Tag: fast
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Liverpool boss Iraola has 100% trust in Wirtz and Barcola
Oct 14 : Liverpool manager Andoni Iraola has no doubts that big-money signings Florian Wirtz and Bradley Barcola will deliver for the club and says their contributions to the side are being overlooked due to the constant focus on their transfer fees.Liverpool spent over £200 million ($265 million) to acquire
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Televisa, Fintech to take on America Movil with $2 billion purchase of AT&T’s Mexican unit
MEXICO CITY, Oct 13 : Grupo Televisa and Fintech Holdings have agreed to buy AT&T’s Mexican unit for $2 billion in cash, setting up a showdown with telecoms giant America Movil and marking one of Mexico’s biggest M&A deals in recent years.News of the deal, described as a “bargain” by Scotiabank, sent shares i
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Dollar languishes as focus turns to CPI, Fed speakers
TOKYO, Oct 14 : The dollar languished on Wednesday as traders awaited fresh signals on the timing for interest rate hikes to contend with persistent inflation.The greenback weakened from an 18-month high in the previous session as oil prices eased and investors reassessed the AI-fueled rally that has supporte
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Oil prices climb as traders weigh Saudi supply risk, Russian diesel flow
TOKYO, Oct 14 : Oil prices climbed on Wednesday as traders weighed supply risk from fighting between Yemen’s Iran-allied Houthis and Saudi Arabia against the prospect of increased diesel from Russia.Brent crude futures rose 89 cents, or 0.8 per cent, to $106.58 a barrel by 0030 GMT, while US West Texas Interm
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Asia shares edge up as chip selloff eases; US CPI awaited
HONG KONG, Oct 14 : Asian shares inched higher on Wednesday as those related to artificial intelligence found respite after a selloff, while any gain was tempered by elevated oil prices and caution ahead of U.S. inflation data later in the global day. Among firms in the AI supply chain, chipmakers Samsung Ele
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SK Group Chairman Chey sells stake to Dell family office fund for $406 million
SEOUL, Oct 14 : SK Group Chairman Chey Tae-won has agreed the sale of a 1.34 per cent stake in holding company SK Inc to an investment fund linked to Dell Technologies founder Michael Dell for 544 billion won ($406 million), a regulatory filing showed on Wednesday.The deal is part of Chey’s plan to raise…
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IMF says higher bond yields underscore urgency of fiscal consolidation
BANGKOK, Oct 14 : The International Monetary Fund on Wednesday urged advanced economies and others to take urgent action to reduce government spending, cut deficits and reduce debt levels, warning that delays would only make the job harder in coming years.Rodrigo Valdes, head of the IMF’s Fiscal Affairs depar
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CBA chief Matt Comyn says Australia must retain economic value of AI
SYDNEY, Oct 14 : Commonwealth Bank of Australia CEO Matt Comyn said on Wednesday Australia must ensure more of the economic benefits created by AI remain in the country while regulation should work to build trust in the new technology. Comyn said CBA, Australia’s largest lender, is rolling out AI technolog
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Anthropic seeks rehearing of case over Pentagon’s security risk branding
Oct 13 : Anthropic asked a US appeals court on Tuesday to reconsider a ruling that upheld the Pentagon’s decision to label the AI company as a national security supply chain risk over a dispute about safety guardrails on its technology.• A federal appeals court in September upheld the designation in a 2-1 d
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SoftBank junk bond sale raises stakes for CEO Son’s all-in AI bet
TOKYO, Oct 14 : SoftBank’s promise to pay its highest-ever yields in a record $11 billion junk-bond offering highlights the pressure on CEO Masayoshi Son to secure returns on his all-in bet on AI amid concerns about possible overheating in the market.The SoftBank debt issuance last month added to a sharp sur
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