Showing 81-90 of 3,082 results
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OECD raises global growth forecast but recovery 'fragile'
AFP, Published on 17/03/2023
» PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil.
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Western stocks slide as bank fears return
AFP, Published on 17/03/2023
» LONDON: US and European stock markets fell on Friday as fears over the health of the banking system festered despite the latest efforts to shore up troubled lenders and tamp down contagion risks.
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As in 2008, JPMorgan chief plays key role in bank rescue
AFP, Published on 18/03/2023
» NEW YORK: Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.
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Crunch weekend for crisis-hit Credit Suisse
AFP, Published on 18/03/2023
» ZURICH: Troubled Credit Suisse has two days to reassure investors before the markets open on Monday with the spectre of another turbulent week in global finance looming.
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UBS against the clock in Credit Suisse takeover talks
AFP, Published on 19/03/2023
» ZURICH - UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.
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Credit Suisse woes rock Wall Street
AFP, Published on 15/03/2023
» Wall Street was back in selloff mode early Wednesday as banking shares faced a fresh hammering amid worries that more lenders could fail.
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Saudi Aramco reports 'record' $161 billion profit for 2022
AFP, Published on 12/03/2023
» RIYADH - Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, drawing an outraged response from activists warning about the ravages of climate change.
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Swiss city Lucerne votes to restrict Airbnb rentals
AFP, Published on 13/03/2023
» GENEVA - The Swiss city of Lucerne voted Sunday to limit short-term rentals, including on the Airbnb platform, to a maximum of 90 days a year.
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China premier warns 2023 growth target 'no easy task'
AFP, Published on 13/03/2023
» BEIJING - China's new premier warned Monday that the country's five-percent growth target for 2023 would not be "easy" to achieve, as its rubber-stamp parliament wrapped up over a week of meetings.
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Pfizer buys biotech firm Seagen for $43 billion
AFP, Published on 13/03/2023
» WASHINGTON - US pharmaceutical giant Pfizer announced Monday that it had reached a deal to buy biotech firm Seagen, specializing in innovative cancer treatment, for $43 billion.
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