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Australia threatens fines for social media giants enabling misinformation

Australia threatens fines for social media giants enabling misinformation Breaches face fines up to 5% of global revenue Bill seeks to prevent election, public health disinformation Free speech advocates warn of censorship By Byron Kaye SYDNEY, Sept 12 (Reuters) - Australia said it will fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online, joining a worldwide push to rein in borderless tech giants but angering free speech advocates.

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Dwindling hopes of 50 bps Fed rate cut may push rupee to all-time low

INDIA RUPEE-Dwindling hopes of 50 bps Fed rate cut may push rupee to all-time low By Nimesh Vora MUMBAI, Sept 12 (Reuters) - The Indian rupee is likely to be under slight pressure at the open on Thursday after resilient U.S. inflation dented hopes of the Federal Reserve opting for a large rate cut next week. The one-month non-deliverable forward indicated that the rupee INR=IN will open at 83.98-83.99 to the U.S.
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Australia threatens fines for social media giants enabling misinformation

Australia threatens fines for social media giants enabling misinformation Breaches face fines up to 5% of global revenue Bill seeks to prevent election, public health disinformation Free speech advocates warn of censorship By Byron Kaye SYDNEY, Sept 12 (Reuters) - Australia said it will fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online, joining a worldwide push to rein in borderless tech giants but angering free speech advocates.

India to buy soybeans to help farmers reeling from losses

RPT-India to buy soybeans to help farmers reeling from losses Repeats item sent previously with no changes to text By Mayank Bhardwaj NEW DELHI, Sept 12 (Reuters) - India will buy soybeans from farmers of the central state of Madhya Pradesh at state-set support prices to help growers reeling from a crash in domestic rates for the oilseed, a government statement said on Wednesday.

Indian shares set to open higher

INDIA STOCKS-Indian shares set to open higher BENGALURU, Sept 12 (Reuters) - Indian shares are set to open higher on Thursday on expectations of a rise in foreign inflows into domestic equities after U.S. inflation data firmed bets of a 25 basis point Federal Reserve rate cut. The GIFT Nifty GIFc1 was at 25,076 points, as of 08:20 a.m. IST, indicating the NSE Nifty 50 .NSEI will open above its previous close of 24,918.45. The benchmark Nifty 50 lost about 0.5% in the previous session, on profit

India Morning Newsletter, September 12

India Morning Newsletter, September 12 To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage For an index of our newsletters click on NEWSL

India bond yields may rise after US inflation data

INDIA BONDS-India bond yields may rise after US inflation data By Dharamraj Dhutia MUMBAI, Sept 12 (Reuters) - Indian government bond yields are expected to partially reverse their fall from the previous session in Thursday's open, tracking U.S. Treasury yields , after U.S. inflation data cut down hopes of a large rate cut. The benchmark 10-year yield IN071034G=CC is likely to move between 6.82% and 6.85%, compared with its previous close of 6.8271%, the lowest since March 30, 2022, a trader wit

BOJ Tamura calls for policy rate to 1%, premier hawk?

BUZZ-BOJ Tamura calls for policy rate to 1%, premier hawk? BOJ Policy Board's Tamura calling for upping BOJ's policy rate to 1% Talk already in the market that some pundits calling for 1% before year-end Tamura perhaps most hawkish on the BOJ board, alongside DepGov Himino Tamura sees Japan's neutral rate @1% at minimum, path to normalisation long Tamura's 1% call more long-term, by latter half of f'cast period thru FY '26 Suggests rates should be upped in stages, maybe 25 bp increments Does not
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Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports

UPDATE 2-Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports Adds details of Bloomberg, FT reports, background, paragraphs 2-7 TOKYO, Sept 12 (Reuters) - Canada's Alimentation Couche-Tard ATD.TO is discussing how much it could raise the offer price to buy Japan's Seven & i Holdings 3382.T , Bloomberg News reported on Thursday, citing unnamed sources familiar with Couche-Tard's internal talks.

Who's vying to be Japan's next prime minister?

FACTBOX-Who's vying to be Japan's next prime minister? By Tim Kelly TOKYO, Sept 12 (Reuters) - Japan's ruling Liberal Democratic Party on Thursday unveiled the nine candidates who will run in a Sept. 27 leadership election to replace Prime Minister Fumio Kishida. Here are the leading contenders based on public opinion polls. SHIGERU ISHIBA, 67 The former defence minister is making his fifth and, he says, final bid to lead a party that has governed Japan for most of the past seven decades.

