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Reddit, Pinterest shares tumble on weak user and revenue growth

Oct 30 : Shares of Reddit and Pinterest fell in premarket trading on Friday, after Reddit warned that Google's AI search features could shrink its user base, and Pinterest forecast weak fourth-quarter revenue.Reddit shares tumbled 23 per…

Reddit, Pinterest shares tumble on weak user and revenue growth

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Cathay Pacific says Amadeus breach affected 53,000 bookings

Oct 30 : Hong Kong flagship carrier Cathay Pacific Airways said on Friday a data security breach at the Spanish software provider Amadeus affected around 53,000 bookings, though its own systems and operations were unaffected.Cathay joins…

Cathay Pacific says Amadeus breach affected 53,000 bookings

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Panasonic's battery unit posts higher Q2 operating profit, lifts forecast

TOKYO, Oct 30 : Japan's Panasonic Holdings said on Friday that operating profit at its energy unit surged to 55.6 billion yen ($352 million) in the second quarter from 1.2 billion yen a year earlier, boosted by higher sales of in-vehicle…

Panasonic's battery unit posts higher Q2 operating profit, lifts forecast

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Spotify targets 2027 launch for AI remix service, FT reports

Oct 30 : Spotify aims to launch an AI-powered music remix service in the first quarter of 2027, targeting a potential unveiling around the Grammy Awards in February, the Financial Times reported on Friday, citing people familiar with the…

Spotify targets 2027 launch for AI remix service, FT reports

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Yen steady before BOJ, AI jitters drive Treasury rally, weigh on dollar

HONG KONG, Oct 30 : The yen was steady on Friday ahead of the Bank of Japan's policy decision, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety.The BOJ is set to keep…

Yen steady before BOJ, AI jitters drive Treasury rally, weigh on dollar

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Tokyo core inflation exceeds BOJ target in October

TOKYO, Oct 30 : Annual core inflation in Japan's capital well exceeded the central bank's 2 per cent target in October, data showed on Friday, highlighting mounting price pressure and cementing the case for further interest rate hikes.The…

Tokyo core inflation exceeds BOJ target in October

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Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts

SEOUL, Oct 29 : Hyundai Motor reported a 5.5 per cent rise in third-quarter operating profit on Thursday, as favourable foreign exchange rates helped offset the impact of partial strikes and weaker sales of ageing models. Hyundai, which…

Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts

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Exclusive-Bank of Korea board member says won moves faster than expected

SEOUL, Oct 29 : A voting member on the Bank of Korea's board warned that the recent pace of the won's moves warranted close monitoring, signalling caution over the currency even as the export-reliant economy benefits from booming demand…

Exclusive-Bank of Korea board member says won moves faster than expected

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Vietnam sets minimum state ownership for major banks at 65%

HANOI, Oct 29 : Vietnam has approved a plan to set the minimum state ownership level for state-run lenders at 65 per cent by 2030, part of a broader programme to restructure state capital in major enterprises and banks. State holdings…

Vietnam sets minimum state ownership for major banks at 65%

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Cash is king as investors draw new battle lines in AI spending boom

Oct 29 : Cash flow is king again.Wall Street rewarded Microsoft and Oracle on Wednesday for showing that they could fund their enormous AI ambitions without endlessly tapping investors. Alphabet, by contrast, was punished for burning…

Cash is king as investors draw new battle lines in AI spending boom

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Toyota supplier Denso posts fall in second-quarter profit

TOKYO, Oct 29 : Japan's Denso, a major auto parts supplier to Toyota, reported an 18 per cent fall in second-quarter operating profit on Thursday, as higher parts and material costs weighed on results.Operating profit for the…

Toyota supplier Denso posts fall in second-quarter profit

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Samsung posts record profit in Q3 on AI chip boom

SEOUL, Oct 29 : Samsung Electronics said on Thursday its operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips, even as investors remained wary about the durability of AI…

Samsung posts record profit in Q3 on AI chip boom

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Leak website releases data on thousands of US Homeland Security employees

WASHINGTON, Oct 28 : The leak website Distributed Denial of Secrets said on Wednesday it has released data on more than 40,000 Department of Homeland Security employees, including details about officials working in sensitive fields such as…

Leak website releases data on thousands of US Homeland Security employees

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US oil prices fall as investors gauge risks to Mideast supply

TOKYO, Oct 29 : Oil prices fell on Thursday, paring the previous day's gains, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict.Brent crude futures declined 82…

US oil prices fall as investors gauge risks to Mideast supply

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Gen Digital raises annual revenue forecast on strong cybersecurity demand

Oct 28 : Gen Digital raised its annual revenue forecast on Wednesday, signaling sustained demand for its cybersecurity offerings as consumers seek protection from increasingly sophisticated online threats.Shares of the company rose about 7…

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Microsoft's cloud growth, cash flow offer respite from AI spending fears

Oct 28 : Microsoft on Wednesday delivered a big cash flow beat and forecast strong cloud growth, offering fresh evidence that its hefty AI bets were paying off even as concerns mount over Big Tech's spending spree.The results underscore a…

Microsoft's cloud growth, cash flow offer respite from AI spending fears

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Microsoft cloud revenue beats estimates in sign that AI bet is paying off

Oct 28 : Microsoft on Wednesday forecast fiscal second-quarter cloud growth and overall sales that beat Wall Street estimates, sending shares up more than 5 per cent in after-hours trading.The forecast came after Microsoft had earlier…

Microsoft cloud revenue beats estimates in sign that AI bet is paying off

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Alphabet shares fall after revenue miss, cash burn worsens

Oct 28 : Google parent Alphabet on Wednesday missed Wall Street profit and revenue expectations, and AI spending accelerated its cash burn, sending its shares down more than 10 per cent in extended trading.Capital expenditures, driven by…

Alphabet shares fall after revenue miss, cash burn worsens
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