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LG Display Talks Up H2 Recovery Hopes After 4th Straight Quarterly Loss 0
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- April 26, 2023
South Korean display panel maker LG Display (NYSE:LPL) on Wednesday pinned hopes for a second-half turnaround on the tech sector replenishing depleted inventories after racking up a fourth straight quarterly loss that trailed estimates. Amid depressed global demand for devices like computers and monitors, LG Display slumped to a 1.1 trillion won ($823 million) operating
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Hyundai Motor Finalises $5 Billion US Battery Venture, Doubles Q1 Profit 0
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- April 25, 2023
South Korea’s Hyundai Motor Co said on Tuesday it had finalized a $5 billion electric vehicle (EV) battery joint venture in the U.S., as it reported first-quarter net profit had more than doubled, exceeding expectations. Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd, will set up a new battery manufacturing
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Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast 0
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- April 24, 2023
Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – rose 5% year-on-year in March, lower than the 5.5% rise seen in February. A Reuters poll of economists had forecast a 5.1% increase
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Gold Steadies Around $2,000 As Recession Fears Fuel Safe Haven Demand 0
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- April 21, 2023
Gold prices moved little on Friday, but stuck to key levels as a string of weak economic readings brewed concerns over slowing growth and fed into haven demand for the yellow metal. While gold prices were pressured by some strength in the dollar this week, softer-than-expected manufacturing and employment readings weighed on the greenback in
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Asian Stocks Fall As Rate Hike Jitters Mount, China Leads Losses 0
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- April 20, 2023
Most Asian stock markets retreated on Thursday, tracking a weak lead-in from Wall Street as fears of rising interest rates and slowing economic growth kept traders wary of risk-driven assets. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes were among the worst performers for the day, down about 0.6% and 0.7%, respectively. Chinese markets
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Gold Edges Lower As Markets Seek Clarity On Fed Rate Hikes 0
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- April 19, 2023
Gold prices fell slightly in Asian trade on Wednesday, but hovered around key levels as markets awaited more cues on U.S. monetary policy from a string of upcoming Federal Reserve speakers and reports. The yellow metal retook the $2,000 level on Tuesday as the dollar and U.S. Treasury yields cooled after a recent recovery rally.
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