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  • Asia FX Edges Higher, Korean Won Surges Even As BOK Holds

    Asia FX Edges Higher, Korean Won Surges Even As BOK Holds0

    Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6% and was the best-performing Asian currency for the day, even as

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  • Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth

    Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth0

    Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. “2023 will be another

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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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  • Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears

    Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears0

    Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. China reopened its international borders for the first time since 2020, a clear indication that the

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