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Equinor sees MMP Profit at Low End of Range in Q4

OSLO, Jan 10 Reuters Norway39;s Equinor said on Wednesday the adjusted fourthquarter earnings of its Marketing, Midstream Processing MMP unit was expected to be around the low end of the guided range of between 400 million and 800 million. The fourth quarter refining and liquids margins are reduced from 3Q, Equinor said. The disclosure was part […]
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Sony Unit Continues Merger Talks with Indias Zee Nikkei

BENGALURU, Jan 10 Reuters The Sony Group continued to hold talks with Zee Entertainment Enterprises to merge their businesses in India, the Nikkei reported on Wednesday, citing people involved in the negotiations, after media reports earlier said the Japanese company was planning to scrap the 10 billion deal. The talks will continue until a Jan. 20 deadline […]
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TSMC Posts Flat Q4 Revenue but Beats Expectations

TAIPEI, Jan 10 Reuters Taiwan chipmaker TSMC reported a largely flat fourthquarter revenue on Wednesday, but that still beat both the company39;s and market39;s expectations. The world39;s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a boom in artificial intelligence applications that has helped it weather the tapering off of pandemicled demand. Revenue […]
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Indian Shares Flat ahead of Earnings, Key Inflation Data

BENGALURU, Jan 10 Reuters India39;s Nifty 50 and Sensex were muted on Wednesday, as investors remained on the sidelines ahead of earnings and key inflation readings which could influence the interest rate outlook. The bluechip NSE Nifty 50 was little changed at 21,531.60 points as of 1112 a.m. IST, while the SP BSE Sensex shed 0.01 to […]
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USD Steady as Traders await US Inflation Data, BTC Volatile

SINGAPORE, Jan 10 Reuters The dollar was steady on Wednesday in cautious trading ahead of U.S. inflation data later this week that could influence the Federal Reserve39;s policy, while bitcoin was volatile after a fake social media post rattled markets. The U.S. securities regulator said someone briefly accessed its X social media account and posted a fake […]
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Euro Zones Services Sector may Slow Further, ECB says

FRANKFURT, Jan 9 Reuters Euro zone services activity could weaken further in the coming quarters due to rising interest rates but the impact on the sector may be more muted than on manufacturing, a European Central Bank study concluded on Tuesday. The currency bloc39;s manufacturing sector had been in recession for most of 2023, partly […]
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