Tag: per
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OpenAI cuts developer pricing for frontier GPT-5.6 Sol model by more than 20%
Aug 21 : OpenAI said on Friday it is cutting the prices of its frontier GPT-5.6 Sol model for developers by more than 20 per cent for the next three months, as the ChatGPT maker faces growing competition from Anthropic and Chinese AI models.Here are more details:• The price cuts are effective on Open
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Dollar falls to three-month low on Treasury buyback worries
Aug 21 : The dollar fell to a three-month low against the euro on Friday as concerns mounted that the U.S. Treasury’s plan to expand buybacks of longer-dated government debt could weigh further on the U.S. currency.Treasury Secretary Scott Bessent said on Thursday he may increase the government’s repurchases
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Dollar near three-month low on Treasury buyback worries
Aug 21 : The dollar slipped on Friday, trading near a three-month low against the euro, as concerns mounted that the U.S. Treasury’s plan to expand buybacks of longer-dated government debt could weigh further on the U.S. currency.Treasury Secretary Scott Bessent said Thursday he may increase the government’s
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Samsung Electronics expects shareholder returns up to $80 billion this year
SEOUL, Aug 21 : Samsung Electronics said on Friday that it expects its shareholder returns for this year could reach up to 110 trillion won ($79.54 billion), which includes 30 trillion won in cash dividends in the third quarter. Samsung, which, like rival SK Hynix, has seen earnings soar as the AI boom create
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Oil set for second weekly gain as US ramps up pressure on Iran
Aug 21 : Oil prices edged lower on Friday but were on track for a second straight weekly gain after the United States threatened to impose “the toughest sanctions in history” with no end in sight for disruptions to Middle East oil flows.Brent crude futures fell 17 cents, or 0.18 per cent, to $93.61 a…
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Samsung board set to discuss huge shareholder return package on Friday
SEOUL, Aug 21 : Samsung Electronics will hold a board meeting on Friday afternoon to discuss a new shareholder return package, a person familiar with the matter said, after media reports put the plan’s worth at more than $70 billion.Samsung, which like rival SK Hynix, has seen earnings soar as the AI boom cre
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Japan July core CPI rises 1.8% yr/yr
(Corrects paragraph 3 per centage rise to 1.9 per cent, not 1.8 per cent)TOKYO, Aug 21 : – Japan’s core consumer prices rose 1.8 per cent in July from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared wi
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Japan’s core inflation accelerates in July, bolsters case for rate hike
TOKYO, Aug 21 : Japan’s core consumer inflation accelerated in July from a year earlier as firms passed on rising import costs from a weak yen and the U.S.-Israeli war on Iran, data showed on Friday, bolstering the case for a rate hike from the central bank.The data will be among the factors the Bank…
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AI reshapes India’s IT services sector contracts as clients demand more for less
BENGALURU, August 21 : Artificial intelligence promised to disrupt India’s IT industry and it is delivering.Outsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging business models, increasingly tying fees to performance outcomes instead of hours worked, as client
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Trading Day: Can’t get no relief
ORLANDO, Florida, Aug 20 : That didn’t last long. U.S. bond yields rose on Thursday, retracing much of the previous day’s decline on Treasury’s surprise buyback announcement and pushing Wall Street to a two-week low. Another rise in oil prices, and a rare sales miss from retail giant Walmart also weighed heavily on
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