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Japans Retail Sales Fall for Third Straight Month

Japanese retail sales fell for the third straight month in February as households kept a lid on expenditure amid the coronavirus emergency, underscoring the fragile nature of the economys recovery from last years slump. Analysts expect Japans economy sharply contracted in the first quarter, as lacklustre consumer spending and weakening exports create challenges for policymakers […]
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German Air Taxi Startup Lilium to Float via Reverse Merger

German flying taxi startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blankcheque acquisition company, in a deal valuing the combined company at 3.3 billion. Munichbased Lilium is in a race with other aviation startups to deploy batterypowered aircraft that can take […]
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Japanese Shares Fall, Dragged by Exdividend Shares, Banks

TOKYO, March 30 Reuters Japanese shares fell on Tuesday, dragged down by stocks that went exdividend and financial shares, although the losses were capped by investor appetite for scooping up discounted stocks. Nikkei share average slipped 0.25 to 29,312.72 by 0153 GMT, while the broader Topix lost 1.27 to 1,967.99. The market fell due to […]
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Australia, NZ dlrs Slightly Higher as RiskAppetite Recovers

SYDNEY, March 30 Reuters The Australian and New Zealand dollars were slightly higher on Tuesday, as risk appetite in Asia recovered after Wall Street pared losses sparked by a hedge fund default that hit investment banks. The New Zealand dollar was 0.14 higher at 0.7011 as investors also positioned for monthend, strategists said. The kiwi […]
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USD Hits 1yr High Versus Yen, Inflation Worries Lift Yields

The dollar climbed to a oneyear high against the yen on Tuesday amid a spike in Treasury yields, as accelerating vaccinations and massive stimulus in the U.S. stoked inflation concerns. The safehaven greenback also found support as investors worried about the potential fallout from the collapse of a hedge fund, identified as Archegos Capital, although […]
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