Business News

Asia stocks gain as China stimulus softens Evergrande blow

A passerby walks past an electric monitor displaying recent movements of various stock prices outside a bank in Tokyo, Japan, March 22, 2023. TOKYO (Reuters) — Asian stocks started the week on the front foot, as new steps by Beijing to stabilize the local market outweighed the drag on sentiment fro…
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US fourth quarter economic growth handily beats expectations

A man carries his shopping bags during the holiday season in New York City, Dec. 10, 2023. WASHINGTON (Reuters) — The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and defied dire predictions of a recession in 2023 after the Federal Reserve aggressively…
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Investors temper US rate cut bets as Fed meeting looms

Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, Jan. 16, 2019. NEW YORK (Reuters) — A strong U.S. economy and pushback from central bank officials is leading some investors to rethink their bets on how quickly the Federal Reserve will cut rates this year, a …
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Riyadh’s multi-billion EV dream risks crashing into reality

Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona,  Sept. 28, 2021. RIYADH (Reuters) — Riyadh has spent billions to try to turn itself into a hub for electric vehicles and ove…
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Fed won’t start rate cuts until May, traders now bet

The Federal Reserve building in Washington, D.C., Jan. 26, 2022. (Reuters) — The Federal Reserve won’t start easing policy until May, traders bet on Friday, capping a week during which stronger-than-expected economic data and commentary from central bankers chipped away at financial market co…
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