Category: demand
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Value of Kenya tea exports to Pakistan up 11pc on demand
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The value of Kenyan tea bought by Pakistan rose 10.6 percent in the six months to June, extending the Asian nation’s dominance as the biggest buyer of the drink from the East African nation and helping to offset falling sales to other major buyers. New data from the Central Bank…
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Oil prices dip as OPEC cuts demand forecast, economic cues awaited By Investing.com
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Oil prices fell in Asian trading on Tuesday, reversing last week’s rally, as a series of economic signals this week raised caution, while OPEC also cut its forecast for demand growth in 2024. Prices rose sharply from their lowest levels in more than seven months as fears of an escalating…
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Trump’s demand for influence over the Fed conjures comparisons to Nixon
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Donald Trump’s assertion that he has “better instincts” for setting interest rates than the Federal Reserve or its chairman does not appear to have weakened the dollar in international currency markets. Markets appear skeptical that Trump would be able to undermine the independence of the Federal Reserve if elected, believing…
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Jacobs beats Q2 revenue estimates on steady demand in infrastructure business By Reuters
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(Reuters) – Engineering consultancy Jacobs Solutions Inc beat third-quarter revenue estimates on Tuesday, helped by continued demand at its infrastructure services unit. The People & Places Solutions (P&PS) segment, which provides architecture, energy transformation and other technology services, benefited from the US government’s $1 trillion infrastructure bill, as well as…
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EBay beats quarterly results estimates on steady demand for refurbished goods By Reuters
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(Reuters) – eBay Inc beat Wall Street expectations on revenue and profit in the second quarter, helped by strong demand for used goods, auto parts and cost-effective accessories. But the e-commerce giant’s third-quarter revenue forecast fell short of analysts’ estimates, pointing to the effects of a tough economy. The company’s…
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T-Mobile lifts subscriber addition target on demand for premium bundled plans By Reuters
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By Harshita Mary Varghese (Reuters) – T-Mobile Inc raised its full-year forecast for monthly billable phone subscribers after seeing more customers than expected in the second quarter on strong demand for its discounted unlimited plans that include streaming features. The company’s shares were up 3.6% at midday Wednesday. U.S. wireless…
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Marriott cuts 2024 sales view on China drag, slower North American demand By Reuters
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(Reuters) – Hotel operator Marriott International Inc (NASDAQ:MRX) lowered its 2024 room revenue growth forecast on Wednesday, citing a weaker operating environment in China and expectations of weaker demand in North America. The company’s shares fell 4.7% before the bell. Marriott expects its revenue per available room (RevPAR), an important…
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Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing By Reuters
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By Daniel Leussink TOKYO (Reuters) – Demand for hybrid vehicles is likely to drive another quarter of double-digit growth for Japan’s economy. Toyota Motor Co. (NYSE:) is expected to report a net profit when it reports earnings on Thursday, although it is expected to show signs of slowing after a…
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Samsung flags strong AI demand as profit soars on higher chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd forecast strong demand for artificial intelligence-powered chips in the second half of this year, reporting a more than 15-fold increase in its second-quarter operating profit. “AI servers are expected to capture a larger share of the (memory)…
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Commodity Roundup: UBS’s Marcelli sees higher prices ahead despite demand concerns
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Oselot/iStock via Getty Images Concerns about slowing Chinese demand have weighed on commodity prices recently. However, UBS’s chief investment officer still sees commodity prices rising in the future due to strong demand and limited supply, and expects the asset class to offer strong diversification benefits to a portfolio. Context. “We…
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China’s Old Car Trade-in Push Met With Doubt Amid Soft Demand
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Breadcrumbs Path Links PMN Business Electric carmakers have welcomed China’s move to double cash subsidies for replacing internal combustion engine vehicles, while others have expressed doubts about China’s ability to stimulate consumer demand for large purchases. Article author: Published on July 26, 2024 • Read for 2 minutes You can…
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More demand for BTC than ETH for now
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Robert Michnick, head of digital assets at BlackRock, said that Bitcoin ETFs are currently attracting greater investor demand than Ethereum ETFs. Bitcoin Conference 2024 in Nashville, which is expected The event is expected to attract 20,000 crypto enthusiasts, and comes at a time when ETFs are now offering exposure to…
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More demand for BTC than ETH for now
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Robert Michnick, head of digital assets at BlackRock, said that Bitcoin ETFs are currently attracting greater investor demand than Ethereum ETFs. Bitcoin Conference 2024 in Nashville, which is expected The event is expected to attract 20,000 crypto enthusiasts, and comes at a time when ETFs are now offering exposure to…
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Dow misses profit estimates on lower demand in Asia, Europe
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(Reuters) – Dow Chemical Co said on Thursday it missed second-quarter earnings expectations, hurt by lower prices and demand in key markets including Asia and Europe. Manufacturing activity in the eurozone and China declined during the quarter, with Chinese economic data in June showing raw material stocks in contraction territory.…
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Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement By Reuters
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(Reuters) – Thermo Fisher Scientific Inc (NYSE: ) on Wednesday raised its annual earnings forecast and reported better-than-expected second-quarter profit, citing improved demand for its instruments and services used in clinical trials. Contract drugmakers saw spending cutbacks from their biotech clients in 2023 amid rising interest rates. The public funding…
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SAP Q2 results top estimates as ongoing cloud demand boosts revenue By Investing.com
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SAP on Monday reported fiscal second-quarter results that beat Wall Street estimates as continued demand for its cloud services boosted performance. SAP SE ADR (NYSE:) shares rose about 4% in after-market trading following the news. For the three months ended June 30, SAP’s adjusted earnings were 1.10 euros per share…
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Junk bonds are now in high demand as Wall Street bets on another Trump presidency
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The credit world’s version of the “Trump trade” is starting to take shape: buy high-yield US bonds and stay away from anything inflation-sensitive. Institutional bond investors around the world have already begun positioning themselves for a potential election win for Donald Trump after the attempted assassination of his father, and…
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Goldman challenges Fed’s demand it hold more capital after stress test, FT reports
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Goldman Sachs has appealed to the U.S. Federal Reserve over its results in the latest “stress test” conducted by the Fed, which is set to force the bank to hold more capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Federal Reserve’s annual stress test…