Author: Ritu

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Tesla Resumes US Orders For Model 3 Long-Range Version At Lower Price

Inc has resumed taking orders for its Model 3 long-range version in the United States, the company’s website showed late on Tuesday, after a temporary halt last year due to delivery backlogs. The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at […]

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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

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Global banks raise forecast to 4% peak for key ECB rate

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Sony Shares Tumble On Weaker-Than-Expected Annual Outlook

Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For the […]

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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

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Global banks raise forecast to 4% peak for key ECB rate

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4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings

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Pfizer Pledge For More Equal Access to Rsv Shot Faces Hurdles

Pfizer Inc (NYSE:PFE) has pledged to deliver critical new medicines more quickly in low-income nations, but its first such vaccine effort faces hurdles likely to delay distribution in poorer countries by several years, global health officials told Reuters. Pfizer made a commitment on more equitable access last year, following criticism that it prioritized wealthy nations […]

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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

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Global banks raise forecast to 4% peak for key ECB rate

Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to Read more

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Amazon’s AWS Warning, PCE Ahead, European Economic Data – What’s Moving Markets

Amazon warns of a slowdown at its crucial cloud-computing division, while U.S. stock futures edge down after a fresh batch of other corporate results. Focus will turn to the Federal Reserve’s preferred inflation gauge later today, but in the meantime traders are digesting major economic data out of Europe U.S. stocks pointed lower on Friday […]

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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

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Volvo Cars Plans Cost Cuts As First-Quarter Profit Drops

Sweden-based automaker Volvo Car Group reported a smaller-than-expected fall in first-quarter operating earnings on Thursday and said while overall demand remained healthy it may still cut costs as the global economy slows down. Volvo Cars, majority-owned by China’s Greely Holding, said operating earnings fell to 5.1 billion Swedish crowns ($494.63 million) in the quarter from […]

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LG Display Talks Up H2 Recovery Hopes After 4th Straight Quarterly Loss

South Korean display panel maker LG Display (NYSE:LPL) on Wednesday pinned hopes for a second-half turnaround on the tech sector replenishing depleted inventories after racking up a fourth straight quarterly loss that trailed estimates. Amid depressed global demand for devices like computers and monitors, LG Display slumped to a 1.1 trillion won ($823 million) operating […]

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Hyundai Motor Finalises $5 Billion US Battery Venture, Doubles Q1 Profit

South Korea’s Hyundai Motor Co said on Tuesday it had finalized a $5 billion electric vehicle (EV) battery joint venture in the U.S., as it reported first-quarter net profit had more than doubled, exceeding expectations. Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd, will set up a new battery manufacturing […]

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Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast

Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – rose 5% year-on-year in March, lower than the 5.5% rise seen in February. A Reuters poll of economists had forecast a 5.1% increase […]

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Gold Steadies Around $2,000 As Recession Fears Fuel Safe Haven Demand

Gold prices moved little on Friday, but stuck to key levels as a string of weak economic readings brewed concerns over slowing growth and fed into haven demand for the yellow metal. While gold prices were pressured by some strength in the dollar this week, softer-than-expected manufacturing and employment readings weighed on the greenback in […]

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Asian Stocks Fall As Rate Hike Jitters Mount, China Leads Losses

Most Asian stock markets retreated on Thursday, tracking a weak lead-in from Wall Street as fears of rising interest rates and slowing economic growth kept traders wary of risk-driven assets. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes were among the worst performers for the day, down about 0.6% and 0.7%, respectively. Chinese markets […]

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