Showing 41-50 of 3,082 results
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European stocks climb as focus switches to Bank of England
AFP, Published on 11/05/2023
» LONDON: Europe's main stock markets rose on Thursday, with the region's key event an expected interest rate hike from the Bank of England.
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Fresh rout of US regional banks despite First Republic deal
AFP, Published on 03/05/2023
» NEW YORK: Shares of United States regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.
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Fed likely to hike rates again as bank fears resurface
AFP, Published on 03/05/2023
» WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th — and possibly final — time on Wednesday, as it aims to bring down inflation while preventing fresh banking concerns from spreading.
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US stocks fall after latest Fed rate hike as oil prices slide
AFP, Published on 04/05/2023
» NEW YORK - Wall Street stocks declined along with the dollar after the Federal Reserve's latest interest rate hike Wednesday, while US oil prices slid below $70 a barrel amid recession worries.
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German recession fears rise as factory orders plummet
AFP, Published on 05/05/2023
» FRANKFURT: Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe's biggest economy is facing a steep downturn.
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Global stocks mostly up as yen tumbles after Bank of Japan decision
AFP, Published on 29/04/2023
» NEW YORK: Global stock markets mostly rose Friday following modestly positive economic data in Europe and the United States, while the yen tumbled after the Bank of Japan maintained its easing policies.
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Fitch downgrades French debt to AA-, outlook stable
AFP, Published on 29/04/2023
» PARIS: Credit ratings agency Fitch downgraded France's debt worthiness a notch to "AA-" from "AA" on Friday, claiming the country's "fiscal metrics are weaker than peers.
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Hollywood writers strike looms as deadline nears
AFP, Published on 01/05/2023
» LOS ANGELES - Hollywood faced a cliffhanger moment Monday as talks to avert a potentially catastrophic strike by thousands of TV and movie writers remained unresolved just hours before a crunch deadline.
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Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover
AFP, Published on 25/04/2023
» ZURICH - Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.
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BP faces angry shareholders over climate plans
AFP, Published on 27/04/2023
» LONDON: Energy giant BP on Thursday faces a shareholder revolt over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors.
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