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Unilever Sells Food Brands to McCormick for $15.7B
McCormick acquires Unilever's food brands, creating a flavor powerhouse and excluding Indian, Nepalese, and Portuguese units.
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European Stocks Rise, Oil Prices Surge Amid Iran War
European shares climbed, despite heading for worst monthly loss since 2022. Oil prices near record gains, driving concerns of global recession and high inflation.
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Uzbekistan's People's IPO Brings Citizens Into National Enterprises
Uzbekistan's new program lets citizens buy shares in state-owned companies, marking a major step in financial inclusion and market development.
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Eurozone Inflation Surges to 2.5% as Iran War Drives Energy Prices
Eurozone inflation spiked to 2.5% in March, driven by soaring energy costs due to the Iran war and Strait of Hormuz closure. The ECB faces a critical decision on rate hikes.
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Tech Stocks Struggle Amid Iran Conflict
Tech shares falter as U.S. equity indexes face worst quarterly performance in years.
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Vingroup Abandons Major LNG Power Plant Plan for Renewable Energy Shift
Vietnam's largest conglomerate proposes scrapping its planned LNG plant due to soaring fuel prices driven by Iran war, pivoting to a $25 billion renewable energy project.
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BlackRock Shifts to Neutral on US and Japanese Equities
BlackRock Investment Institute cites macro risks and favors AI-driven infrastructure plays over traditional markets.
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Japan Post Insurance Acquires 2.9% Stake in Ashmore
Japan Post Insurance agrees to acquire a 2.9% stake in British wealth manager Ashmore, investing $1 billion in emerging market funds.