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Rupee Falls At All-Time Closing Low Of Rs 83.65 Against US Dollar
The rupee depreciated 13 paise to close at fresh record low of 85.65 (provisional) against the US dollar on Tuesday, ending the year with a sharp 3 per cent loss on significant foreign fund outflows and a strong greenback in global markets.
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Nokia Taps AI Boom With $2.3 Billion Infinera Purchase
Nokia is on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence (AI), as part of the Finnish company's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal. The acquisition of Infinera will help it to leapfrog Ciena and become the second largest ...
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Rupee Weakens To Record Low Against US Dollar Amid Iran-Israel Conflict
The rupee depreciated 9 paise to 83.53 against the US dollar in early trade on Tuesday, weighed down by a strong American currency and elevated crude oil prices.
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Pak Receives Global Condemnation Over $830 'Exit Fee' For Afghan Refugees: Report
Several Western diplomats and the United Nations have strongly criticised Pakistan over its decision to impose hundreds of dollars in exit fees for every Afghan refugee who fled the persecution by the Taliban condemning the decision as "shocking
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India Rejects Australia Court Order Asking Ex Envoy To Compensate Ex Help
India on Thursday strongly rejected an Australian court's ruling ordering former Indian high commissioner to Canberra Navdeep Singh Suri to pay a former domestic employee thousands of dollars in compensation.
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EA Lowers Annual Booking Forecast for 2022 Amid Decades-High Inflation, Strong Dollar
Electronic Arts has lowered its annual bookings forecast, amid the rising dollar and a fall in demand for games during the ongoing coronavirus pandemic. While research suggests that the gaming market is expected to grow just 2 percent in 2022, Apex Legends creator EA had no major releases in the first three quarters of 2022, until FIFA 23 was launc...
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Logitech Q3 Sales Down 12 Percent to $1.15 Billion, Amid Strong Dollar, Economic Slowdown
Logitech on Tuesday reported that its quarterly sales and profit had dropped in Q3 2022, as the peripherals maker said sales had declined by 12 percent at $1.15 billion (roughly Rs. 9,524 crore). The firm's chief financial officer, Nate Olmstead, will be leaving the company, after its operating income plunged 26 percent to $156 million (roughly Rs....
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Hackers Leak Patient Details After French Hospital Refuses to Pay Multi-Million-Dollar Ransom
Hackers have released personal patient records online, weeks after they crippled the Corbeil-Essonnes hospital in France which refused to pay a multi-million-dollar ransom, prompting strong criticism from Health Minister Francois Braun. The hackers have now dumped medical scans and lab analyses along with the national security numbers of patients, ...
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Binance Observes Surge in Clients Due to Rising Inflation, Strong Dollar
Binance is witnessing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, Maximiliano Hinz, who heads Binance in Latin America, said during an interview. The executive did not disclose the numbers.
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Microsoft Q2 Earnings Fall Short of Expectations Amid China Production Holdups, Strong Dollar Hits Sales
Microsoft’s second quarter earnings fell shy of expectations, the tech giant announced on Tuesday. The announcement comes on the back of production holdups in China in May, and weakening demand for PCs among users. The company also said that the earnings dive was due to foreign exchange rates and shutdowns of PC factories in China. However, Micro...
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Netflix Loses Nearly 1 Million Subscribers in Q2 2022, Says Strong Dollar Hit Revenue From Foreign Users
Netflix revealed on Tuesday that it had lost 9,70,000 subscribers in the second quarter, much below the service’s worst-case scenario of 2 million subscriber defections projected by the company. The streaming platform also warned that a strong dollar was impacting revenue from users in other countries, while revealing that it expected to add 1 mi...
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IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
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Oil Slides On Strong Dollar And Weaker Demand Outlook
Oil prices fell on Tuesday on a strong dollar, and expectations of weakening demand due to fresh COVID-19 curbs in top world crude importer China and fears of a global economic slowdown.
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U.S. Oil Settles Below $100 A Barrel On Economic Worries, Strong Dollar
U.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.
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Oil Slumps 6% To Four-Week Low On Recession Worries, Strong Dollar
Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.
