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LONDON — For decades, Britain’s bankers have relied on their industry’s outsized status in the economy to find a receptive ear in government.
Trading on mainland Chinese markets has been halted for the day after shares fell more than 7% for the second time this week.
The Australian dollar stole the spotlight yesterday, rallying against the greenback after an unexpected spike in inflation.
JPMorgan is suing Berlin’s public transport provider in a British court to recover the $204 million plus interest it says it is owed.
Britain’s financial services industry is beginning to feel the benefits of economic recovery, as firms report growth in profits.
The dollar tumbled to its lowest in almost a month against the yen yesterday.
Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis.
BRUSSELS — The world economy should finally overcome its hangover from the global financial crisis this year as growth picks up and house prices rise
Fuel prices are expected to go down after the deadline for fuel industry players to clear their stocks and pave way for mandatory blending of anhydrous ethanol.
China’s central bank may tighten policy moderately as inflation creeps up.
Cautious optimism that the US government would avert an economically damaging debt default lifted world shares and supported the dollar yesterday.
China’s annual consumer inflation rate rose to a seven-month high of 3,1% in September as poor weather drove up food prices.
SUB-SAHARAN African economies are expected to register growth in 2014 due to strong growth buoyed by domestic demand in most of the region, the International Monetary Fund has said.
Singapore — Some financial institutions are reducing the use of US Treasury bills as collateral for transactions in stocks and swaps as they prepare for the possibility of a US government default.
The dollar got some relief against the yen yesterday from news President Barack Obama has tapped dovish Federal Reserve vice-chairwoman Janet Yellen to head the US central bank.
The first United States government shutdown in 17 years weakened the dollar yesterday, sending it to an eight-month low against the euro.
Euro zone inflation fell faster than expected in September to its lowest since February 2010.
The European Union’s markets watchdog wants to charge foreign clearing houses seeking to cash in on new derivatives rules being introduced across the 28-country bloc.
Two more top executives at Bahrain’s Batelco have quit the firm, leaving lower level staff to run the former telecom monopoly.
Glencore Xstrata wrote down assets inherited from Xstrata by $7,7 billion, slashing the value of operations in the early stages of development.
Swedish engineering group Atlas Copco yesterday said it was buying British industrial technology firm Edwards Group for up to $1,6 billion.
Stocks were little changed on Friday following the largest one-day drop in almost two months a day earlier.
The Brazilian real and the Australian dollar are seen as the world’s most vulnerable emerging and developed currencies to the Federal Reserve’s plans to scale back the pace of its monetary stimulus.
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