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Demonstrators hold signs and wave flags as they take part in a demonstration called by unions from Inditex, the world's biggest fashion retailer, to ask for a better distribution of the group's record profits, in front of a Bershka store in Madrid March 22, 2024. — AFP pic

Zara owner Inditex workers protest after record profits

The central bank raised rates to 16 per cent in a series of hikes last year to cool the pace of price rises.  — Reuters pic

Russia’s central bank holds rates amid stubborn inflation

Stellantis said it is reducing its engineering/technology and software organisations by about 400 US jobs effective March 31, which represents 2 per cent of those jobs worldwide. — Reuters pic

Stellantis laying off about 400 US workers, citing ‘unprecedented uncertantities’

Germany's national team jerseys made by Adidas are pictured in official store in Frankfurt March 22, 2024. — AFP pic

Nike’s long international struggle with Adidas

Danone lost control of the management of its Russian subsidiary in July 2023, and said its total loss amounted to €1.2 billion. — AFP pic

Danone receives go-ahead to sell Russian subsidiary

In another sign of broadening, more S&P 500 stocks are outperforming the benchmark, 180 so far this year as of Thursday versus 150 last year. — AFP pic

Wall Street Week Ahead: Broadening US market rally gets boost from dovish Fed

Fitch said in a statement that economic policy risks had eased in the United Kingdom since it issued its 'negative' outlook in October 2022, during the brief premiership of former Conservative prime minister Liz Truss. — Reuters pic

Fitch upgrades UK credit rating outlook to ‘stable’

Traders now see about a 71 per cent chance of the first rate cut hitting in June versus 56 per cent at the start of this week, according to the CME’s FedWatch Tool. — Reuters pic

S&P 500 ends near flat but index posts biggest weekly gain of year

The S&P 500 on Friday fell 0.14 per cent, to 5,234.18, the Dow fell 0.77 per cent and the Nasdaq Composite gained 0.16 per cent, to 16,428.82. For the week they rallied 2.3 per cent, 2.0 per cent and 2.9 per cent, respectively. — Reuters pic

Global stocks catch breath after record-breaking week

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Hong Kong PropTech Association 41 Awards Unveiled at the PropTech Excellence Awards 2024, Paving the Way for Smart Cities

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IGC Completed Acquisition of Deep Neural Computing, To Promote Trading Technology’s R&D and Service Scope’s Transformation

By 1240 GMT, the rouble was 0.6 per cent weaker against the dollar at 92.65 and had lost 0.1 per cent to trade at 100.22 versus the euro. — Reuters pic

Russian rouble slips as central bank holds interest rates

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Kaisa Prosperity 2023 Revenue from Property Management Services and Community Value-Added Services Up 7.2% and 13.2% y-o-y Management Scale Reached a New Level

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Founders Metals Intersects 38.0 Metres of 10.90 g/t Gold at Froyo

The dollar was on course for its second largest weekly rise against a basket of currencies, while rate-sensitive assets such as gold and stocks hit record highs. — Reuters pic

Dollar set for weekly rise after sea-change in global rate outlook

This aerial photograph taken on August 30, 2023 shows a residential complex built by Chinese real estate developer Vanke in Zhengzhou, in China's central Henan province. — AFP pic

Fitch downgrades Chinese property giant Vanke