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Dollar near eight-day high as US data lifts Fed hike bets
TOKYO, August 27 : The dollar held near an eight-day high on Thursday after U.S. inflation and other economic data slightly lifted expectations of a Federal Reserve rate hike, ahead of the Jackson Hole central bankers’ symposium due to begin later in the day.Markets will also look to a speech and press confer
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Nvidia stock jumps after early dip following results; AI fever is unabated
NEW YORK, Aug 26 : Nvidia investors got a roller coaster ride after the market closed on Wednesday, with its shares jumping after an early dip following the company’s quarterly results, highlighting Wall Street’s elevated expectations for its favorite AI chip designer.Nvidia handily beat the consensus estima
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Global equity index, bond yields edge up with focus on inflation and Middle East
Aug 26 : MSCI’s global equities gauge barely rose on Wednesday after U.S. inflation data came in hotter than expected while investors waited for results from AI heavyweight Nvidia, and oil prices settled lower after a choppy session.A senior Iranian source said on Wednesday that Iran and Oman are still workin
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US data buoys dollar as Fed hike expectations nudged higher
NEW YORK, Aug 26 : The dollar advanced on Wednesday after a batch of U.S. economic data, including a reading on inflation, that slightly pushed up expectations for a rate hike from the Federal Reserve ahead of the Jackson Hole symposium of central bankers this week. The Commerce Department said the Personal C
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US data lifts dollar as Fed hike expectations edge higher
NEW YORK, Aug 26 : The dollar was higher on Wednesday after a round of U.S. economic data, including a reading on inflation that slightly increased expectations for a rate hike from the Federal Reserve ahead of the Jackson Hole symposium of central bankers this week. The Commerce Department said the Personal
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Momentum, leveraged trading keep software stocks on roller coaster
Aug 26 : U.S. software shares have been on a roller coaster and more wild rides likely lie ahead, thanks to AI-driven uncertainty and the rise of trading strategies that investors say are accentuating the swings in popular technology sectors. After hitting a record high on October 28, the S&P 500 software and
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World stocks inch up as oil drops on Hormuz hopes ahead of data, Nvidia results
Aug 26 : Global stocks edged up and weaker oil prices pushed bond yields lower on Wednesday on hopes that the vital Strait of Hormuz could soon reopen, while investors awaited U.S. inflation data and another pivotal earnings report from AI heavyweight Nvidia.Iran and Oman said they had discussed “a joint temp
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Hyundai lifts margin target, expands US hybrid lineup
SEOUL, Aug 26 : Hyundai Motor on Wednesday unveiled plans to add 1.27 million units of production capacity by 2030 and expand its U.S. hybrid lineups, as the South Korean automaker seeks to lift its operating profit margin above 9 per cent within four years.Hyundai said it would launch or refresh over 100 veh
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Exclusive-BNP Paribas, KB Kookmin in talks for $2 billion Vietnam Techcombank stake, sources say
HONG KONG/HANOI, Aug 26 : France’s BNP Paribas and South Korea’s KB Kookmin Bank are in separate talks to acquire at least a 15 per cent stake in Vietnam’s Techcombank as strategic investors, in a deal that could be worth $2 billion, two sources said.The potential deal, which has not been reported previously,
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BOJ to speed up its tightening campaign, raise key rate to 1.25% in September: Reuters poll
TOKYO, Aug 26 : The Bank of Japan will move more swiftly than previously expected and raise interest rates again in September, a majority of economists said in a Reuters poll, with the terminal rate also likely to be higher.Poll results reflect in part the Japanese central bank’s growing wariness about inflat
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