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02.08.26 - 01:42
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ESMT posts record second-quarter profit on higher contract memory prices (Digitimes)
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Elite Semiconductor Microelectronics Technology (ESMT) reported a record second-quarter 2026 profit as contract prices rose for niche memory products, lifting results sharply from the previous quarter and a year earlier. The Taiwanese chipmaker said net income reached NT$5.908 billion, while earnings per share hit NT$20.21, both all-time highs....
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01.08.26 - 23:36
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July auto sales rev up as Maruti crosses 2L, Tata EVs double (Times of India)
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Several automakers achieved record July sales, largely due to new sport utility vehicle launches. Maruti Suzuki and Tata Motors reported significant year-on-year growth in their passenger vehicle segments. Mahindra also saw substantial increases in its utility vehicle sales during the month. Hyundai and Kia India posted their best-ever July wholesale volumes, driven by their SUV lineups. Nissan experienced a substantial surge in domestic wholesales following its new Tekton SUV deliveries....
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01.08.26 - 16:12
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Hyundai Motor America July Vehicle Sales Up 4% (AFX)
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SEOUL (dpa-AFX) - Hyundai Motor America reported total sales of 82,480 units in July 2026, a 4 percent increase compared with July 2025. This achievement marks the best July sales month in its his......
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01.08.26 - 16:06
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Kia America July Sales Rise 7% (AFX)
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SEOUL (dpa-AFX) - Kia America reported sales of 75,857 vehicles in July 2026, marking a 7 percent increase compared to the same month last year.Sales through Kia retailers grew even stronger, clim......
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01.08.26 - 16:00
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Closed Borders Killing Western Union, Earnings Call Transcripts Reveal (ZeroHedge)
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Closed Borders Killing Western Union, Earnings Call Transcripts Reveal
Western Union CFO Matt Cagwin quietly acknowledged in yesterday's earnings call that fewer border crossings under the Trump admin are chipping away at the remittance behemoth's profits:
“New migration is the lifeline of our retail business. With borders closed, it is difficult to offset natural attrition… as consumers return home to their native countries,” Cagwin said.
WU has long been the dominant vampire skimming absurd fees off international remittances while providing no technological convenience that Venmo hasn't already surpassed. It's instead maintained its now-dwindling market share through lobbying, which is why it can charge a 40% for a South Africa-to-Botswana cash transfer:
Western Union charges as high as 40,11% for a ~$84 USD remittance from South Africa to Botswana. Data from the World Bank, Q2 2021.
The firm's decline is continuing a trend since President Trump took office for his second term, du...
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