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Category: Pat

  • Asian stocks slide after Fed flags slower rate cuts, BOJ stands pat

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    Investor Empires

    Written by Ankur Banerjee SINGAPORE (Reuters) – Asian stocks fell and the dollar held near a two-year high on Thursday after the U.S. Federal Reserve warned it would ease the pace of interest rate cuts next year, while the Bank of Japan kept interest rates steady, expected. The yen fell…

  • Staunch Israel supporter Pat Gelsinger steps down as Intel CEO

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    Investor Empires

    Pat Gelsinger is stepping down as CEO of microchip giant Intel, which employs nearly 10,000 people in Israel, after four years in the job. Gelsinger will be replaced by two vice presidents who will jointly run the company as interim CEOs until a permanent replacement is found: CFO David Zinsner…

  • Euro lower after ECB stands pat, dollar climbs after data By Reuters

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    Investor Empires

    By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – The Japanese yen hit a six-week high before retreating against the dollar on Thursday, keeping traders on alert for signs of official buying, while the euro steadied ahead of a European Central Bank meeting. The single European currency held near four-month…