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High inflation to persist globally into next year, Reuters poll shows
BENGALURU, Oct 27 : High inflation will persist in the global economy well into next year, according to hundreds of economists polled by Reuters, who are now increasingly concerned that price pressures will become entrenched beyond rising energy costs caused by the conflict in the Middle East.More than $1 tri
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Stocks rise and oil slips on Middle East diplomacy efforts ahead of Big Tech earnings
Oct 27 : Global stocks rose and oil prices slipped on Tuesday as investors weighed efforts to end the Middle East conflict ahead of US Big Tech earnings, seen as a key test of AI trade, and central bank meetings that could shape the near-term outlook for interest rates.Iran’s supreme leader met with the count
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Boeing jetliner production challenges weigh on third-quarter results
SEATTLE, Oct 27 : Boeing posted a bigger third-quarter loss than expected on Tuesday, as supply-chain challenges and production delays in its commercial airplane division overshadowed bigger margins across the rest of the company.The planemaker continued its long turnaround during the quarter following years
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Dollar firms ahead of central bank meetings, steadier stocks stall safe haven play
LONDON Oct 27 : The dollar nudged higher on the euro, yen and pound on Tuesday, as traders braced for a barrage of major central bank meetings that will shape the interest rate outlook, as well as key corporate earnings that could ripple through all asset classes. The Federal Reserve is set to announce its…
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European shares dip as HSBC results weigh on banks ahead of Big Tech earnings
Oct 27 : European shares slipped on Tuesday, dragged down by banking stocks, after disappointing results from HSBC, while investors also turned cautious ahead of US tech earnings, seen as a key test of the AI trade, and central bank meetings that could shape near-term interest-rate outlook.The STOXX 600 banki
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Big Tech earnings a test of the AI boom amid market turmoil
Oct 27 : Wall Street expects Amazon, Microsoft and Alphabet to report on Wednesday faster growth in their cloud businesses, but a turbulent market selloff and concerns over rising costs of AI financing are tempering optimism.Investors are pressing for evidence that the AI boom can deliver swift returns to jus
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Oil rises slightly as diplomacy hopes counter renewed Houthi attacks
NEW DELHI, Oct 27 : Oil prices turned positive on Tuesday after a fall of about 1 per cent, earlier in the session, as the chance of talks in Tehran eased fears of a broader Middle East supply shock, while renewed Houthi attacks on Saudi Arabia highlighted persistent risks.Brent crude futures was up 40 cents,
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Thailand’s September car production drops 6.08% on year
BANGKOK, Oct 27 : Car production in Thailand dropped 6.08 per cent in September from a year earlier to 120,319 units, the Federation of Thai Industries said on Tuesday.• The reading followed a rise of 10.93 per cent in August• Thailand is Southeast Asia’s biggest auto production centre It is an e
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Japan’s trend inflation index hits 3-year high, cements case for BOJ rate hike
TOKYO, Oct 27 : Japan’s core consumer price index, which strips out one-off factors, rose in September at the fastest annual pace in three years, data showed on Tuesday, a sign of broadening price pressures that cement the case for further interest rate hikes.The data comes ahead of the Bank of Japan’s two-da
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World’s climate pledges would cut emissions a tenth of what’s needed: UN
WASHINGTON: The latest climate pledges put forth by nations will cut global greenhouse gas emissions just six per cent by 2035, a UN report said on Tuesday (Oct 27), weeks before COP31 talks in Türkiye.That is a tenth of the roughly 60 per cent reduction from 2019 levels that scientists say is needed to limi
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