Chinas Scorching Rally Takes a Breather to Wait on Stimulus

SINGAPORE, Oct 9 Reuters Chinese shares fell on Wednesday and commodities nursed sharp losses as investors tempered enthusiasm for a Chinese economic recovery, while broader markets steadied on expectations that the U.S. economy can avoid recession and support global demand. The New Zealand dollar fell 0.6 after the central bank cut interest rates by 50 basis points […]
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South African Rand Edges Lower ahead of Fed Minutes

JOHANNESBURG, Oct 9 Reuters South Africa39;s rand edged lower on Wednesday, ahead of the closely watched minutes from the Federal Reserve39;s September meeting. At 0746 GMT, the rand traded at 17.6125 against the dollar , 0.11 lower than its previous close. The dollar index was last up 0.17 against a basket of currencies. Fed minutes […]
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TSMCs ThirdQuarter Revenue Easily Beats Market Forecast

TAIPEI, Oct 9 Reuters TSMC, the world39;s largest contract chipmaker, reported on Wednesday thirdquarter revenue that easily beat both the market and company39;s own forecasts as it reaped the benefit from artificial intelligence AI demand. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has been at the forefront of the march towards AI that […]
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