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TSMC Q3 profit blows past market forecast to a record on AI spending boom
[TAIPEI] TSMC, the world’s main producer of advanced artificial intelligence (AI) chips, posted a 39.1 per cent jump in third-quarter profit to record levels that handily beat market forecasts on…
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Gold hits record high as investors turn to safe haven
[BENGALURU] Gold hit a record high on Thursday (Oct 16) as investors sought refuge in the metal amid persistent geopolitical and economic uncertainties, with expectations of US rate cuts and…
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Global EV sales hit record 2.1 million in September: research firm
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 26 per cent in September from a year ago to a record 2.1 million units, driven by strong demand in…
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Gold hovers near record high on renewed trade tensions, US rate outlook
Investors expect a 25-basis-point rate cut at the upcoming Fed meeting this month, with a similar reduction anticipated in December [BENGALURU] Gold prices rose on Wednesday (Oct 15), hovering near…
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Gold hits record high on Fed rate-cut bets, US-China trade woes
Investors are pricing in a near-certain chance of a 25-basis-point Fed rate cut in both October and December [BENGALURU] Gold rose to a fresh high just shy of the US$4,200-per-ounce…
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Gold hits record high on safe-haven rush; silver follows suit
Investors continue to anticipate a 25-basis-point rate cut at the Fed meeting this month, followed by a similar reduction in December [BENGALURU] Gold prices climbed to a record high on…
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Gold hits record high as US-China trade concerns boost safe-haven demand
[BENGALURU] Gold prices climbed to a record high on Monday (Oct 13), driven by safe-haven demand on fresh US-China trade concerns, while broader economic and political uncertainties and expectations of…
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Gold’s record run creates new rulebooks for investors
Its soaring run comes as investors bet heavily on US rate cuts and concern grows about the greenback’s role as the world’s top reserve currency [LONDON] Investors are testing well-established…
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Uniqlo owner Fast Retailing posts record profit for fourth year
The apparel maker beats its own forecast, with operating profit jumping to 564.3 billion yen [TOKYO] Japan’s Fast Retailing, owner of global clothing brand Uniqlo, booked its fourth consecutive year…
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Gold pauses after record rally on safe-haven demand
Markets are pricing in an additional 25-basis-point cut each in October and December [BENGALURU] Gold eased on Thursday (Oct 9), as investors booked profits a day after bullion breached the…
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Europe: French stocks revive after turmoil; Stoxx at record highs
[BENGALURU] European shares climbed to record highs on Wednesday (Oct 8), powered by strong gains in French and Spanish stocks, and steelmakers rallied after the EU unveiled plans to slash…
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Thousands Stranded As Record Floods Submerge Vietnam Streets
Record floods submerged streets and inundated homes in Vietnam on Wednesday, leaving tens of thousands of people stranded, with at least eight killed this week. Floodwaters reached the tops of…
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Make in India booster: iPhone exports hit record about $10 billion in April-Sep
Make in India booster: iPhone exports hit record about $10 billion in April-SepIANS In a fillip for ‘Make in India’ and the production-linked incentive (PLI) schemes, tech giant Apple has…
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Snakebite Surge As Bangladesh Hit By Record Rains
In the swamplands along Bangladesh’s mighty Padma River, snakes slithering through villages have become an unrelenting menace, leaving residents terrified and hospitals overwhelmed with bite victims. Doctors and experts warn…
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Gold prices hit record high, nears US$4,000 per ounce mark on safe-haven demand
[BENGALURU] Gold prices climbed to an all-time high on Wednesday (Oct 8), nearing the crucial US$4,000-per-ounce level, bolstered by economic and geopolitical uncertainty and expectations of additional interest rate cuts…
