Asian Stocks to Follow US Rally With Focus on CPI: Markets Wrap
US stocks were set to open near all-time highs on hopes that the inflation report won’t undermine the case for Federal Reserve interest-rate cuts.
US stocks were set to open near all-time highs on hopes that the inflation report won’t undermine the case for Federal Reserve interest-rate cuts.
Morgan Stanley struck a deal to buy roughly $700 million of property loans made by the failed Signature Bank from a group including Blackstone Inc., Canada Pension Plan Investment Board and Rialto Capital, according to people familiar with the matter.
A Pakistani court granted bail to former Prime Minister Imran Khan in a case where he is charged of legalizing billions of rupees of a business tycoon when he was in power in 2019. The jailed leader won’t be set free as he is serving sentence in other cases.
Iceland is about to get its first organized power market, a move that will help make rates more transparent.
Nigeria’s inflation rate climbed for a 16th consecutive month in April, driven by a threefold increase in electricity tariffs and higher transport costs.
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