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Currencies

Shares lose momentum as doubts cloud interest rate optimism

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsWall Street edges higher as Euro STOXX 600 falls 0.06%Dollar gains as appetite for riskier currencies diminishesTreasury yields slip as investors weigh Fed commentaryAussie drops 1.2% on 'dovish hike' from RBANEW YORK/LONDON, Nov 7 (Reuters) - World share markets lost momentum on Tuesday as investor optimism that interest rates have peaked and the Federal Reserve will soon begin cutting them faded, while the dollar made gains...
Banking

EU asks Alibaba’s AliExpress for details on measures against illegal products

Shopping trolley is seen in front of AliExpress logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 6 (Reuters) - The European Commission on Monday ordered Alibaba's (9988.HK) AliExpress to provide information on how it tackles illegal products, such as counterfeit goods, sold on its platform by Nov. 27 or face an investigation that could result in fines.The EU executive said it had sent a request for information to AliExpress in line with newly adopted EU rules called the Digital Services Act (DSA), which requires...
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