March 2024 – Page 25 – UAG Trade Asia

Luxury Stocks Pressure Europe Equities ahead of Fed Verdict

March 21, 2024
Finance
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STOXX 600 end flat Kering flags Q1 sales drop, top decliner on STOXX 600 Lonza to buy biologics site from Roche in US for 1.2 bln Johnson Matthey to sell medical device parts unit for 700 mln March 20 Reuters European shares were flat on Wednesday, pressured by a selloff in luxury stocks and in […]

March 21, 2024
Finance
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UK inflation at the weakest rate since Sept 2021 Johnson Matthey hits 10month high on medical device unit sale FTSE 100 flat, FTSE 250 up 0.3 March 20 Reuters London39;s FTSE 100 closed flat on Wednesday with caution looming ahead of the U.S. Federal Reserve39;s policy decision, while softer domestic inflation data cemented bets of […]

March 21, 2024
Uncategorized
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COVID19, energy crisis, rates failed to spark default wave Firms revamping business models, under pressure to consolidate Low share prices make MA unattractive for fund sellers MA revival hopes pinned on recent ION39;s Prelios deal MILAN, March 20 Reuters Europe39;s debt collectors have gone from feast to famine amid a collapse in the number of […]

March 21, 2024
Uncategorized
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LONDON, March 20 Reuters Train drivers in Britain will take strike action next month, including a sixday overtime ban, across 16 rail companies in a longrunning dispute over pay, the ASLEF trade union said on Wednesday. ASLEF said drivers at different rail companies will walk out on either April 5, 6 and 8. Our members […]

March 21, 2024
Uncategorized
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March 20 Reuters U.S. retail sales are expected to rise as much as 3.5 this year, a slower pace than 2023, industry body National Retail Federation said on Wednesday, as sticky inflation dampens hopes of a strong recovery in consumer spending. CONTEXT U.S. consumer prices increased solidly in February on higher costs for gasoline and […]

March 21, 2024
Uncategorized
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Feb export orders 10.4 yy vs 1.3 Reuters poll forecast Orders from China 5.5 yy vs 28.0 in prior month Ministry sees March orders between 0.9 and 5.2 yy Ministry sees higher possibility for positive growth in Q2 TAIPEI, March 20 Reuters Taiwan39;s export orders fell in February as fewer working days during the Lunar […]

March 20, 2024
Business
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Kering shares fall sharply LVMH and Hermes shares also fall Kering warns of weak performance for Gucci in Asia PARIS, March 20 Reuters Kering39;s shares slumped on Wednesday after the French luxury goods company warned that first quarter sales at its star label Gucci would drop by around 20 due to weakness in Asia. Kering shares were down […]

March 20, 2024
Business
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BERN, March 20 Reuters Swiss financial regulator FINMA said on Wednesday it plans to carry out 40 reviews of UBS and two stress tests this year on the bank after it took over rival Credit Suisse in 2023, which heightened concerns about 39;too big to fail39; lenders. FINMA laid out plans for regulating the country39;s last […]

March 20, 2024
Business
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HONG KONG, March 20 Reuters China39;s Tencent Holdings posted a 7 rise in fourthquarter revenue on Wednesday, trailing analysts39; expectations, as Chinas economic slowdown takes a toll, and said it was expecting to at least double its share buybacks this year. The world39;s largest video game company and operator of the WeChat messaging platform reported revenue […]

March 20, 2024
Oil
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U.S. crude, gasoline stocks fell last week API Reuters poll shows U.S. crude stocks expected to rise 10,000 bbls last week SINGAPORE, March 20 Reuters Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multimonth highs in the previous […]

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Luxury Stocks Pressure Europe Equities ahead of Fed Verdict

FTSE 100 Ends Flat in RunUp to Fed Verdict; UK Inflation Softens

Europes Debt Collectors Face Reckoning as Bad Loans Vanish

UK Train Drivers at 16 Rail Companies to Strike in April, Union says

US Retail Sales to Rise at Slower Pace in 2024, says NRF

Taiwan Feb Export Orders Miss Expectations, China, US Weigh

Guccis Steep Sales Decline Throws Spotlight on China

Swiss Financial Regulator Plans to StressTest UBS this Year

Chinas Tencent Posts Weak Revenue Growth, Plans to Double Buybacks

Oil Retreats from MultiMonth Highs, Strong USD Dents Demand

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