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US futures rise as oil weighed by supply while earnings loom
SYDNEY/LONDON, July 6 : U.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in the fractious U.S.-Iran p
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Italy reshapes national cloud company as Leonardo, Poste target control, sources say
MILAN/ROME, July 6 : Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy’s public administration by acquiring an additional 10 per cent from state-owned IT company Sogei, sources told Reuters.Leonardo, which already owns 25 per cent of the so-
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Oil falls after OPEC+ agrees to raise output targets
July 6 : Oil prices fell on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell 41 cents, or 0.57 per cent, to $71.71 a barrel at 0942 GMT after set
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Indian IT firms face muted Q1 as AI shift, weak demand weigh
BENGALURU, July 6 : India’s top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.The April-to-June quarter is usually a strong one for India’s
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Stocks inch up as oil weighed by supply while earnings loom
SYDNEY/LONDON, July 6 : European stocks and U.S. futures ticked higher on Monday as the potential for increased energy supplies pulled down oil prices and promised relief from inflationary pressures, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in th
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Oil falls by more than 1% after OPEC+ agrees to raise output targets
July 6 : Oil prices fell by more than 1 per cent on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell $1.02, or 1.41 per cent, to $71.10 a barrel
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Asia shares sputter as earnings loom, oil weighed by supply
SYDNEY, July 6 : Asian share markets sputtered on Monday as caution took hold ahead of a crucial earnings season for the AI sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-Iran pea
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Asian shares slip as earnings loom, oil weighed by supply
SYDNEY, July 6 : Asian share markets eased on Monday as caution took hold ahead of a crucial earnings season for the artificial intelligence sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the fracti
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Thailand’s June headline CPI up 2.42% y/y, below forecast
BANGKOK, July 6 : Thailand’s headline consumer price index rose by 2.42 per cent in June from a year earlier, following an annual rise of 2.79 per cent the previous month, the commerce ministry said on Monday.• The reading compared with a forecast increase of 2.79 per cent in a Reuters poll, and was inside
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Shares edge higher in Asia as oil dips, earnings loom
SYDNEY, July 6 : Asian share markets were mostly firmer on Monday, as Wall Street futures started the week with gains on hopes for an upbeat earnings season, while easing oil prices promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-Iran peace talks, ships a
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