to a three-week high against the greenback with Reserve Bank of Aust
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Musk says SpaceX-Tesla merger is ‘a good idea’ as companies form deal committees
Oct 20 : Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be “a good idea” and that they had formed special committees to discuss a union, sending shares of the space and technology company up 8 per cent in extended trading.The company earlier posted its first profit…
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South Korea October 1-20 exports surge 105% on record chip sales
SEOUL, Oct 21 : South Korea’s exports surged 105.4 per cent in the first 20 days of this month from a year earlier, led by record chip sales driven by global AI investment, customs data showed on Wednesday. On a working-day average basis, exports were up 65.9 per cent at a record $4.74 billion.Exports
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Oil rises on Middle East supply worries
BEIJING, Oct 21 : Oil prices edged higher on Wednesday on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia.Brent crude futures rose 85 cents, or 0.78 per cent, to $109.64 per barrel as of 0022 GMT. US West Texas Intermediate (WTI) crude
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Japan shifting to wage-driven inflation phase, finance minister says
TOKYO, Oct 21 : Japan’s economy is seeing price rises driven by higher import costs and on the cusp of shifting to a period of sustained inflation driven by rising wages, Finance Minister Satsuki Katayama said on Wednesday.The government’s scheduled consumption tax cut and payouts are aimed at cushioning the
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Lutnick announces investment to boost semiconductor production in North Carolina
Oct 20 : US Commerce Secretary Howard Lutnick on Tuesday announced a new investment in North Carolina by Sibelco, an industrial minerals mining and processing company, to support semiconductor production.”We’re announcing Sibelco is going to build silicon manufacturing. It’s quartz manufacturing. It is basica
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AI data center projects boost US warehouse demand and rents, real estate company JLL says
LOS ANGELES, Oct 20 : AI data center construction projects, particularly near Dallas/Fort Worth and Washington, DC, are generating new demand for warehouse space and helped send rents higher in the third quarter, real estate services company JLL said on Tuesday.• Companies like Alphabet, Microsoft, Meta an
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Football regulator has ‘absolute power’ to force club owners to sell, says Kogan
MANCHESTER, England, Oct 21 : England’s new football regulator has the power to order a club owner to sell and could launch its own investigation once Manchester City’s appeal against a verdict that it committed 114 breaches of Premier League financial rules is resolved, its chair David Kogan said.Kogan, chai
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Barcelona take heart despite third straight defeat to PSG
Oct 20 : Midfielder Pedri said before Barcelona’s clash with Paris St Germain that the game would show where his team stood in Europe. Their 4-2 defeat on Tuesday suggested Hansi Flick’s side are not yet among the continent’s elite, but they may be closing the gap.Barcelona arrived in Paris with a perfect rec
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