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Explore a Wide Range of Informative News and Insights Across Every Topic

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Yen Mostly Weakens After U.S. Extends China's Trade Deal Deadline
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Yen Mostly Weakens After U.S. Extends China's Trade Deal Deadline

0051 GMT — The yen weakens against most other G-10 and Asian currencies in early trade after President Trump extended the U.S.'s trade truce with China through Nov. 9. This means the tariff rate on imports from China will stay at 30% instead of jumping to a higher level as it would have if no deal had been struck by Tuesday. Although this extension was highly anticipated, confirmation of the trade truce will still be positive for sentiment in Asia today, UOB's Global Economics & Markets Research say in a note. USD/JPY edges 0.1% higher to 148.35, AUD/JPY rises 0.2% to 96.72, and EUR/JPY is 0.2% higher at 172.35, FactSet data show. (

With Billions at Risk, Nvidia CEO Buys His Way Out of the Trade Battle
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Yahoo

timean hour ago

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Venture capital firm Speciale Invest to back Indian startups with $69 million by 2029

(Reuters) -India's Speciale Invest will invest 6 billion rupees ($69 million) over the next four years in early-stage startups spanning across sectors including artificial intelligence and space technology, the venture capital company said on Tuesday. The investment into "deep-tech" - innovations that require significant scientific research breakthroughs - comes as Prime Minister Narendra Modi aims to make India a "self-reliant" manufacturing hub and amid shifting trade relations globally, spurred by U.S. President Donald Trump's tariff policy. Founded in 2017, Speciale Invest focusses on investing in companies that are at the "seed" and "pre-seed" level of fundraising. It has previously backed air taxi startup ePlane Company and space startup Agnikul Cosmos, which launched India's second privately-built rocket last year. As part of its third funding round, the venture capital company will invest in 18 to 20 companies through 2029, with initial ticket sizes between 70 million rupees and 100 million rupees, it said. More than half of the $69 million will be reserved for follow-on investments, with some of the targets hailing from climate technology and dual-use defence sectors, it added. ($1 = 87.6050 Indian rupees)

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