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Japan's Nikkei plunges as tech stocks hammered by AI, rate hike worries
TOKYO: Japan’s Nikkei share average tumbled nearly 5% on Thursday, with tech stocks hit hard by media reports about distressed debt at US cloud-computing provider CoreWeave, while hot US inflation…
Business RecorderChina stocks fall, led by tech, as US inflation stokes Fed fears
SHANGHAI: China stocks fell on Thursday , tracking broad weakness in global markets, as technology shares led declines after stronger-than-expected US inflation data fueled concerns that interest…
Business RecorderChina's yuan gains as Fed rate caution knocks dollar from 18-month high
SHANGHAI: China’s yuan inched higher against the dollar on Thursday after the US currency slipped from an 18-month peak as Federal Reserve officials cautioned about chances for a hike in interest…
Business RecorderBoE's Pill says a rate hike need not be start of long series
BANGKOK: A future interest rate increase by the Bank of England should not be interpreted by investors as the start of a long series of increases, BoE Chief Economist Huw Pill said on Thursday.
Business RecorderIndia's palm oil imports in September rose 4.5% month-on-month, trade body says
India’s palm oil imports in September rose 4.5% from August to 817,884 metric tons, the Solvent Extractors’ Association of India (SEA) said on Thursday.
Business RecorderItaly to raise 0.44% of GDP from financial sector through 2029 to fund budget
ROME: Italy plans to raise 0.44% of gross domestic product from the financial sector to help fund its budget over the 2027-2029 period, a government document showed on Thursday.
Business RecorderAurangzeb meets IMF chief, briefs investors on Pakistan’s economy
Finance Minister Muhammad Aurangzeb met International Monetary Fund (IMF) Managing Director Kristalina Georgieva and briefed international investors on Pakistan’s economic stabilisation, fiscal…
Business RecorderIndian rupee to rise after US yields reverse inflation-led spike, Fed hike bets remain low
MUMBAI: The Indian rupee is likely to rise at the open on Thursday , boosted by the pullback in US Treasury yields after an initial rise on sticky inflation data, with traders still pricing in…
Business Recorder
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