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The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee in a bid to support the currency which has fallen to all-time lows for three straight days, four bankers told Reuters.
Glencore will not spin off its coal business after securing backing from the majority of its investors who see lucrative earnings from the fossil fuel after the commodities giant's recent acquisition of Teck Resources' coking coal assets, it said on Wednesday.
Shipyards in South Korea netted a second win over their Chinese peers this year last month, a move believed to reflect Seoul’s devotion to defend a pillar industry amid increasing competition between the two nations.
Japanese stocks suffered the biggest one-day drop since 1987 on Monday, while the Australian stock market’s ASX 200 was pummelled following disappointing employment figures from the US last week that led to concerns the data all but confirmed a recession was under way.
DHAKA -- Bangladesh Prime Minister Sheikh Hasina's 15-year grip on power collapsed dramatically on Monday, as a woman once seen as a democracy icon fled to neighboring India while thousands stormed her official residence in the capital Dhaka.
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A version of Samsung Electronics' fifth-generation high bandwidth memory chips, or HBM3E, has passed Nvidia's tests for use in its artificial intelligence processors, three sources briefed on the results said.
WASHINGTON (AP) — A gear crack that led to a fatal crash of a V-22 Osprey last year may have been started by weak spots in a metal used to manufacture that part, according to documents obtained by The Associated Press.