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03.08 / 08:59

UPS Reuters Williams Extreme PEP Time fall Law partner pay to fall for first time in seven years

Australian law firms are following the global trend of flat profits in the legal industry, with partner pay expected to fall for the first time in seven years due to an explosion in expenses.

03.08 / 07:13

UPS Provident Reuters show performer cover foreign US Dollar likely to maintain its position against foreign currencies over next 3 months, says Reuters Survey

According to FX strategists surveyed by Reuters, the US dollar will maintain its position versus the majority of foreign currencies over the next three months because of predictions that interest rates would remain higher for longer due to the strength of the domestic economy. Despite net short dollar positions reaching their largest level since March 2021, the dollar has increased by almost 3% (DXY) after it reached its lowest point in more than a year on July 14 due to waning expectations for Federal Reserve interest rate reduction.

03.08 / 06:49

Reuters Mobile Tesla Hyundai NVIDIA Samsung AI chip maker Tenstorrent raises $100 million from Hyundai, Samsung in a bid to rival Nvidia's chip dominance

Bard. The startup, led by former Tesla employee Jim Keller, has raised $234.5 million to date and is currently valued at around $1 billion.

03.08 / 05:35

Reuters Booking Manufacturing COMPOSITE show performer services India’s services activity books fastest growth rate in 13 years on strong demand: PMI data

India's dominant services sector continued its robust performance as total sales rose at the quickest pace since June 2010, PMI data released on Thursday showed. S&P Global's India services purchasing managers' index rose to 62.3 in July from June's 58.5. Analysts at Reuters had pegged a dip to 58.0.

03.08 / 03:59

Reuters Manufacturing Apple Samsung Customer Apple-Goldman Sachs high-yield savings account surpasses $10B in customer deposits

savings account, in collaboration with Goldman Sachs, has surpassed $10 billion in customer deposits. The account, which became available in April, allows Apple Card users to earn an annual percentage yield of 4.15 per cent on their savings. According to Reuters, to prevent clients from transferring their funds to other high-yield alternatives, U.S.

03.08 / 03:59

Reuters NIFTY SENSEX fall Rupee extends fall; opens 14 paise lower at 82.72 against the US dollar

rupee witnessed its biggest single-day loss in nearly two months and ended 32 paise lower at 82.58 a dollar. “Rupee is likely to depreciate further amid firm dollar and weak global market sentiments.

03.08 / 03:27

Provident Reuters Manufacturing Toyota Lexus Toyota introduces its first hybrid Land Cruiser in this market. Check details

On Wednesday, Toyota revealed the initial hybrid edition of the Land Cruiser, which is intended for release in North America and other significant markets. The company aims to reestablish the prominence of this high-margin and iconic sports utility vehicle. As per Reuters, the car manufacturer has announced that it will manufacture the latest version of the brand, which has its origins dating back to 1951, along with a smaller recently unveiled version.

03.08 / 03:17

COST Reuters Mobile Tesla track country social In India, it's advantage Tesla as Chinese automakers face heat

Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China's BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms for an entry to the world's third-largest auto market without the competitive threat from BYD that it faces in other emerging markets, like Thailand. «The future of who wins in India will have some bearing on who wins globally in the EV race,» said Jasmeet Khurana of the World Economic Forum.

03.08 / 02:47

Reuters Strategy ANZ show analysts Indian RBI intervention to keep Indian rupee in a tight range, analysts say

Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year as the Reserve Bank of India uses its vast foreign exchange reserves to keep the currency stable, a Reuters poll found. Expected volatility in the rupee over the next three months was at its lowest in two decades as the Indian central bank continued to buy dollars, adding to its FX reserves of over $600 billion. After falling over 10% in 2022, the rupee has gained just 0.2% so far this year and is unlikely to recoup those losses anytime soon, despite India retaining its title as the world's fastest-growing large economy.

03.08 / 02:35

UPS Reuters Ripple Fallout Fitch Oil rises marginally as markets weigh inventory data, US ratings downgrade

Oil prices rose slightly in early Asian trading on Thursday, as markets weighed bullish U.S. inventory data on Wednesday and a likely extension of OPEC+ output cuts against the fallout of Fitch's downgrade of the U.S. government's top credit.

03.08 / 02:35

Lowe's Reuters Fitch show country week Gold near 3-week lows as US data points to more Fed tightening

Gold prices languished near three-week lows on Thursday after a larger-than-expected increase in U.S. private payrolls in July fuelled bets on more monitory policy tightening and boosted the dollar and bond yields. FUNDAMENTALS * Spot gold was little changed at $1,935.20 per ounce by 0100 GMT, trading near its lowest level since July 12 hit in the previous session.

03.08 / 01:43

Reuters Remark Dreams Celebrity show performer country Argentina depart with zero win in Women's World Cup: ‘They gave their all,’ says coach

The Argentinian women's football team departed the Women's World Cup in New Zealand with a sense of both disappointment and optimism. While they fell short of securing any win, the team's spirited performances in their three matches have given them hope for the future, with a new generation of players showing great promise. Their first match against Italy came close to an upset, but a late goal from the opposition resulted in a 1-0 defeat.

02.08 / 19:35

Provident Reuters Fighting country voice Support Brazil's Lula voices support for more countries joining BRICS group

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

02.08 / 17:19

Lowe's Reuters Fitch MSCI ADP show Dollar shrugs off Fitch's US downgrade, advances on strong jobs data

dollar rose on Wednesday as investors shrugged off Fitch's U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it suggested further labor market resilience. Private payrolls rose by 324,000 jobs last month, the ADP National Employment report showed, more than an increase of 189,000 that economists polled by Reuters had forecast.

02.08 / 16:13

Reuters Fitch country Oil prices fall Oil prices fall despite record US crude stock drawdown

By Laura Sanicola

02.08 / 13:57

Reuters Digital ADP show US private payrolls beat expectations in July, ADP says

WASHINGTON (Reuters) — U.S. private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession.

02.08 / 12:47

BLOCK Reuters Tesla show country blues rock energy transition clean energy World battles to loosen China's grip on vital rare earths for clean energy transition

Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world's two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple's iPhone to Tesla's Model 3 to Lockheed Martin's F-35 fighter jet.

02.08 / 11:09

Twitter FIVE BLOCK Reuters Platform Fighting social Indian elon Elon Musk's X fights back against Indian court's ruling, citing concerns over censorship

Elon Musk's social media platform X is aiming to challenge a verdict by an Indian court, which stated that the platform failed to comply with government directives to take down certain content, reported Reuters. The company asserts that this ruling might empower New Delhi to block additional content and expand the possibilities of censorship. X, previously recognized as Twitter, attempted to reverse official mandates in July 2022, requiring the deletion of specific material from its platform.

02.08 / 10:17

UPS Reuters Airlines Browser Traffic Ryanair sets traffic record in July for third straight month

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02.08 / 10:17

UPS Reuters Coca-Cola Google Browser Inside Coca-Cola bottler CCEP intends to acquire Coke's Philippines business for $1.8 billion

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02.08 / 09:39

UPS Reuters Manufacturing Foxconn to invest $600 million in Karnataka for components, chipmaking machinery

Taiwan's Foxconn will invest $600 million in two manufacturing projects in Karnataka, including one which will be a partnership with U.S.-based Applied Materials, a state government statement said.Foxconn will invest $350 million to set up a unit to manufacture components for smartphones, including for iPhone, said the statement, first being reported by Reuters.

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