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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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  • Asian Stocks Sink As Fed Week Begins, China Reopens Strong

    Asian Stocks Sink As Fed Week Begins, China Reopens Strong0

    Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic data this week, while Chinese shares rose sharply as they resumed trade after a week-long holiday. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose 1.2% and 0.7%, respectively, with markets betting that the

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  • Chinese Stocks Surge After Week-Long Holiday

    Chinese Stocks Surge After Week-Long Holiday0

    Chinese stock markets rose sharply on Monday as they resumed trade after the Lunar New Year holiday, while a commitment from the government to boost spending and support economic growth also aided sentiment. The Shanghai Shenzhen CSI 300 index rose 1.3%, while the Shanghai Composite index added 0.6%, with most sectors trading positively. Automobile and

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  • Fashion Retailer H&M’s Profit Tumbles As Costs Bite

    Fashion Retailer H&M’s Profit Tumbles As Costs Bite0

    Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in the period, the world’s second-biggest fashion retailer’s fiscal fourth quarter, was 821

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  • Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses

    Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses0

    Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their descent as heavyweight Adani remained under pressure from a short seller report. Overnight data showed that the world’s largest economy grew more than expected during the fourth quarter, dispelling some

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  • Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data

    Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data0

    Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues on the U.S. economy from a reading on the Federal Reserve’s preferred inflation gauge. Ministers from Algeria, Kuwait, Venezuela, Russia and Oman are set to meet virtually next

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