Month: May 2023

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European Stock Futures Higher; U.S. Debt Optimism, Solid Earnings Help Tone

European stock markets are expected to open higher Friday, benefiting from the global optimism that a U.S. debt default will be avoided,...

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Six Pacific Countries At High Risk Of Debt Distress – World Bank

Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World...

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Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates

Germany’s Commerzbank (ETR:CBKG) said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result...

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Asian Stocks Creep Higher, China Lags On Disappointing Data

Most Asian stock markets rose on Tuesday, tracking some overnight resilience in U.S. equities as markets awaited more cues on the world’s...

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Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump

Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) offer from global...

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Russia’s War On Ukraine Latest: Ukraine Retakes Land Around Bathmat

Moscow acknowledged on Friday that its forces had fallen back north of Ukraine’s battlefield city of Bakhmut after a new offensive, in a...

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More Than 2 Million Toyota Users Face Risk of Vehicle Data Leak In Japan

Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from...

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Asian Stocks Sink Amid Pre-CPI Angst, China Extends Losses

Most Asian stocks sank on Wednesday as markets hunkered down before key U.S. consumer inflation data due later in the day, with Chinese...

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Asia FX Dips After Chinese Imports Disappoint, Dollar Rises

Most Asian currencies retreated on Tuesday tracking softer-than-expected Chinese import data, while the dollar firmed ahead of more cues on...

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Adidas Quarterly Sales Beat Expectations Despite Yeezy Crisis

Adidas said on Friday its first-quarter numbers came in better than expected, although sales dipped 1% from a year-ago period, as investors...

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