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BOK to keep weighing interest rate increases

  Bloomberg The Bank of Korea (BOK) said it will keep considering further interest-rate increases as inflationary pressures are expected to remain elevated for an extended period. The central bank said in a report to parliament on Tuesday that monetary policy needs to remain tight with a focus on reining in consumer prices. Even though inflation is likely to gradually ...

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Stocks slide on Fed concern

  Bloomberg US equity-index futures and European stocks fell as investors worried about the prospects of interest-rates staying higher for longer and a deepening of geopolitical tensions. The dollar rebounded on haven appeal. Contracts on the S&P 500 and Nasdaq 100 indexes dropped at least 0.6% each with US markets set to return from a holiday. European stocks fell as ...

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Adani selloff drags group’s market value to under $100 billion

  Bloomberg The combined equity market value of Adani group’s 10 companies slipped below $100 billion on Tuesday, as the embattled conglomerate struggles to reassure investors following a scathing report by a US short seller. The ports-to-power group has now lost more than $136 billion in market capitalisation since January 24, when US-based Hindenburg Research published a report alleging accounting ...

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