ASMLs Lowered Forecast Suggests Factory Overcapacity, not Chip Doom

Oct 16 Reuters ASML39;s deep forecast cuts that sparked a global tech stock selloff signal overcapacity at chip factories rather than a slowdown in global semiconductor demand, analysts said. While the weaker 2025 sales outlook from the chip equipment maker on Tuesday raised fears of faltering global semiconductor demand, several analysts pointed to inventory buildups at chip factories […]
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Oil Steadies after Fall as Middle East Uncertainty Persists

OPEC cuts tighten market U.S. crude inventories likely rose last week Product inventories expected to have fallen LONDON, Oct 16 Reuters Oil steadied on Wednesday, supported by OPEC cuts and uncertainty over what may happen next in the Middle East conflict, although an outlook for ample supply next year added downward pressure. Crude fell more than 4 […]
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Indias High Food Prices Curtail Spending in Early Festive Season, Retailers

NEW DELHI, Oct 16 Reuters Rising prices of edible oils and vegetables like onions and tomatoes have driven up grocery spending for Indian households ahead of the festival season, prompting some consumers to limit more expensive purchases like electronic items, retailers said. India39;s annual festival season, which runs from late September to early November, sees […]
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