Tag: fast
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Uniqlo operator Fast Retailing posts 32% rise in full-year profit
TOKYO, Oct 8 : Japan’s Fast Retailing, owner of global clothing brand Uniqlo, booked its fifth consecutive record annual profit on Thursday, as its overseas growth overcame the effects of a weak yen at home.Operating profit amounted to 743.13 billion yen ($4.70 billion) in the 12 months ended August 31, up ab
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Asia shares slip, bonds submerged in tide of AI debt
SYDNEY, Oct 8 : Asian shares slid on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.Oil prices jumped anew amid an increase in attacks on shipping in the Gulf and added to the p
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South Korea may ban foreign banks arranging global bond deals, Bloomberg News reports
Oct 8 : South Korea is considering regulations to prohibit investment banks without domestic securities licenses from seeking to arrange overseas bond sales of local issuers, Bloomberg News reported on Wednesday citing people familiar with the matter. Reuters could not immediately verify the report.
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Thai consumer confidence drops in September, survey shows
BANGKOK, Oct 8 : Thailand’s consumer confidence index dropped for the first time in four months in September, hurt by flooding, a slow economic recovery and high living costs, a survey showed on Thursday.• The consumer confidence index of the University of the Thai Chamber of Commerce fell to 52.1 in Sept
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India denies bias in satellite internet approvals after Musk’s ‘oligarchs’ jab
BENGALURU, Oct 8 : India defended its satellite internet approval process as fair and non-discriminatory on Thursday, hours after billionaire Elon Musk accused unnamed “oligarchs” of blocking Starlink’s launch in the South Asian nation.Starlink was being blocked by “certain oligarchs in order to maintain thei
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PM Wong congratulates new Lao PM Saleumxay Kommasith
Prime Minister Lawrence Wong described Singapore-Laos relations as “very good and warm”, as the two countries mark 25 years of development cooperation.
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Tokyo Financial Exchange launches new BOJ rate futures as policy shifts accelerate
TOKYO, Oct 8 : The Tokyo Financial Exchange will launch a new futures contract to help traders hedge increased volatility as a more active Bank of Japan reshapes the nation’s rate markets.The exchange will introduce futures tied to the BOJ’s overnight call rate this month to allow traders to position for ra
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NZ Rugby goes to high court to protect ‘Chiefs’ name from PNG league franchise
SYDNEY, Oct 8 : Rugby union officials have launched New Zealand High Court proceedings to prevent the National Rugby League’s (NRL) new Papua New Guinea-based franchise from using the “Chiefs” name in New Zealand.New Zealand Rugby (NZR) said the move was an effort to protect the brand of the Waikato-based Chi
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Asia shares subdued, bonds swamped by AI debt wave
SYDNEY, Oct 8 : Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.A fresh rise in oil prices added to the pressure on Treasuries, though a strong auction of
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Amazon makes fresh job cuts, mainly in retail division
SAN FRANCISCO, Oct 7 : Amazon confirmed on Wednesday it had cut what it said were a small number of jobs, primarily in its Stores unit which oversees the main e-commerce website. The layoffs to its retail unit coincide with one of Amazon’s biggest shopping days, which it calls Prime Big Deal Days. The promot
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