Archive for March 23rd, 2022
Archive for March 23rd, 2022

Archive for March 23rd, 2022

23
Mar

Massive “COVID Bounce” in Cyberthreats

Malwarebytes tracked a 77% increase in malware detections over 2020. Business-focused cyberthreats jumped 143%, while consumer-specific threats rose by 65% to more than 152 million in 2021. This increase represents more than a return to business as usual, with detection numbers far exceeding pre-pandemic figures. “2021 was a challenging year for both cybersecurity and user […]

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23
Mar

European Economics Preview

The UK Chancellor of the Exchequer is set to present the Spring Statement 2022 to the Parliament on Wednesday. Chancellor Rishi Sunak is expected to announce measures to help British households to deal with rising cost of living. The Office for Budget Responsibility is set to lift its borrowing forecast for the coming year and […]

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23
Mar

Thai Trade Data Due On Wednesday

Thailand will on Wednesday release February data for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. Imports are predicted to rise 19.0 percent on year, slowing from 20.5 percent in January. Exports are called higher by an annual 10.4 percent, up from 8.0 percent in the previous month. The trade […]

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23
Mar

South Korean Producer Prices Rise

Producer prices in South Korea were up 8.4 percent on year in February, the Bank of Korea said on Wednesday – slowing from 8.9 percent in January. Individually, prices for agricultural, forestry and marine products fell 6.6 percent on year, while manufacturing products jumped 14.0 percent, utilities climbed 12.0 percent and services rose 2.5 percent. […]

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22
Mar

FTSE 100 Gets High With A Lttle Help From Some Banks

U.K. stocks rose on Tuesday, with banks leading the surge before the chancellor’s spring statement on Wednesday. The U.K. budget deficit narrowed in February from the last year but the shortfall was the second-highest for the month of February since records began in 1993, the Office for National Statistics said earlier today. Public sector net […]

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22
Mar

CAC 40 Support as Yields Surge

French stocks advanced on Tuesday after reports emerged that Ukrainian President Volodymyr Zelensky was prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire, the withdrawal of Russian troops and a guarantee of Ukraine’s security. Also, investors appeared to take in stride Federal Reserve Chair Jerome Powell’s comments […]

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22
Mar

Finnish Jobless Rate Falls In February

Finland’s jobless rate declined and employment continued to grow in February, figures from Statistics Finland showed on Tuesday. The unemployment rate for the 15 to 74 age group declined to 6.7 percent in February from 8.3 percent in the same month last year. In January, the unemployment rate was 7.5 percent and it was 6.7 […]

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22
Mar

Share Repurchase Upsized By Alibaba

Shares of Alibaba Group Holding Ltd. (BABA) were gaining around 10 percent in Hong Kong trading after the Chinese online retail giant announced Tuesday that its board has authorized to upsize its share repurchase program to $25 billion from $15 billion. According to the company, the move is a sign of confidence about its continued […]

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22
Mar

Wall Street Re-Cap

On Wall Street, stocks fluctuated over the course of the trading day on Monday but largely maintained a negative bias throughout the session. The major averages gave back ground following the strong upward move seen on Wall Street last week. The major averages ended the session in negative territory but off their worst levels of […]

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22
Mar

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the negative cues from Wall Street overnight, as higher commodity prices triggered strong buying in energy and materials sectors, despite rising concerns about the impact of the ongoing war in Ukraine. Asian markets closed mixed on Monday. Traders also digested comments from US Federal Reserve […]

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