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President Biden is urging confidence in the nation's financial systems, following the stunning collapse of two banks. AP Washington correspondent Sagar Meghani reports.

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Asian stocks fall after Wall St sinks on new bank fears
By JOE MCDONALD - AP Business Writer
Wed,03/15/23-12:43AM , 231 Reads
BEIJING (AP) — Asian stock markets tumbled Thursday after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders.
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President Biden is urging confidence in the nation's financial systems, following the stunning collapse of two banks. AP Washington correspondent Sagar Meghani reports.

AP
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Asian stocks higher after Wall St rebounds from bank jitters
By JOE MCDONALD - AP Business Writer
Tue,03/14/23-1:57AM , 78 Reads
BEIJING (AP) — Asian stock markets rebounded Wednesday after Wall Street stabilized following sharp declines for bank stocks and U.S. inflation eased but stayed high.

Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices regained some of the previous day's sharp losses.
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Chinese President Xi Jinping delivers a speech at the closing ceremony for China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Monday, March 13, 2023. (AP Photo/Andy Wong)

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China's Xi wants bigger global role after Saudi-Iran deal
By JOE MCDONALD - Associated Press
Sun,03/12/23-10:53PM , 69 Reads
BEJIING (AP) — President Xi Jinping called Monday for China to play a bigger role in managing global affairs after Beijing scored a diplomatic coup as the host of talks that produced an agreement by Saudi Arabia and Iran to reopen diplomatic r
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People walk by the Dah Sing Bank's electronic screen in Hong Kong on Friday, March 10, 2023. Asian stock markets followed Wall Street lower Friday ahead of an update on U.S. employment amid worries about possible further interest rate hikes. (AP Photo/Louise Delmotte)

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Asian stocks follow Wall St lower ahead of US jobs update
By JOE MCDONALD - AP Business Writer
Thu,03/09/23-12:33AM , 89 Reads
BEIJING (AP) — Asian stock markets followed Wall Street lower Friday ahead of an update on United States employment amid worries about possible further interest rate hikes.

Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices edged lower.
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