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Canada’s Shopify forecasts revenue above estimates, shares surge
Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services, sending its U.S.-listed shares up 26 per cent premarket. The company’s solid outlook and a second-quar
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US dollar to retain strength, yen intervention no game changer: Reuters poll
BENGALURU, Aug 5 : The U.S. dollar will hold firm in coming months before weakening later in the year, according to FX strategists surveyed by Reuters who also generated some of the weakest consensus Japanese yen forecasts since polling began in the early 1990s. Fuelled by interventions from Tokyo and coordin
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Global Payments cuts annual forecasts as Middle East conflict hits travel spending
Aug 5 : Payment technology company Global Payments cut its annual net revenue and profit forecasts on Wednesday amid economic uncertainty linked to the war in the Middle East. Shares of the company, which are up 14 per cent so far this year, fell about 2.7 per cent in premarket trading following results.
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Thomson Reuters reports higher second-quarter revenue
Aug 5 : Thomson Reuters reported a 9 per cent rise in second-quarter revenue on Wednesday, boosted by its big three legal, corporates and tax and accounting businesses. Thomson Reuters said its second-quarter revenue rose to $1.95 billion, edging past estimates of about $1.9 billion. It said earnings per sha
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Yen drifts after intervention whirlwind; Iran optimism dents dollar
LONDON, Aug 5 : The Japanese yen steadied on Wednesday after its most volatile few days in months thanks to several rounds of historic intervention, while the dollar traded around six-week lows against other currencies as optimism over a resolution to the war in Iran blunted any safe-haven demand. The yen
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Yen steadies after intervention, dollar near 6-week low on Mideast hopes
HONG KONG, Aug 5 : Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East.The yen was slightly firmer at 157.61 per U.S. do
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Asia shares climb as tech mood swings, oil retreats
SYDNEY: Asian stock markets jumped on Wednesday (Aug 5) as robust earnings and renewed appetite for tech propelled Wall Street to record highs, while hopes for progress on opening the Strait of Hormuz pushed down on oil prices and bond yields.Japan’s Nikkei climbed 3.0 per cent and South Korea added 4.1 per c
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Yen finds footing after intervention, dollar near 6-week low on Mideast hopes
HONG KONG, Aug 5 : Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East.The yen was slightly firmer at 157.60 per U.S. do
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Asia shares surge on tech mood swing, oil retreats
SYDNEY, Aug 5 : Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.Japan’s Nikkei climbed 3.0 per cent and South Korea added 3.4 per ce
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AMD’s AI-powered revenue forecast fails to wow investors
Aug 4 : AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.Yet, its shares fell nearly 9 per cent in extended trading, suggesting that investors were looking for an even stronger ou
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