Tag: fast
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Stocks drop as US-Iran peace talks stall, AI rally cools
LONDON, June 5 : Shares slid on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo.The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troops from th
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Indonesia’s central bank to prepare regulations reflecting wider mandate
JAKARTA, June 5 : Indonesia’s central bank will prepare technical regulations that reflect its wider mandate to support economic growth following the passage of a sweeping new financial system law, its spokesperson said on Friday.Bank Indonesia supported the law and had provided its feedback for the legislati
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UK’s Raspberry Pi lifts annual profit forecast on strong first-half results
June 5 : Single-board computing company Raspberry Pi on Friday raised its full-year 2026 profit forecast, saying strong AI-related demand was expected to result in adjusted core profit “significantly ahead” of market expectations for the year.The company expects first-half core profit of at least $38 million,
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De la Fuente pleased with injury-free friendly as Spain turn focus to US
June 5 : Coach Luis de la Fuente was happy Spain came through their final home friendly without injuries and used the opportunity to hand debuts to several youngsters, but said the intensity would step up a notch once they arrived in North America for the World Cup.Spain, one of the favourites to lift the…
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Thai consumer watchdog to file civil suit against Volvo Cars’ Thai unit, official says
BANGKOK, June 5 : Thailand’s consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair and maintenance unit, Scandinavian Auto Co. Ltd, over battery-related fires in its EX30 model, Pradoemchai Bunchualuai, an adviser to the minister who chairs the watchdog, tol
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India holds rates, ramps up measures to support faltering rupee
MUMBAI: The Reserve Bank of India held its policy rate steady on Friday (Jun 5) and unveiled steps to pull in dollars, seeking to shore up an embattled rupee as the economy grapples with costly oil and foreign outflows.The measures include scrapping capital gains tax for foreign holders of government bonds, s
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Iran beat Mali in last World Cup warm-up before heading to Tijuana
(Corrects to ‘beat’ from ‘beats’ in headline)ANTALYA, Turkey, June 5 : Iran will head off to their World Cup base this weekend with a spring in their step after beating Mali 2-0 in a friendly in Turkey on Thursday, even if some uncertainty still clouds their participation in the tournament. Goals fro
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Indian central bank keeps key policy rate on hold, despite falling currency
MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.Nearly 80 per cent of 56 economists polled by Reuters expected the RBI’s monetary policy
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South Korean riot police clear protesters after ballot shortage blockade
More than 1,000 demonstrators had gathered outside a Seoul polling station on Thursday to block ballot boxes from being removed.
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Switch in talks to raise funds at $50 billion-plus valuation, The Information reports
June 4 : Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, The Information reported on Thursday, citing people with knowledge of the deal. Here are some details: • Brookfield Asset Management, KKR and other private equity and institution
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