Author: Ritu

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HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend

HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net...

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Maersk Nears Complete Russia Exit After Selling Logistics Sites

Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it...

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Asian Stocks Muted Amid Fed Fears, China Buoyed By Stimulus Hopes

Most Asian stocks kept to a tight range on Monday as markets awaited more cues on monetary policy from a slew of Federal Reserve events...

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Palantir Posts First Quarterly Profit Following New Contract Wins

Palantir (NYSE:PLTR) reported its first-ever quarterly profit, as well as a top- and bottom-line beat in the final three months of 2022, as...

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Toshiba Cuts Full-Year Profit Estimate, COO Resigns

Japan’s Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings...

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Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War

Slashed prices have given Tesla (NASDAQ:TSLA)’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up...

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Nissan, Renault To iInvest $600 Million To Make New Models In India

Nissan (OTC:NSANY) Motor Co and Renault SA (OTC:RNLSY) said on Monday they would invest $600 million to make six new models in India. The...

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Exclusive-SoftBank’s Arm China Lays Off Workers As Outlook Grim -Sources

SoftBank Group Corp’s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with a...

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Exclusive-Intel Weighs Boost To Investment In Vietnam Chip Packaging Plant -Sources

Intel Corp is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and...

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Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged

Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in...

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