By Shivangi Lahiri and Adwitiya Srivastava (Reuters) -Singapore Telecommunications’ first-quarter earnings climbed, mainly buoyed by a net exceptional gain from diluting its stake in Indian tele[...]
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August 15, 2024
Lenovo Q1 revenue jumps 20%, beats estimates as PC market recovers
BEIJING (Reuters) -China’s Lenovo Group reported a 20% rise in quarterly revenue on Thursday, as the global personal computer market showed signs of recovery after a two-year slump. For the thre[...]
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China’s home-price slump deepens to new 9-year low despite stimulus
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices fell at their fastest pace in nine years in July, as a slew of support policies failed to stabilise prices and restore co[...]
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Berkshire invests in Ulta Beauty, Heico as it retreats from Apple
By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during the second quarter, when it also nea[...]
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Japan’s economy rebounds strongly on consumption boost, backs case for more rate hikes
By Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) -Japan’s economy expanded by a much faster-than-expected annualised 3.1% in the second quarter, rebounding from a slump at the start of th[...]
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Israel’s El Al signs Boeing 737 MAX deal worth up to $2.5 billion
JERUSALEM (Reuters) – El Al Israel Airlines said on Thursday it had signed a deal with Boeing for the purchase of up to 31 737 MAX aircraft worth as much as $2.5 billion. El Al, Israel’s f[...]
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Telstra hits 6-month high on upbeat 2025 forecast
By John Biju and Ayushman Ojha (Reuters) -Top Australian telco Telstra raised its earnings forecast for fiscal 2025 on Thursday, prompting investors to overlook a 13% decline in annual profit and send[...]
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Fed’s Bostic open to September rate cut, FT reports
(Reuters) -Atlanta Federal Reserve President Raphael Bostic is open to an interest rate cut in September, he told the Financial Times in an interview published on Thursday, adding that the U.S. centra[...]
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SoftBank scraps AI chips tie-up plan with Intel, FT reports
(Reuters) – Japanese technology investor SoftBank dropped plans of producing an artificial intelligence chip with Intel to compete with Nvidia, the Financial Times reported on Thursday. The part[...]
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