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Asian stocks rally, battered bond market tries to steady
March 1, 2021
Asian stocks rally, battered bond market tries to steady
SYDNEY (Reuters) - Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge U.S. stimulus package underpinned optimism about the global economy and sent oil prices higher.
PM rejects summary for increase in petroleum prices
February 28, 2021
PM rejects summary for increase in petroleum prices
ISLAMABAD (92 News) - Prime Minister (PM) Imran Khan has rejected a summary of Oil and Gas Regulatory Authority (OGRA) for increasing petroleum prices from about Rs6 to 7 per litre.
UK’s Sunak to provide 5 billion pounds of grants to pandemic hit businesses in budget
February 28, 2021
UK’s Sunak to provide 5 billion pounds of grants to pandemic hit businesses in budget
LONDON (Reuters) - British finance minister Rishi Sunak will announce 5 billion pounds ($7 billion) of additional grants to help businesses hit hard by pandemic lockdowns in his budget statement next week, the government said on Saturday.
Warren Buffett's $10 billion mistake: Precision Castparts
February 28, 2021
Warren Buffett's $10 billion mistake: Precision Castparts
NEBRASKA (Reuters) – Warren Buffett makes mistakes too.the 90-year-old billionaire on Saturday admitted he “paid too much” when his Berkshire Hathaway Inc spent $32.1 billion in 2016 to buy aircraft and industrial parts maker Precision Castparts Corp, its largest acquisition.
Wall Street Week Ahead: Investors weigh new stock leadership as broader market wobbles
February 27, 2021
Wall Street Week Ahead: Investors weigh new stock leadership as broader market wobbles
NEW YORK (Reuters) – A shakeup in stocks accelerated by the past week’s surge in Treasury yields has investors weighing how far a recent leadership rotation in the US equity market can run, and its implications for the broader S&P 500 index.
Asian markets roiled as bond rout turns 'lethal'
February 26, 2021
Asian markets roiled as bond rout turns 'lethal'
SYDNEY/MIAMI (Reuters) - Asian stocks skidded to one-month lows on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.