Currency Markets

Currency Markets

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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation

May 9, 2024

The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target

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May 8, 2024

Stock market today: Global shares mostly higher after calm day on Wall St

World shares are mostly higher after U.S. stocks held relatively steady on Wall Street

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May 7, 2024

Stock market today: Asian shares mixed after calm day on Wall St

Asian shares are mixed after U.S. stocks held relatively steady on Wall Street

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Apr 29, 2024

Stock market today: Global shares rise, cheered by last week's tech rally on Wall Street

Global shares are trading higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week

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China's Xi promises open markets and billions in new investments for 'Belt and Road' projects

Oct 18, 2023

Chinese President Xi Jinping is promising foreign companies more access to China’s huge market and more than $100 billion in new financing for other developing economies

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Oct 5, 2023

Fears about Amazon and Microsoft cloud computing dominance trigger UK probe

Concerns from regulators about the dominance of Amazon and Microsoft in Britain’s cloud computing market have triggered an investigation into the competitiveness of the key industry

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Jul 5, 2023

Stock market today: Asia sinks after a survey shows China's industrial activity is weakening

Asian stock markets are lower after a survey showed Chinese industrial activity weakening

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Jun 20, 2023

Stock market today: Asian shares mostly slip after US markets were closed for a national holiday

Asian shares are mostly lower as some investors take a wait-and-see attitude after U.S. markets were closed for a national holiday

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Jun 5, 2023

Stock market today: Asian stocks follow Wall St up after strong US jobs report

Asian stocks have followed Wall Street higher after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening

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Mar 23, 2023

Heavily indebted Chinese developer proposes restructuring

China Evergrande, a real estate developer whose struggle to manage more than $300 billion in debt rattled global financial markets has announced a long-awaited plan to restructure what it owes to foreign bondholders

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