Japan Exports Up for 2 Straight Yrs

TOKYO, March 16 Reuters Japan posted two straight years of export gains, led by solid U.S.bound shipments of cars, although expectations of a strong recovery in demand are quickly fading amid global monetary tightening and worries about banks worldwide. The world39;s thirdbiggest economy has struggled to make a solid postCOVID recovery, undermined by lacklustre household […]
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Swedish 5Year Inflation Expectations Fall in March

STOCKHOLM, March 16 Reuters Longterm inflation expectations among financial and business groups in Sweden fell in March, a poll commissioned by the central bank showed on Thursday. Inflation measured with a fixed interest rate five years ahead, the horizon watched most closely by the central bank, was seen at 2.2 versus 2.3 three months earlier. […]
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Australia Employment Rebounds in Feb

SYDNEY, March 16 Reuters Australia employment rebounded strongly in February after two months of declines, while the jobless rate fell back to near 50year lows, suggesting the country39;s labour market remained tight amid a slew of interest rate hikes by the central bank. Figures from the Australian Bureau of Statistics ABS showed on Thursday that […]
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Intesas Russian Subsidiary sees Huge Profit Jump in 2022

MOSCOW, March 15 Reuters Italian bank Intesa Sanpaolo39;s Russian subsidiary saw profits more than six times higher in 2022 than the year before, independent audit documents showed, as Western sanctions on Russia39;s banking sector gave foreign lenders an unlikely boost. Foreign banks have stepped in to take business from Russian lenders who fell under sweeping Western […]
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Swiss Central Bank Pledges to Back Credit Suisse

ZURICHFRANKFURT, March 15 Reuters Switzerland39;s central bank pledged on Wednesday to fund Credit Suisse with liquidity if necessary, a first for a global bank since the financial crisis more than a decade ago. In a joint statement with supervisor FINMA, they announced the radical step, but insisted that Credit Suisse was sound and meets the capital […]
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Pound Falls vs Dollar, Rises vs Euro on Bank Woes

LONDON, March 15 Reuters  The British pound fell against the dollar but surged against a tumbling euro on Wednesday as markets fretted about the state of the European banking system as the fallout from the collapse of U.S. tech lender Silicon Valley Bank gathered pace. Shares in Swiss lender Credit Suisse plummeted more than 30 […]
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Credit Suisse Shares Leap 35 as Markets Cheer Lifeline

ZURICHLONDON, March 16 Reuters Credit Suisse shares soared by over 35 in premarket trading on Thursday, while the value of its bonds soared after the company secured a 54 billion lifeline from the Swiss National Bank to shore up liquidity and investor confidence. JPMorgan analysts said the loan from the SNB would not be enough to soothe investor […]
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