-
Rupee Falls At All-Time Closing Low Of Rs 83.65 Against US Dollar
The rupee depreciated 13 paise to close at fresh record low of 85.65 (provisional) against the US dollar on Tuesday, ending the year with a sharp 3 per cent loss on significant foreign fund outflows and a strong greenback in global markets.
-
Nokia Taps AI Boom With $2.3 Billion Infinera Purchase
Nokia is on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence (AI), as part of the Finnish company's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal. The acquisition of Infinera will help it to leapfrog Ciena and become the second largest ...
-
Rupee Weakens To Record Low Against US Dollar Amid Iran-Israel Conflict
The rupee depreciated 9 paise to 83.53 against the US dollar in early trade on Tuesday, weighed down by a strong American currency and elevated crude oil prices.
-
Pak Receives Global Condemnation Over $830 'Exit Fee' For Afghan Refugees: Report
Several Western diplomats and the United Nations have strongly criticised Pakistan over its decision to impose hundreds of dollars in exit fees for every Afghan refugee who fled the persecution by the Taliban condemning the decision as "shocking
-
India Rejects Australia Court Order Asking Ex Envoy To Compensate Ex Help
India on Thursday strongly rejected an Australian court's ruling ordering former Indian high commissioner to Canberra Navdeep Singh Suri to pay a former domestic employee thousands of dollars in compensation.
-
EA Lowers Annual Booking Forecast for 2022 Amid Decades-High Inflation, Strong Dollar
Electronic Arts has lowered its annual bookings forecast, amid the rising dollar and a fall in demand for games during the ongoing coronavirus pandemic. While research suggests that the gaming market is expected to grow just 2 percent in 2022, Apex Legends creator EA had no major releases in the first three quarters of 2022, until FIFA 23 was launc...
-
Logitech Q3 Sales Down 12 Percent to $1.15 Billion, Amid Strong Dollar, Economic Slowdown
Logitech on Tuesday reported that its quarterly sales and profit had dropped in Q3 2022, as the peripherals maker said sales had declined by 12 percent at $1.15 billion (roughly Rs. 9,524 crore). The firm's chief financial officer, Nate Olmstead, will be leaving the company, after its operating income plunged 26 percent to $156 million (roughly Rs....
-
Hackers Leak Patient Details After French Hospital Refuses to Pay Multi-Million-Dollar Ransom
Hackers have released personal patient records online, weeks after they crippled the Corbeil-Essonnes hospital in France which refused to pay a multi-million-dollar ransom, prompting strong criticism from Health Minister Francois Braun. The hackers have now dumped medical scans and lab analyses along with the national security numbers of patients, ...
-
Binance Observes Surge in Clients Due to Rising Inflation, Strong Dollar
Binance is witnessing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, Maximiliano Hinz, who heads Binance in Latin America, said during an interview. The executive did not disclose the numbers.
-
Microsoft Q2 Earnings Fall Short of Expectations Amid China Production Holdups, Strong Dollar Hits Sales
Microsoft’s second quarter earnings fell shy of expectations, the tech giant announced on Tuesday. The announcement comes on the back of production holdups in China in May, and weakening demand for PCs among users. The company also said that the earnings dive was due to foreign exchange rates and shutdowns of PC factories in China. However, Micro...
-
Netflix Loses Nearly 1 Million Subscribers in Q2 2022, Says Strong Dollar Hit Revenue From Foreign Users
Netflix revealed on Tuesday that it had lost 9,70,000 subscribers in the second quarter, much below the service’s worst-case scenario of 2 million subscriber defections projected by the company. The streaming platform also warned that a strong dollar was impacting revenue from users in other countries, while revealing that it expected to add 1 mi...
-
IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
-
Oil Slides On Strong Dollar And Weaker Demand Outlook
Oil prices fell on Tuesday on a strong dollar, and expectations of weakening demand due to fresh COVID-19 curbs in top world crude importer China and fears of a global economic slowdown.
-
U.S. Oil Settles Below $100 A Barrel On Economic Worries, Strong Dollar
U.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.
-
Oil Slumps 6% To Four-Week Low On Recession Worries, Strong Dollar
Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.
