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Stocks slip in Asia, oil up on peace doubts
SYDNEY, June 22 : Most share markets slipped in Asia on Monday as doubts about the Middle East peace process sent oil prices and bond yields up again, leading investors to price in more risk of higher U.S. interest rates.Sterling eased amid reports Prime Minister Keir Starmer was considering his political fut
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Brent falls as Israel, Hezbollah agree to ceasefire
BENGALURU/LONDON, June 19 : Brent crude fell on Friday after Israel and Hezbollah agreed to a ceasefire, easing concerns over disruptions to Middle East oil supplies and raising hopes of broader de-escalation involving the United States and Iran.Brent crude futures were down 85 cents, or 1.1 per cent, at $79
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Brent heads for more than 8% weekly loss as traders weigh US-Iran truce outlook
BENGALURU/LONDON, June 19 : Brent crude steadied on Friday but held on track for a more than 8 per cent weekly decline, as traders weighed up fading prospects for a lasting U.S.-Iran truce after talks were called off and Israel escalated attacks in Lebanon.Brent crude futures were up 9 cents, or 0.1 per cent,
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Brent heads for 9% weekly loss as traders weigh US-Iran truce outlook
BENGALURU/LONDON, June 19 : Brent crude was set for a 9 per cent weekly decline on Friday as traders weighed fading U.S.-Iran truce prospects after talks were called off and Israel escalated attacks in Lebanon.Brent crude futures were down 24 cents, or 0.3 per cent, to $79.61 a barrel by 1100 GMT. The contrac
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Investors see Micron earnings as pulse check of AI rally momentum
NEW YORK, June 19 : Investors are seeking signs that the U.S. stock market rally fueled by artificial intelligence has more life left in it, and the upcoming Micron Technology earnings will check the pulse of chip demand to see if it is still accelerating.Despite a sharp mid-week selloff, major U.S. stock ind
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Brent heading for over 8% weekly loss as traders weigh US-Iran truce outlook
BENGALURU/LONDON, June 19 : Brent crude steadied on Friday but remained set for a more than 8 per cent weekly decline as traders weighed fading U.S.-Iran truce prospects after talks were called off and Israel escalated attacks in Lebanon.Brent crude futures were little changed at $79.78 a barrel by 0820 GMT.
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BOJ flags risk of inflation overshoot, signals rate-hike intent
TOKYO, June 19 : Bank of Japan Deputy Governor Ryozo Himino on Friday said inflation could overshoot the bank’s 2 per cent target and flagged the cost of being too late in raising interest rates, signalling resolve to continue pushing up borrowing costs.The remarks reinforce market expectations the BOJ will r
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Japan, South Korea stocks hit records as oil prices fall
Oil tankers have started sailing through the Strait of Hormuz after the United States lifted its blockade on Iran on Thursday as an interim deal to end the three-month war took effect.
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SpaceX shares fall as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped more than 6 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 6.4 per cent at $179.62, after falling nearly 5 per…
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Accenture forecast takes hit from Iran war, shares tumble over 17%
June 18 : Accenture forecast quarterly sales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the Middle East and beyond, sending its shares down more than 17 per cent and sparking an industry selloff.The IT consulting giant took a $400 million hit to its Middle East
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