Sat, Feb 17, 2024 9:47 PM
US: Single family housing sees a rise in permits in January
A Flip by Shubhangi Gupta
Turkey’s central bank raised its inflation forecasts for this year and through 2026, bringing them closer to market expectations after price gains exceeded estimates for two consecutive months. The latest outlook shows officials see inflation finishing this year at 44% and then reaching 21% by the end of 2025, up from their previous estimates of 38% and 14%, respectively.
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Manolo Blahnik, the high-end shoe brand with many celebrity fans and often worn in the TV hit "Sex and the City", has opened its first store in mainland China after a 22-year battle over the legal right to use its name. In addition to the new boutique in Shanghai's Plaza 66 luxury mall, the company expects to open a store a year in China for the next five years.
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US yields aren’t far from levels that would lure investors from stocks into bonds, according to the chief investment officer of Amundi SA, Europe’s biggest asset manager. The benchmark yield jumped as high as 4.48% following the Nov. 5 election, before retreating back to around 4.33% after the Federal Reserve cut its main interest rate by a quarter percentage point on Thursday.
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