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China sees economic rebound, but warns of risks to recovery

BLOOMBERG China reported a rebound in consumer spending, industrial output and investment this year after coronavirus restrictions were dropped, while warning of risks to the economy’s recovery as unemployment rose and real estate investment continued to slump. Retail sales rose 3.5% in January and February compared to the same period last year, the National Bureau of Statistics said. Industrial output ...

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Stocks, US futures decline amid Credit Suisse turmoil

BLOOMBERG Fresh turmoil at Credit Suisse Group AG roiled European bank shares and dented sentiment in the US futures market as investors remain on edge after last week’s regional-bank failures. Treasuries turned higher on haven demand. Europe’s Stoxx 600 equity benchmark fell 2%, with a gauge of banks plunging more than 5%. Shares in Credit Suisse slumped for an eighth ...

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SVB blowout to drive shares of SoftBank below Son’s pain point

BLOOMBERG The sudden collapse of Silicon Valley Bank looks set to increase scrutiny of SoftBank Group Corp. investments, and possibly drive its share price to Masayoshi Son’s pain point. The US tech lender’s failure has fuelled investor concern over the exposure to startup firms in the SoftBank Vision Funds. SoftBank shares have plunged 13% in four sessions to below 5,000 ...

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