MANILA, Dec 3 : A slower growth outlook for the Philippines raises the chances of another policy rate cut at a policy review next week, the central bank governor said on Wednesday.
Bangko Sentral ng Pilipinas Governor Eli Remolona said growth…
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Marvell to buy chip startup Celestial AI for $3.25 billion, bullish on growth next year
SAN FRANCISCO, Dec 2 : Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year.
Marvell’s shares were up about 13 per cent in…
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Thai inflation negative again in November, industry sees floods trimming growth
BANGKOK, Dec 3 : Thailand’s annual headline inflation rate was negative for an eighth month in November, driven by falling energy prices and government support measures, but the commerce ministry said on Wednesday it expected consumer prices to…
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India’s January-October iron ore imports at six-year high, JSW Steel top buyer
NEW DELHI, Dec 3 : India’s iron ore imports hit a six-year high this year as steel mills stepped up overseas purchases to overcome shortages of high-grade ore and take advantage of lower global prices for the steelmaking raw material, analysts…
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Foxconn subsidiary plans to expand production in Vietnam, document shows
HANOI, Dec 3 : Fushan Technology, a subsidiary of Taiwanese electronics manufacturer Foxconn, is seeking a permit to expand production in Vietnam to make Xbox gaming devices and other electronic parts, according to a company document sent to Bac…
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Oil settles slightly higher as Moscow peace talks fail to reach breakthrough
HOUSTON, Dec 3 : Oil prices settled higher on Wednesday after the U.S. and Russia failed to reach a deal to end the war in Ukraine that could have eased sanctions on Moscow’s oil sector, though gains were held back by fears of oversupply.
Brent…
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AT&T commits to ending DEI programs
WASHINGTON, Dec 2 : U.S. wireless carrier AT&T said in a letter to the U.S. telecoms regulator that it had committed to ending diversity, equity and inclusion programs, a move that comes as it seeks approval from the Trump administration to buy…
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WLF to launch real-world asset products in January, co-founder says
DUBAI, Dec 3 : World Liberty Financial, a crypto venture backed by U.S. President Donald Trump’s family, will launch its suite of real-world asset products at the beginning of the first quarter in January, co-founder Zach Witkoff announced on…
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Former EU top diplomat accused in fraud investigation
The EU’s former foreign policy chief, Federica Mogherini, has been accused of fraud as part of an EU investigation into the misuse of funds, the European Public Prosecutor’s Office (EPPO) has said.
The EPPO said searches were carried out on…
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Lebanon, Israel hold first direct talks in decades: source to AFP
Lebanese and Israeli civilian representatives held their first direct talks Wednesday in decades, part of a year-old ceasefire monitoring mechanism in the war with militant group Hezbollah, a source close to the talks told AFP.
The meeting was…
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