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Stock buyback zeal undimmed by looming Fed rate hike

Pending and completed buybacks at all US-based traded companies rose 45 per cent to US$179.7b in Q1

A small initial increase in the fed funds effective rate could signal to companies that they better start acting on share buybacks now.

New York

THE seemingly insatiable appetite of US companies for their own stock is unlikely to be satisfied soon, even if the Federal Reserve begins to raise benchmark interest rates and shares get pricier.

That would extend a pattern established in the last round of Fed tightening...

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