RBNZ Chief Flags Two Mores Cuts by Christmas, more in 2025

WELLINGTON, Aug 16 Reuters New Zealands central bank governor Adrian Orr on Friday raised the distinct prospect of cutting rates another 50 basis points by yearend, saying I would love to be delivering that in explicit comments setting the course for decisive policy easing. The Reserve Bank of New Zealand slashed its benchmark rate by a quarter […]
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Oil Prices Set to End Week Higher on US Demand Optimism

Aug 16 Reuters Oil prices were set for a second straight week of gains despite edging lower on Friday, as recent U.S. economic data boosted optimism over demand from the world39;s top oil consumer. Brent crude futures have risen about 1.3 this week, while U.S. West Texas Intermediate crude futures have increased about 1.2. On […]
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Gold Poised for Weekly Gain on US RateCut Bets

Bullion up over 1 for the week Silver, platinum, palladium head for weekly gains Gold still poised to make possible run at 2,500 analyst Aug 16 Reuters Gold prices steadied on Friday and were headed for a weekly gain on optimism about a U.S. interest rate cut, while traders await Federal Reserve Chairman Jerome Powell39;s […]
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Toyota Bets Big on HybridOnly Models as EV Demand Slows

AUSTIN, Texas, Aug 15 Reuters Toyota may be one of the slowest legacy automakers to develop electric vehicles but it could be the first to jettison cars powered only by gasoline. Almost three decades after launching the Prius, its pioneering gasolineelectric hybrid, Toyota is moving to convert most, and eventually maybe all, of its Toyota […]
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Indias Ola Electric Launches Electric Motorcycles Days after Going Public

POCHAMPALLI, TAMIL NADU, Aug 15 Reuters Indian electric vehicle maker Ola Electric Mobility launched a new series of motorcycles on Thursday, days after it went public, expanding into an untapped segment in the world39;s largest twowheeler market. India39;s electric twowheelers are almost entirely scooters, with more expensive motorcycles accounting for barely 1 of overall twowheeler EV […]
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China eCommerce Group JD.com Beats Profit Forecasts in Q2

Aug 15 Reuters Chinese ecommerce group JD.com on Thursday reported forecast beating secondquarter profits, helped by price cuts that attracted costconscious shoppers to its platform. JD.com39;s U.S.listed shares rose more than 4 in early trading. Major Chinese vendors like JD.com and Alibaba have increased focus on discounts and lowerpriced goods as Chinese shoppers have become more cautious […]
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Google Brings AI Answers in Search to new Countries

SAN FRANCISCO, Aug 15 Google parent Alphabet said on Thursday it was expanding its AIgenerated summaries for search queries to six new countries, just two months after it rolled back some capabilities following a problemriddled launch. The search giant made AI Overviews which are displayed atop a search results page before traditional links to the Web […]
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