Economic News
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US home sales surged in February as mortgage rates dipped
Sales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates and slight pullback in prices
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IMF to assess Sri Lankan governance as part of $3B bailout
The International Monetary Fund says it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program
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IMF to assess Sri Lankan governance as part of $3B bailout
The International Monetary Fund says it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program
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Asian stocks rise ahead of Fed's next interest rate decision
Asian stock markets are higher ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks
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First Republic Bank shares slide in volatile trading session
Shares of First Republic Bank fell another 47% Monday as investors remain uneasy about the bank’s financial condition even after a group of the nation’s largest financial institutions teamed up on a $30 billion rescue package
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Will the Credit Suisse bank takeover calm financial fears?
Globally connected Credit Suisse has been taken over by rival UBS at the urging of Swiss authorities to avoid a collapse that could have sent shock waves through the global economy
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Lebanon to construct new terminal at Beirut airport
Lebanon will construct a $122 million terminal at Beirut’s Rafik Hariri International Airport to be operated by a leading Irish airport company when it’s completed in four years,
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Fed's tough challenge: Confront inflation and bank jitters
Still grappling with persistently high inflation, the Federal Reserve faces an entirely new — and in some ways conflicting — challenge as it meets to consider interest rates this week: How to restore calm to a nervous banking system
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New York Community Bank to buy failed Signature Bank
New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday
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New York Community Bank buys assets of Signature Bank. FDIC estimates the bank's failure will cost insurance fund $2.5B
New York Community Bank buys assets of Signature Bank. FDIC estimates the bank's failure will cost insurance fund $2.5B
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