Tag: fast
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Japan’s wholesale inflation spikes as fuel costs, weak yen bite
TOKYO, July 10 : Japan’s wholesale inflation accelerated in June at the fastest pace in more than three years and the government brushed aside market concern over political interference in monetary policy, bolstering the case for further interest rate hikes.The producer price index surged 7.1 per cent in June
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BOJ may raise growth forecast, maintain vigilance to inflation risk, sources say
TOKYO, July 10 : The Bank of Japan may revise up its economic growth forecast for fiscal 2026 and keep its focus on the risk of an inflation overshoot as rising costs from a weak yen and strong AI demand offset some of the declines in oil prices, said three sources familiar with its thinking.The…
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Hanwha Ocean sold around $2 billion in dollar-won forward market, source says
SEOUL, July 10 : South Korean shipbuilder Hanwha Ocean sold around $2 billion in the dollar-won forward market on Friday, a source familiar with the matter told Reuters. Hanwha Ocean was not immediately available to provide official comment. The source declined to be identified due to the sensitivity of the m
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Former TVB actress Cecilia Yiu announces acting comeback after 30 years
The 57-year-old actress, best known for the 1989 wuxia drama Ode To Gallantry, also addressed her past romance with Cantopop star Aaron Kwok.
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North Korea vows boost to nuclear buildup, military intelligence
SEOUL: North Korea will strengthen its nuclear force “both in quality and quantity” and expand the role of its military intelligence agency focused on South Korea, state media said Friday (Jul 10).Pyongyang is under widespread sanctions over its nuclear programme, and the two Koreas remain technically at war
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Olympic champion McKeown to miss Pan Pacs, Commonwealth Games due to illness
July 10 : Kaylee McKeown has withdrawn from this year’s Pan Pacific Championships and Commonwealth Games due to medical issues, saying she has struggled with fatigue, shortness of breath and a loss of appetite for several months.The 24-year-old Australian has won a record 10 individual backstroke titles acros
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SK Hynix set for marquee US debut in test for AI appetite
July 10 : SK Hynix’s U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors’ belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Chip stocks have lost some momentum in recent weeks after a stellar run, partly due to investo
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Australia’s Big Bash League season-opener to be played in India
SYDNEY, July 10 : The opening match of next season’s Big Bash League (BBL) will take place in India in December, Australia Prime Minister Anthony Albanese said on Friday, as tournament organisers look to tap into cricket’s most lucrative market.The December 12 match between Melbourne Renegades and Perth Scorc
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Special delivery: Italy’s postman joins the AI infrastructure race
MILAN, July 10 : Italy has picked an unlikely champion to develop its technology infrastructure and protect digital sovereignty: its national postman.Poste Italiane, the postal service which pays out pensions through 12,600 post offices that are as much a feature of remote towns as the local church, is bettin
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Japan signals pension push into domestic assets, sparking rally in yen, bonds
TOKYO, July 10 : Japan’s finance minister said on Friday the government aims to steer the country’s vast state pension funds to “substantially” lift investments in domestic assets, sparking gains in the yen and bonds as investors bet billions of dollars could be channelled into Japanese markets.The comments p
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