Relief Rally on Bank Rescue Lifts Riskier Currencies

SINGAPORE, March 17 Reuters The U.S. dollar slipped on Friday after authorities and banks moved to ease stress on the financial system, taking the heat off most major currencies that tumbled this week in the wake of bank turmoil. Action to rescue First Republic Bank in the U.S. on Thursday boosted risk appetite globally on Friday […]
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Zara Owner Inditexs Americas Profits Surge as China Slips

MADRID, March 16 Reuters Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced COVID19 lockdowns, while profit ballooned in the Americas, the fashion retailer39;s annual report showed on Thursday. Inditex, the world39;s biggest fashion retailer, reported record annual sales on Wednesday. It has been expanding in the United […]
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Citadel Accelerates Hiring Push in Hong Kong and London

HONG KONG, March 17 Reuters Miamibased Citadel has kicked off 2023 with multiple senior hires in London and Hong Kong to beef up its international equities team, after the firm became the world39;s most profitable hedge fund in 2022, profile updates on LinkedIn show. At least five veteran investment and operational professionals recently joined the […]
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Major US Banks Inject 30B to Rescue First Republic Bank

March 16 Reuters Large U.S. banks injected 30 billion in deposits into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other midsize U.S. lenders over the past week. Banking stocks globally have been battered since Silicon Valley Bank collapsed last week due to […]
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