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  • Dow Futures Trade Lower As Tech Earnings Disappoint, Apple Sheds 2.8%

    Dow Futures Trade Lower As Tech Earnings Disappoint, Apple Sheds 2.8%0

    U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages finished mixed as investors grew cautious after a slew of mixed earnings reports. By 6:35pm ET (11:40pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures fell 0.6% and Nasdaq 100 Futures were down 1.2%. In extended deals, Apple (NASDAQ:AAPL)

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  • Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales

    Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales0

    Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the “Year of Efficiency.” The parent of Instagram and Facebook (NASDAQ:META), which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving

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  • ECB To Raise Rates Again And Face Questions About Future Path

    ECB To Raise Rates Again And Face Questions About Future Path0

    The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be. The ECB has been increasing rates at a record pace to fight a sudden bout of high inflation in the euro

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  • Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot

    Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot0

    Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The Chinese yuan rose 0.4% and came close to a seven-month high against

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  • Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher

    Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher0

    Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the dollar index and dollar index futures advancing about

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  • UniCredit Hikes Payout Goal By 40% After Record Rofit

    UniCredit Hikes Payout Goal By 40% After Record Rofit0

    UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record quarterly profit, as CEO Andrea Orcel works to meet his ambitious payout plans. Orcel, who has focused UniCredit on capital light businesses to maximise returns since taking over in April 2021, expressed confidence

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  • Asia FX Muted, Dollar Steadies As Fed Meeting Looms

    Asia FX Muted, Dollar Steadies As Fed Meeting Looms0

    Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains in January amid expectations that the Fed will slow its pace

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  • Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution

    Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution0

    Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path

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  • Rising Interest Rates Have a Sting in The Tail For Europe’s Banks

    Rising Interest Rates Have a Sting in The Tail For Europe’s Banks0

    Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved towards tightening. Two of Europe’s big corporate and mortgage lenders, Sweden’s

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