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Tumbling yen pressures Bank of Japan to act

TOKYO: The Bank of Japan (BoJ) was widely expected to keep its ultra-low interest rates unchanged on Friday, but analysts say the tumbling yen is putting pressure on officials to act. With the currency at three-decade lows against the dollar, speculation has grown that authorities could intervene in foreign exchange …

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US to give Micron $6.1 billion

WASHINGTON, D.C.: Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, President Joe Biden said on Thursday. The announcement came as he traveled to Syracuse, New York, marking the latest in a series …

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Airbus net profit soars 28% in January-March

PARIS: European aviation giant Airbus posted a 28-percent increase in first-quarter profit on Thursday through rising deliveries and production, a day after archrival Boeing reported a loss. Airbus' net income in the first three months rose to 595 million euros ($637 million) while revenue grew 9 percent to 12.8 billion …

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