SYDNEY, July 4 (APP/AFP): Australia’s central bank held interest rates at a record low Tuesday as the economy endures a soft patch while wage growth stutters, shunning indications of a move to tighter monetary policy elsewhere. The Reserve Bank of Australia has sat on the sidelines since August, having cut borrowing costs 300 basis points […]
Business News
Australia holds interest rates as economy remains soft
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Tokyo stocks close lower, eyes on NKorea missile statement
TOKYO, July 4, (APP/AFP) – Tokyo stocks ended lower Tuesday as late profit-taking erased early gains with investors keeping a close eye on an expected statement from North Korea after its latest missile launch. The benchmark Nikkei 225 slipped 0.12 percent, or 23.45 points, to 20,032.35, while the Topix index of all first-section issues was […]
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KPT shipping intelligence report
KARACHI, July 4 (APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Tuesday. ALONG SIDE (Bulk Oil Pier) OP-I Nord Larkspur D.Petrol Trans maritime 01/07/17 OP-II Sea Master IV D. Crude Oil PNSC 03/07/17 OP-III Glenda Melody D. HSD GAC 03/07/17 ALONG SIDE (East […]
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Samsung to invest $18 billion in memory chip business
SEOUL, July 4, (APP/AFP) – Samsung Electronics will invest nearly $18 billion in its chip business, the South Korean firm said Tuesday, as it seeks to expand its lead in the global memory chip and smartphone markets. The world’s top maker of smartphones and memory chips will invest 20.4 trillion won ($17.7 billion) by 2021 […]
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Tokyo stocks edge up by break
TOKYO, July 4, (APP/AFP) – Tokyo stocks edged higher Tuesday morning, with a weak yen lending support as investors shrugged off North Korea’s latest missile launch. The benchmark Nikkei 225 gained 0.43 percent, or 85.41 points, to sit at 20,141.21 by the break, while the Topix index of all first-section issues was up 0.21 percent, […]
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Tokyo stocks open higher
TOKYO, July 4, (APP/AFP) – Tokyo stocks opened higher Tuesday as the yen remained cheaper against the dollar, reflecting rises in US Treasury yields on the latest brisk economic data. The benchmark Nikkei 225 edged up 0.68 percent, or 136.32 points, to 20,192.12 in early trading while the Topix index of all first-section issues rose […]