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Stocks gain, shrugging off latest policymaker inflation concerns

Stocks gain, shrugging off latest policymaker inflation concerns

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com register LONDON, Aug 18 (Reuters) – …

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The disappointing economic backdrop to China’s policy dilemma

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – China’s central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do …

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Investors no longer ‘apocalyptically bearish’, Bank of America poll says

LONDON, Aug 16 (Reuters) – Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly survey of global fund managers in August, as hopes rise inflation and interest rates shocks will end in the coming quarters BofA, which polled investors overseeing $836 billion in assets between Aug. 5-11, said …

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Cryptoverse: Electric ether leaps on verge of Merge

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – It looks like ethereum’s mega-upgrade is happening. finally. After years of delays, the “Merge” seems all but certain to take place in September, …

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Exclusive: Wall Street revives Russian bond trading after US go-ahead

NEW YORK, Aug 15 (Reuters) – Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic . Most US and European banks had pulled back from …

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Former Deutsche Bank co-CEO Anshu Jain dies

Anshu Jain, co-CEO of Deutsche Bank, addresses the bank’s annual general meeting in Frankfurt, Germany, May 21, 2015. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com register Aug 13 (Reuters) – Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG (DBKGn.DE) take on the largest Wall Street …

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Explainer: How will SoftBank cut its stake in Alibaba without selling shares?

NEW YORK, Aug 10 (Reuters) – SoftBank Group Corp (9984.T) is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding (9988.HK) from 23.7% to 14.6%. read more But the Japanese conglomerate will not sell its shares directly in the market. It is using a complex security called “prepaid …

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Cryptoverse: Blockchain bridges fall into troubled waters

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from US crypto firm Nomad last …

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SoftBank plans Vision Fund job cuts after record net loss

SoftBank was in a bubble on valuations- Last No sacred areas for cost cuts SoftBank has exited stake in Uber Announced Y400 bln share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash …

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Oil bounces as China, US data ease recovery concerns

FILE PHOTO – A oil field worker works at a pump jack in PetroChina’s Daqing oil field in China’s northeastern Heilongjiang province November 5, 2007. REUTERS/Stringer (CHINA) Register now for FREE unlimited access to Reuters.com register SINGAPORE, Aug 8 (Reuters) – Oil prices edged up from multi-month lows on Monday as investors’ appetite improved following …

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