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Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed 0
- Uncategorized
- March 15, 2023
Most Asian stock markets rose on Wednesday, helped by a recovery in bank shares amid easing fears over a potential crisis in the U.S., while growing bets that the Federal Reserve will adopt a less hawkish stance also aided sentiment. Regional markets took positive cues from an overnight recovery on Wall Street, after consumer inflation
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Spain’s Mango Plans U.S. Expansion After China Retreat 0
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- March 14, 2023
Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China, Chief Executive Officer Toni Ruiz said. Mango is returning to the United States – after two previous attempts failed – offering higher-priced clothes meant for special occasions and parties. It will target states where online sales are already strong. The
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Bank Slide Deepens As SVB Contagion Fear Rattles Markets 0
- Uncategorized
- March 14, 2023
Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of U.S. inflation data due later in the day. Japan’s Nikkei dropped 2%. The Tokyo Stock Exchange banks index fell more than
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Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations 0
- Uncategorized
- March 13, 2023
Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened
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