NEWS1
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Architect of Allianz fraud made $ 60 million as he lied to investors, US says
FRANKFURT, May 17 (Reuters) – The star portfolio manager at the center of a fraud at the US funds unit…
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Shares slide as global growth fears mount
FILE PHOTO – An investor sits in front of a board showing stock information at a brokerage office in Beijing,…
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US housing market cooling as building permits tumble, starts to fall
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, US…
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‘Huge’ pressure for Shanghai to stay COVID-free as lockdown end nears
Shanghai health authorities warn of risks of COVID rebound Some migrant workers looking to leave Shanghai Goldman cuts China GDP…
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Stock market rebound fizzles, UK inflation hits 40-year high
LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about economic growth…
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Strong US retail sales, manufacturing output boost economic outlook
Retail sales increased 0.9% in April March retail sales gain raised to 1.4% from 0.5% Core retail sales up 1.0%;…
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Fed’s Powell vows to raise rates as high as needed to kill inflation surge
Federal Reserve Chair Jerome Powell tests before the Senate Banking Committee in Washington, US, March 3, 2022. Tom Williams /…
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Wall Street ends sharply higher, fueled by Apple
Walmart slides after cutting earnings forecast April retail sales rise in line with estimates S&P 500 + 2.02%, Nasdaq +…
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Allianz to pay $ 6 billion in US fraud case, fund manager charged
NEW YORK / MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion…
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Shanghai hits prized ‘zero COVID’ status but lockdown lingers
Shanghai goes three days with no new community infections Only a few signs of a gradual re-opening Amcham warns COVID…
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