August 2023 – Page 34 – UAG Trade Asia

Cisco Touts Market Share Wins, AI Potential as Revenue Forecast Disappoints

August 17, 2023
Business
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Aug 16 Reuters Networking equipment maker Cisco Systems39; CEO talked up market share wins and artificial intelligence AI opportunities, as he moved to allay fears over slowing growth after a disappointing annual revenue forecast. The remarks helped the company39;s shares reverse course in extended trading to rise more than 2 on Wednesday. But the stock has […]

August 17, 2023
Business
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BAE to fund deal using new debt and existing cash BAE shares fall 3 in early deals Ball Corp to use proceeds to cut debt, focus on packaging Jefferies analysts say deal slightly expensive but good fit Aug 17 Reuters Britain39;s BAE Systems on Thursday agreed to buy Ball Corp39;s aerospace assets for about 5.55 billion in […]

August 17, 2023
Business
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SEOUL, Aug 17 Reuters South Korea39;s antitrust regulator said it had imposed a total of 33.6 billion won 25.06 million in fines on three domestic mobile carriers for exaggerating their 5G network speeds. The Korea Fair Trade Commission KFTC said the three South Korean firms SK Telecom Co Ltd, KT Corp and LG Uplus Corp had […]

GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Aug 01, 2023 when GBP/USD traded near 1.28.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.

August 17, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 16 August 2023 On Wednesday, the Official Cash Rate OCR was held steady at 5.5 by the Reserve Bank of New Zealand RBNZ. The OCR needs to stay at restrictive levels, they said. The committee agreed that the OCR official cash rate needs to stay at restrictive levels for the foreseeable […]

August 17, 2023
Finance
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BENGALURU, Aug 17 Reuters Indian shares fell on Thursday, dragged by information technology IT and consumer stocks, tracking weakness in global peers on worries over China39;s economy and interest rate concerns in the United States. The Nifty 50 index settled 0.51 lower at a morethan fiveweek low of 19,365.25, while the SP BSE Sensex fell 0.59 to […]

August 17, 2023
Finance
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SINGAPORE, Aug 17 Reuters The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy underscored the need for higherforlonger interest rates, contrasting with a still strikingly dovish Bank of Japan. The Australian dollar sank to a ninemonth low, taking its New Zealand counterpart along with it, after data showed […]

August 17, 2023
Finance
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MUMBAI, Aug 17 Reuters The Indian rupee weakened against the U.S. dollar on Thursday amid a further rise in US treasury yields, prompting the Reserve Bank of India RBI to intervene to prevent a larger decline. The rupee was at 83.10 by 1046 a.m. IST, compared to Monday39;s close of 82.9500. Domestic forex markets were […]

August 17, 2023
Finance
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JOHANNESBURG, Aug 17 Reuters The South African rand was little changed in early trade on Thursday before the release of business confidence figures later in the day. At 0650 GMT, the rand traded at 19.1725 against the dollar , not far from its previous close of 19.1875. The South African Chamber of Commerce and Industry […]

August 17, 2023
Finance
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SHANGHAIHONGKONG, Aug 17 Reuters Buy the state, sell the capitalist that39;s how global investors are trying to play China39;s latest antigraft crackdowns as they see private enterprise increasingly sidelined in Beijing39;s quest for common prosperity. China39;s recent sweep of the medical sector came as a shock to many investors who had thought the end of […]

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Cisco Touts Market Share Wins, AI Potential as Revenue Forecast Disappoints

BAE Systems Snaps Up Ball Corps Aerospace Arm for about 5.55B

S.Korea Fines Mobile Carriers 25M for Exaggerating 5G Speeds

GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Aug 01, 2023 when GBP/USD traded near 1.28.

RBNZ Kept Rates Unchanged, U.K. Inflation Higher Than Expected at 6.8, U.S. Stocks, Crude Metals Lower

IT, Consumer Stocks Weigh on Indian Shares amid Global Risk Aversion

Dollar Shines against Battered Yen; Aussie Dragged by Jobs Data, China Woes

Rupee Weakens, Likely RBI Intervention Keeps Losses in Check

South African Rand Flat as Business Confidence Index Due

Chinas Crackdowns Rewrite Investors Private Sector Playbook

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