Saturday,
01 April 2023
Finance
Hedge Funds Retrench After Getting Pummeled During Wild March (1)
By Nell Mackenzie, Carolina Mandl and Summer Zhen
03/31/23 AT 2:12 PM EDT
March's market turmoil has forced many macro and trend-following hedge
funds to cut bait on bad portfolio bets and caused at least one bank that
lends to them to scrutinize its clients' exposure, according to sources and
preliminary data reviewed by Reuters.
The sudden collapse this month of two regional U.S.
Stocks bounced back this quarter, but it's too early to celebrate (2)
By Krystal Hur, CNN
5:36 PM EDT, Fri March 31, 2023
New York(CNN) After a stormy 2022, US stocks gained during the first
quarter of 2023 in a surprise show of resilience despite a banking crisis,
cryptocurrency meltdowns and uncertainty about what's ahead for the economy.
Still, nothing about the first quarter's performance was linear.
Sri Lanka's inflation drops further to 50.3 percent in March (1)
Source: Xinhua| 2023-04-01 00:18:45
COLOMBO, March 31 (Xinhua) - Sri Lanka's inflation decreased to 50.3
percent in March from 50.6 percent in February, official statistics showed
on Friday.
The year-on-year inflation of the food group dropped to 47.6 percent in
March from 54.4 percent in February, and inflation in the non-food group
increased to 51.7 percent from 48.8 percent in February.
Inflation in the country has been dropping in the last few months.
In news