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Share and bond markets turn cautious in Asia, yen on ropes
SYDNEY, July 1 : Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors were on alert for possible Japanese intervention as the yen plumbed fresh 40-year lows.Tehran said on Tuesday it would not meet with top
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Oil prices little changed but set for steepest monthly and quarterly loss since 2020
June 30 : Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent futures rose 3 cents to $73.
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Dollar pushes higher, yen sinks to 40-year low
NEW YORK/LONDON, June 30 : The dollar gained on Tuesday and pushed the yen to its lowest levels since 1986, heightening expectations that direct intervention from Tokyo may be near and also putting the euro under pressure.The U.S. dollar climbed to as high as 162.50 yen and was last at 162.42, up 0.3 per cent
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Iran war and AI boom drive wild ride on global markets
LONDON, June 30 : Investors have had to gulp down the motion-sickness tablets this year as the turmoil from the Iran war has clashed with a seemingly unstoppable boom in all things AI and otherworldly.Global stocks are now $7 trillion higher than at the end of 2025, even though the war caused a $9 trillion…
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Oil set for steepest quarterly loss since 2020 as traders focus on US-Iran talks
June 30 : Oil prices slipped on Tuesday, and were set for their biggest quarterly loss since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday, were down
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Asian stocks unable to track Wall St higher, yen holds at 40-year low
HONG KONG: Tech firms bounced back in Asia on Tuesday (Jun 30), tracking a rebound in their counterparts on Wall Street following the hefty selling of the past two weeks, while the yen held around a four-decade low against the dollar.With optimism that the US-Iran crisis will eventually come to an end and the
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Japan’s Nikkei clocks best quarter on record on tech rebound
TOKYO, June 30 : Japan’s Nikkei share average climbed on Tuesday, powered by a rebound in technology stocks that have helped drive the gauge’s record quarterly gains.The benchmark Nikkei 225 advanced 0.86 per cent to close at 70,062.32. For the April-June quarter, the index soared 37 per cent, marking its sha
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Thai May factory output falls 0.8% y/y, weaker than forecast
BANGKOK, June 30 : Thailand’s manufacturing production index dropped 0.8 per cent in May from a year earlier, the industry ministry said on Tuesday, weaker than analyst forecasts.The May reading compared with a year-on-year decrease of 0.34 per cent forecast in a Reuters poll, and followed a revised fall of 0
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Japan’s Nikkei adds to record quarterly gain on tech rebound
TOKYO, June 30 : Japan’s Nikkei share average climbed on Tuesday, powered by a rebound in technology stocks that have helped drive the gauge’s record quarterly gains.The benchmark Nikkei 225 advanced 1.36 per cent to 70,416.02 in early trading. The index is poised for a 36 per cent gain in the past three mont
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Japan’s May factory output growth lagged forecasts
TOKYO, June 30 : Japan’s factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday. Here are a few details.• Industrial output grew 0.5 per cent in May from the previous month, versus the median market forecast for a 1.1 per cent rise, accor
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