Hynix Q3 net loss widens on lower prices

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SEOUL, Oct. 30 (Yonhap) -- South Korea's Hynix Semiconductor Inc., said Thursday its net loss widened sharply in the third quarter on lower chip prices and increased costs.

Fed announces key rate cut to 1 percent

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WASHINGTON, Oct. 29 (Yonhap) -- The Federal Reserve Wednesday announced that it has decided to lower its target for the federal funds rate 50 basis points to 1 percent.

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