Tag: fast
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Dollar firms ahead of central bank meetings, steadier stocks stall safe haven play
LONDON Oct 27 : The dollar nudged higher on the euro, yen and pound on Tuesday, as traders braced for a barrage of major central bank meetings that will shape the interest rate outlook, as well as key corporate earnings that could ripple through all asset classes. The Federal Reserve is set to announce its…
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AFC to refer Jordan FA chief to judicial bodies over Infantino claims
Oct 27 : The Asian Football Confederation (AFC) on Tuesday said it would refer Jordan Football Association President Prince Ali bin Hussein to its judicial bodies, after he accused FIFA President Gianni Infantino of hijacking the AFC Congress for political purposes.At the AFC’s extraordinary congress in Tokyo
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OPEC+ oil producers set to keep output targets steady at Sunday meeting, sources say
MOSCOW/LONDON, Oct 27 – OPEC+ oil-producing countries are likely to keep their December oil output targets steady on Sunday, three people with knowledge of the matter told Reuters, in line with expectations that further output policy adjustments are unlikely until next year.The online meeting of seven core OP
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European shares dip as HSBC results weigh on banks ahead of Big Tech earnings
Oct 27 : European shares slipped on Tuesday, dragged down by banking stocks, after disappointing results from HSBC, while investors also turned cautious ahead of US tech earnings, seen as a key test of the AI trade, and central bank meetings that could shape near-term interest-rate outlook.The STOXX 600 banki
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Big Tech earnings a test of the AI boom amid market turmoil
Oct 27 : Wall Street expects Amazon, Microsoft and Alphabet to report on Wednesday faster growth in their cloud businesses, but a turbulent market selloff and concerns over rising costs of AI financing are tempering optimism.Investors are pressing for evidence that the AI boom can deliver swift returns to jus
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OCBC named third strongest bank globally in The Asian Banker ranking
DBS took 23th place in the list, while UOB was ranked 187.
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UBS says it does not permit the use of external AI models for client transactions
ZURICH, Oct 27 : UBS will not allow the use of external AI models to execute actions on behalf of clients, CEO Sergio Ermotti said on Tuesday.Concerns that sophisticated AI agents could harm the financial system have risen within the banking industry. Major US banks have been blocking third-party AI agents’ a
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Indian media groups decry Modi’s privacy law in court, say newsrooms face shutdown risk
NEW DELHI: The Indian government’s privacy law, which would require journalists to seek consent from people they write about, amounted to pre-censorship and could lead to newsrooms shutting down, media groups told the Supreme Court on Tuesday (Oct 27), starting the most high-profile challenge against the legislation
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Nidec to file damage suit against former executives
TOKYO, Oct 27 : Japanese electric motor maker Nidec said on Tuesday it has decided to file a lawsuit for damages against several former executives including company founder Shigenobu Nagamori. A committee report looking into Nidec’s accounting irregularities said this month Nagamori fostered a corporate cultu
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Oil rises slightly as diplomacy hopes counter renewed Houthi attacks
NEW DELHI, Oct 27 : Oil prices turned positive on Tuesday after a fall of about 1 per cent, earlier in the session, as the chance of talks in Tehran eased fears of a broader Middle East supply shock, while renewed Houthi attacks on Saudi Arabia highlighted persistent risks.Brent crude futures was up 40 cents,
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