Tag: per
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Dollar keeps climbing as oil, US yields stay high; jobs data looms
LONDON/HONG KONG, Sept 29 : The dollar rose on Tuesday, set to surpass several-month highs against major peers, as volatile oil prices and a rapid climb in Treasury yields lent support, while the Aussie struggled as traders saw a dovish message hidden inside a rate hike. The euro dropped 0.24 per cent to $1.1
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Tata shares slip as trusts’ proposal clouds Tata Sons listing prospects
Sept 29 : Tata group shares fell on Tuesday after the controlling charities proposed a restructuring of the holding company to prevent a central-bank-mandated listing, disappointing some investors.A group of Tata charities collectively known as Tata Trusts on Monday proposed merging two group entities with Ta
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Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%
HONG KONG, Sept 29 : Shares of fast-fashion retailer Shein dropped more than 6 per cent on Tuesday after it reported a 67 per cent fall in quarterly profit, fuelling investor concerns over margin pressure and slowing growth. Jefferies analysts estimated that earnings landed more than 10 per cent below the low
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Dollar holds near two-month peak as yields rise, Fed data looms
(Corrects verb tense in headline)By Jiaxing LiHONG KONG, Sept 29 : The dollar hovered near a two-month high on Tuesday as volatile oil prices and a rapid climb in Treasury yields lent support, although gains were limited as traders awaited US data this week for clues on the Federal Reserve’s rate path
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Australia’s Megaport signs $687 million AI infrastructure deals, lifts annual forecast
Sept 29 : Australian IT firm Megaport said on Tuesday that it signed three new AI Infrastructure contracts worth a combined A$978.6 million ($686.78 million) and upgraded its earnings forecast for 2027.Here are some more details:• The three contracts, with undisclosed customers, cover GPU and CPU com
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South Korean exports seen rising for 16th month on solid AI chip demand: Reuters poll
SEOUL, Sept 29 : South Korean exports likely rose for a 16th consecutive month in September on solid chip demand tied to AI investments, a Reuters poll showed on Tuesday, though growth was seen moderating due to fewer working days compared with a year earlier.Exports from Asia’s fourth-largest economy, a bell
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Shein quarterly profit falls 67% as costs jump, Europe sales slump
Sept 28 : Fast-fashion platform Shein reported plunging profit and sliding European sales on Monday in its first results as a public company, feeding investor worries over margin pressure and slowing growth. Adjusted net profit was $228 million for the second quarter, down 67 per cent from a year ago, and its
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Shein reports sharp drop in Europe sales after price hikes
Sept 28 : Fast-fashion platform Shein reported a sharp drop in sales in Europe in the second quarter after it hiked prices and cut online advertising in anticipation of the European Union imposing fees on low-value e-commerce parcels from July 1.Since its September 1 debut in Hong Kong, Shein’s shares have
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Stocks fall; bond market flips to ‘higher for longer’ mode
LONDON, Sept 28 : Global stocks fell on Monday, as oil jumped on the stalemate in US-Iranian talks and action in the Treasury market pointed to investors preparing for interest rates to rise and remain higher for a protracted period of time.Over the weekend, US President Donald Trump rejected an Iranian prop
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US holiday online sales to grow 6.7% as discounts attract shoppers, Adobe Analytics forecasts
Sept 28 : US online sales will likely grow 6.7 per cent this holiday season, nearly the same pace as last year, as promotions attract deal-seeking shoppers, Adobe Analytics forecast on Monday.Higher household costs are turning shoppers more selective and value-seeking. Retailers, including Walmart, Kohl’s and
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