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Oil prices ease on fears of more interest rate hikes denting fuel demand

Leaders of the world's top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation ....

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Australia Market advances on Wall Street's lead, RBA minutes

Read more about Australia Market advances on Wall Street s lead, RBA minutes on Business Standard. At closing bell, the benchmark S&P/ASX200 advanced 54.12 points, or 0.8%, to 6,827.14. The broader All Ordinaries grew up 59.84 points, or 0.85%, to 7,078.98. ....

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Japan Stocks extend gains to sixth day

Japan share market finished higher sixth straight session on Tuesday, 16 March 2021, as investors took heart from record closes on Wall Street overnight on heightened hopes for the U. S. economic recovery and yen depreciation to lower 109-level against greenback. However, market gains capped amid a wait-and-see mood before the start of the U. S. Federal Reserve s two-day policy-setting meeting later on Tuesday.
At closing bell, the 225-issue Nikkei Stock Average rose 154.12 points, or 0.52%, to 29,921.09. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 12.77 points, or 0.65%, to 1,981.50.
Total 24 out of 33 industry category of Topix index ended into positive territory, with Marine Transportation, Air Transportation, Real Estate, Information & Communication, and Retail Trade issues being notable gainers, whereas Iron & Steel, Banks, and Oil & Coal Products issues were notable losers. ....

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Facebook asks court to dismiss US government, states antitrust cases

WASHINGTON (Reuters) - Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers.
By a one-vote margin, in the fraught environment of relentless criticism of Facebook for matters entirely unrelated to antitrust concerns, the agency decided to bring a case against Facebook, Facebook said in responding to the FTC complaint.
None of the harms typically alleged in antitrust actions is alleged here, it said.
In lawsuits filed in December, the FTC and states asked the court to force the social media giant to sell two prized assets, its messaging app WhatsApp and photo-sharing app Instagram. U.S. District Judge James Boasberg in the District of Columbia will hear the cases. ....

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Market may open on weak note

Read more about Market may open on weak note on Business Standard. SGX Nifty: ....

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