ECB Raises Rates By 50 Bps On High Inflation

The European Central Bank hiked interest rates by 50 basis points on Thursday, in line with its guidance in February, as it expects inflation to remain high for too long. The bank also said policymakers were closely monitoring the financial…

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Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Thursday, following the negative cues from global markets overnight, following a fresh sell-off in the banking sector amid concerns about the debt woes of Swiss lender Credit Suisse, and the collapse of…

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High Inflation Remains ECB's Main Worry

Two key policymakers of the European Central Bank warned on risks posed by high inflation and signaled that they are not done with raising interest rates despite the latest banking crisis that has put the aggressiveness of central banks in…

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IMF Agrees To Support Ukraine With $15.6 Bln Funding

The International Monetary Fund has reached an agreement with Ukraine to provide a loan worth $15.6 billion to support the war-torn country in its economic recovery, post-war reconstruction and path to EU accession. The staff-level agreement was reached after a…

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UTA, Partner Klutch Sports Open Atlanta Office

UTA and partner company Klutch Sports Group announced the opening of their Atlanta office today, setting up a full-service base of operations in the city for artists, athletes, musicians and brands with strong ties to the region. It’s located at…

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Factors that will sustain Abbott outperformance

Abbott India outperformed the Indian pharmaceutical market (IPM) with a year-on-year (YoY) growth of 23 per cent in February. The domestic market grew at a robust 20 per cent on a low base, primarily led by volume growth and price…

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