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Asian Stocks to Rise in Risk-On Trade Ahead of Fed: Markets Wrap

European equity futures climbed alongside Asian shares while contracts for US stocks were steady ahead of the Federal Reserve’s much-anticipated interest-rate decision later Wednesday.
Rakuten Bank, Parent Seek to Raise $881 Million in Tokyo IPO

An initial public offering by Rakuten Bank Ltd. is set to fetch the company and its parent as much as 116.6 billion yen ($881 million), based on an indicative price range.
Erdogan’s Week of Setbacks Worsens as Crucial Elections Approach

Turkish President Recep Tayyip Erdogan’s failure to convince former economy czar Mehmet Simsek to rejoin his administration represents a fresh setback as he strives to beef up support ahead of what could be a nail-biting election in May.
UBS Offers to Buy Back Some of Its Own Bail-In Notes

UBS Group AG is offering to buy back euro-denominated bonds it issued Friday, just days before it said Sunday it would acquire troubled rival Credit Suisse Group following hastily arranged crisis talks.
Sri Lanka Says Unique IMF Loan Design Will Lower Market Rates

Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said.

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