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  • Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses

    Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses0

    Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their descent as heavyweight Adani remained under pressure from a short seller report. Overnight data showed that the world’s largest economy grew more than expected during the fourth quarter, dispelling some

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  • Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data

    Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data0

    Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues on the U.S. economy from a reading on the Federal Reserve’s preferred inflation gauge. Ministers from Algeria, Kuwait, Venezuela, Russia and Oman are set to meet virtually next

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  • Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year

    Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year0

    Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales during the latter half of 2022, particularly in its flavours business

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  • Oil Rises After Steep Losses, But Recession Fears Limit Gains

    Oil Rises After Steep Losses, But Recession Fears Limit Gains0

    Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs of another major build in U.S. inventories kept gains limited. Crude prices have fallen into a holding pattern over the past month, with markets constantly weighing the prospect of slowing global economic

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