Tag: fast
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Brussels looks to capture Big Tech through tax on large corporations, FT reports
Oct 7 : Brussels is considering taxing big US tech companies through a broad levy on large corporations in an effort to raise revenues for the EU while avoiding a backlash from the Trump administration, the Financial Times reported on Wednesday.The European Commission was working on new ways to capture more i
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Major Japanese beer companies raided over accusations of cartelisation
TOKYO, Oct 7 : Japan’s Fair Trade Commission raided the country’s four major beer makers on Wednesday on suspicion of cartelisation in sales of beer and other products to wholesalers, the companies said.• The companies are Kirin Holdings Co, Asahi Group Holdings, Sapporo Holdings and Suntory Holdings. All f
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Messi signs off in tears after one last Argentina master class
BUENOS AIRES, Oct 6 : Lionel Messi delivered one last master class in blue and white on Tuesday as Argentina’s captain brought the curtain down on his extraordinary 21-year international career by scoring one goal and setting up two others in a 3-0 friendly win over Benin.The 39-year-old’s final bow in front
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Oil prices rise as storms and air strikes threaten supply
PERTH, Oct 7 : Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 93 cents, or 0.92 per cent, to $101.51 a barrel
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Analysis:Vietnam’s banks tap investors for $7 billion as economy runs red hot
HANOI, Oct 7 : Vietnamese banks are planning nearly $7 billion in share sales as the country’s fast-growing economy fuels demand for capital, opening a window for foreign investors to expand in the tightly controlled sector.Communist-run Vietnam, which reported growth of nearly 10 per cent in the last quarter
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Dollar holds losses as markets await Fed minutes, speakers
TOKYO, Oct 7 : The US dollar remained lower on Wednesday after stress in European bond markets abated and as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike.The euro surged by the most in seven weeks in the prior session as French…
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SpaceX seeks $40 billion financing led by Apollo to buy Nvidia chips, FT reports
Oct 6 : SpaceX plans to raise $40 billion, led by asset manager Apollo Global Management, for purchasing Nvidia AI chips, the Financial Times reported on Tuesday, citing people familiar with the matter.The Elon Musk-led company is looking to raise about $10 billion in bank loans and $30 billion in investment-
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Japan’s real wages rise for eighth straight month in August
TOKYO, Oct 7 : Japan’s real wages rose 1.5 per cent in August from a year earlier, marking the eighth consecutive month of gains, government data showed on Wednesday, pointing to a continued recovery in wage growth. • The solid wage data supports the case for the Bank of Japan to continue raising interest
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US judge authorizes fund to subpoena New York Fed for documents related to Radiant World
NEW YORK, Oct 6 : A US judge on Tuesday authorized an investment fund that filed a criminal complaint in Switzerland against iron ore trader Radiant World to subpoena payments records from the Federal Reserve Bank of New York and the Clearing House Interbank Payments System.US District Judge John Cronan in Ma
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US FAA looks to streamline rules for commercial space launches
WASHINGTON, Oct 6 : The Federal Aviation Administration said on Tuesday it is proposing to streamline regulations for commercial space launches and re-entries.The moves include allowing operators to submit launch applications electronically, offering greater flexibility in demonstrating equivalent levels of s
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