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Philips turns in a profit but China, tariffs weigh
Philips turns in a profit but China, tariffs weigh
by  AFP

Dutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in China but warned of "intensified" uncertainties due to tariffs. However, global sales were down two percent compared to the same quarter last year due to a "double-digit decline" in China, the firm said.

Dollar recovers some losses, stocks gain as traders eye tariff deals
Dollar recovers some losses, stocks gain as traders eye tariff deals
by  AFP

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision. Equities mostly rose, with Hong Kong and Shanghai leading the way as investors returned from a long weekend.

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