Tag: fast
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RCB in no rush to join overseas leagues, says co-owner
BENGALURU, June 18 : Indian Premier League champions Royal Challengers Bengaluru have no immediate plans to follow rivals and buy franchises in overseas leagues, co-owner Satyan Gajwani said, as the new owners prioritise fan engagement over expansion.A consortium including the Aditya Birla Group, Times of Ind
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Accenture to take majority stake, acquire cybersecurity firms in $4.18 billion deal
June 18 : Consultancy firm Accenture said on Thursday it will buy a majority stake in Dragos and fully acquire runZero and NetRise in a combined deal valued at $4.18 billion.Shares of the Dublin, Ireland-based company fell about 5 per cent in premarket trading.Separately, the company also cut the top
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Japan’s Cosmo Energy to keep Middle East crude focus despite Iran war
TOKYO, June 18 : Japan’s Cosmo Energy Holdings will maintain its focus on crude procurement and upstream investments in the Middle East despite the Iran war, citing the region’s cost-competitiveness and suitability of its crude for Cosmo’s refineries, its CEO said on Thursday.The country’s third-largest oil r
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Oil falls to lowest since start of Iran war after ceasefire deal signed
LONDON, June 18 : Oil prices fell 2 per cent on Thursday to their lowest since the first trading day of the Iran war, as a U.S.-Iran interim deal to end the war, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.59, or…
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Dollar hovers near two-month high on Fed hike bets; Japan warns on yen
HONG KONG, June 18 : The U.S. dollar hovered close to a two-month high on Thursday after a hawkish hold from the Federal Reserve triggered bets on rate hikes, while yen weakness drew verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent to 3.75 per cent range as…
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Stocks slip as Fed rate outlook offsets optimism over Iran deal
LONDON, June 18 : Global stocks were torn on Thursday between concern about the rising chances of a U.S. rate hike this year after the Federal Reserve’s meeting and optimism over the reopening of the Strait of Hormuz.The United States and Iran on Wednesday released the text of their agreement, which extends a
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Philippine central bank raises policy rate by 25 basis points
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points for a second time in a row on Thursday and left the door open to additional tightening as inflation pressures remain strong.Governor Eli Remolona said the central bank would consider larger rate increases, including
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South Korea to keep fuel price ceilings as US-Iran deal impact assessed, media reports
SEOUL, June 18 : South Korea will keep its current fuel price ceilings in place until there is more clarity on a U.S.-Iran agreement and its impact on global oil markets, local media reported on Thursday.Yang Gi-wook, a senior industry ministry official, told a briefing that the government would decide on the
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Japan bank lobby warns of potential service disruptions due to AI-enabled cyberattacks
TOKYO, June 18 : Japanese lenders may be forced to suspend services such as ATMs and online banking if sophisticated AI models end up posing a serious threat to the banking system, said the chair of the country’s banking lobby.Frontier AI systems, such as Anthropic’s Mythos, can quickly identify vulnerabiliti
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South Korean lawmakers launch probe into ballot paper shortages
SEOUL: South Korea’s parliament on Thursday (Jun 18) gave the green light for an investigation into ballot paper shortages that disrupted municipal elections this month and fuelled political tensions.Dozens of polling stations experienced unprecedented ballot paper shortages on Jun 3 for the first nationwide
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