Tag: fast
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China’s industrial profit growth picks up amid deepening economic divergence
BEIJING: China’s industrial profits grew at a faster pace in September, though a deepening divergence across the economy weighed on business earnings.Profits at industrial firms rose 14.4 per cent from a year earlier last month, quickening from a 4.2 per cent increase in August, data from the National Bureau
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All Blacks coach Rennie excited by return of triple-threat Fainga’anuku
Oct 27 : Having run the rule over more than 50 players during the tour of South Africa, New Zealand coach Dave Rennie will finally get a look at Leicester Fainga’anuku on the season-ending trip to Britain.Fainga’anuku was named among six loose forwards in the All Blacks’ squad for next month’s Nations Champio
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JYP Entertainment soars 10% on reports of tender offer plan to buy up to half of firm
SEOUL, Oct 27 : South Korean pop music agency JYP Entertainment’s shares jumped 10 per cent on Tuesday after Korean media reported Japan’s Nexroc Group and related firm SVCV Inc were planning to announce a tender offer to buy up to a 50 per cent stake in the company.The 50 per cent stake is worth…
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Bank of Korea warns country’s chip exports could fall by up to $100 billion if AI spending slows
SEOUL, Oct 27 : South Korea’s semiconductor exports could fall by $50 billion to $100 billion compared with earlier forecasts if capital spending on artificial intelligence by major US technology firms slows next year, according to central bank data.In a written response submitted to lawmaker Ahn Do-geol, the
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Wall Street banks, Blackstone line up $63 billion to finance Broadcom AI chips for Anthropic
Oct 26 : Bank of America, Blackstone, Citi and Morgan Stanley will provide $63 billion in financing to buy Broadcom’s AI chips and networking gear for Anthropic, in one of the largest debt deals tied to the AI buildout.Broadcom is providing “residual value support” to lenders, who are providing first lien loa
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Japan’s September corporate services prices rise 3.7% yr/yr
TOKYO, Oct 27 : A key gauge of Japan’s service-sector inflation rose 3.7 per cent in September from a year earlier, data showed on Tuesday, a sign of mounting price pressures that will likely keep the central bank on track for further interest rate hikes.• The year-on-year rise in the services producer pric
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Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries alive
Oct 27 : Oil prices edged lower on Tuesday as the potential for a resolution in the US-Israeli war on Iran kept supply fears at bay, but Brent stayed close to six-month highs as attacks on Saudi Arabia lowered hopes of immediate stability in the region.Brent crude futures were down 66 cents, or 0.57 per…
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Spain relaxes initial proposal for data-center rules
MADRID, Oct 26 : Spain on Monday unveiled a more flexible version of its proposed decree governing data centers after a wave of project announcements in the country, according to officials at the energy ministry.• The revised proposal raises the threshold for the rules to apply, extends the time frame for d
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Putellas wins 2026 Ballon d’Or Feminin award
LONDON, Oct 26 : Spain midfielder Alexia Putellas was presented with the Ballon d’Or Feminin award on Monday, receiving the highest individual honour in women’s football after another season of success for club and country.An international panel of journalists selects the winner, recognising the player judged
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Wall St banks, Blackstone line up $63 billion to finance Broadcom AI chips for Anthropic
Oct 26 : Bank of America, Blackstone, Citi and Morgan Stanley will provide $63 billion in financing to buy Broadcom’s AI chips and networking gear for Anthropic, in one of the largest debt deals tied to the AI buildout.Rising AI demand is driving massive investment in computing infrastructure as technology co
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