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Apple Supplier Foxconn sees Strong 2024, Q4 Beats Forecasts

TAIPEI, March 14 Reuters Apple supplier Foxconn said on Thursday it expects revenue to increase significantly in 2024 following a slow start to the year amid booming demand for AI servers, after it posted fourthquarter profit that beat market estimates. The outlook has turned rosier since Foxconn Chairman Young Liu said in November the world39;s largest contract […]
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AstraZeneca to Buy Amolyt Pharma for 1.05B to Boost RareDisease Portfolio

March 14 Reuters Drugmaker AstraZeneca said on Thursday it would acquire rare endocrine diseasesfocused firm Amolyt Pharma for 1.05 billion in cash, in a bid to boost its rare diseases portfolio. Amolyt, backed by investors including Danish drugmaker Novo Nordisk39;s parent firm Novo Holdings and EQT Life Sciences, is currently in the latestage development of a therapy […]
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U.K. Labour Market Cooled Further, U.S. CPI Rose 0.4 mm

Previous Trading Days Events 12.03.2024 Unemploymentrelated benefits Claimant Count are higher for February 2024 period than previous and with lower average earnings reported. The unemployment rate for the U.K. rose to 3.9 from 3.8 . The labour market slowed sharply in February as recruitment firms reported the biggest drop in demand for staff from employers […]
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US Immigration Fillip Shifts Economys Trajectory

LONDON, March 13 Reuters With fears of a U.S. recession wiped away and financial markets bulled up on the growth trajectory again, an immigration fillip is playing a key role and may even prove disinflationary to boot. Likely one of the hottest of hot button issues in this year39;s White House election, upward revisions to […]
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Oil Rises on Russian Refinery Attacks, Signs of Strong Demand

API data shows drop in U.S. oil and fuel stocks, sources say Russian refineries attacked by Ukraine; Rosneft plant damaged OPEC remains upbeat on oil demand growth U.S. rate cut hopes have not been derailed by inflation data LONDON, March 13 Reuters Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on […]
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USD Holds Steady on US Inflation, Fed Rate Cut Still in Sight

LONDONTOKYO, March 13 Reuters The U.S. dollar index held steady on Wednesday as traders shrugged off hotterthanexpected U.S. inflation and still expected a Federal Reserve interest rate cut in June. The U.S. consumer price index CPI increased solidly in February, beating forecasts and suggesting some stickiness in inflation. Although the CPI rose 0.4 in February in line […]
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