China Development Bank's aviation unit buys 80 Airbus A320neo jets

China Development Bank's aviation unit buys 80 Airbus A320neo jets Sept 12 (Reuters) - China Development Bank Financial Leasing 1606.HK said on Thursday it would buy 80 Airbus AIR.PA A320neo planes with delivery expected to begin in 2030. The purchase will optimize the fleet structure of its aviation unit and increase the proportion of next-generation aircraft which have high fuel efficiency and wide market penetration, a statement to Hong Kong stock exchange said.
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Couche-Tard considers raising offer price for Seven & i, Bloomberg News reports

Couche-Tard considers raising offer price for Seven & i, Bloomberg News reports TOKYO, Sept 12 (Reuters) - Canada's Alimentation Couche-Tard ATD.TO is discussing how much it could raise the offer price to buy Japan's Seven & i Holdings 3382.T , Bloomberg News reported on Thursday, citing unnamed sources familiar with Couche-Tard's internal talks. R

Australia's Vonex hits 17-month high on sweetened buyout offer

BUZZ-Australia's Vonex hits 17-month high on sweetened buyout offer ** Shares of Vonex VN8.AX rise as much as 10.3% to A$0.043, their highest since April 6, 2023 ** Telecommunications services provider says Maxo Telecommunications has increased its offer to 4.19 Australian cents per share from the previous 3.75 Australian cents apiece ** New offer

Dollar firm after inflation data douse bets for big Fed cut

FOREX-Dollar firm after inflation data douse bets for big Fed cut Updates prices as of 0200 GMT, adds BOJ Tamura speech By Kevin Buckland TOKYO, Sept 12 (Reuters) - The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week.
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Japan futures edge higher on weaker yen, firmer synthetic prices

RUBBER-Japan futures edge higher on weaker yen, firmer synthetic prices SINGAPORE, Sept 12 (Reuters) - Japanese rubber futures ticked up on Thursday, buoyed by a softer yen and firmer synthetic rubber prices, although gains were capped by weaker physical rubber prices and economic uncertainties in top consumer China. The Osaka Exchange (OSE) rubber contract for February delivery JRUc6 , 0#2JRU: was up 1.0 yen, or 0.28%, at 353.7 yen ($2.48) per kg as of 0217 GMT.
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HK's Pacific Textiles slips as Vietnam production hit by Typhoon Yagi

BUZZ-HK's Pacific Textiles slips as Vietnam production hit by Typhoon Yagi ** Shares of Pacific Textiles Holdings Ltd 1382.HK slip 2% to HK$1.45 ** Stock on track for the biggest one-day pct fall since Sept 4, if losses hold, after the textile products maker said its Vietnam production has been hit by Typhoon Yagi ** Co says its plant located at La

Vietnam dong, gold rates - Sept 12

SNAPSHOT-Vietnam dong, gold rates - Sept 12 HANOI, Sept 12 (Reuters) - Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 02:15 GMT. Sept 12 USD/VND mid-point VND=SBVN 24,187 USD/VND interbank VND=VN 24,570/24,590 USD/VND unofficial VNDUNOFF=VN 25,084/25,154 SJC gold (mln dong/tael) 78.50/80.50 NOTES: The State Bank of Vietnam sets the mid-point rate on a daily basis and allows dollar/dong

Australian Clinical Labs falls after biggest shareholder exits firm

BUZZ-Australian Clinical Labs falls after biggest shareholder exits firm ** Shares of Australian Clinical Labs ACL.AX fall as much as 5.1% to A$3.16, posting their biggest intraday drop since Aug 27 ** Stock down 0.9% to A$3.3 as of 0211 GMT ** Pathology services provider says its biggest shareholder, Crescent Capital, has confirmed sale of its ent

BP evacuates personnel from Oxbow Solar farm in Louisiana due to Francine

BP evacuates personnel from Oxbow Solar farm in Louisiana due to Francine Sept 11 (Reuters) - BP BP.L evacuated personnel from the Oxbow Solar farm and construction crews from the Prairie Ronde solar project site in Louisiana due to hurricane Francine. "BP currently does not expect major impact to its offshore facilities in the Gulf of Mexico," the company said on Wednesday.
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Financial Times - Sept 12

PRESS DIGEST-Financial Times - Sept 12 Sept 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Europe's privacy watchdog probes Google's use of data for AI model - US and UK discuss easing restrictions on Ukraine's use of western weapons - US publisher joins pursuit of UK's Telegraph newspaper - UK Treasury refuses to disclose key details of 22 bln stg fiscal 'black hole' Overview - Go
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South Korean shares gain more than 1% as chip, auto stocks jump

South Korean shares gain more than 1% as chip, auto stocks jump KOSPI rises, foreigners net sellers Korean won little changed against dollar South Korea benchmark bond yield rises SEOUL, Sept 12 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares rose more than 1% on Thursday after a seven-session slide, with chip and auto stocks leading the gains.
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