EU members’ China cuddling weakens Brussels’ hand
European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS,...
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Dollar shines against battered yen; Aussie dragged by jobs data, China woes
SINGAPORE, Aug 17 (Reuters) - The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S....
Exclusive: Bridgewater’s flagship fund was bearish on US stocks as rally fizzled
Bridgewater's Pure Alpha most bearish on developed market bondsAlso bearish about the U.S. dollar, metals and stocksEuro, Singapore dollar were...
PayPal to halt UK crypto sales until 2024
The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsLONDON, Aug 16 (Reuters) - Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.Britain's financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms to carry warnings about the risk and scrapping "refer a friend" bonuses.PayPal will "temporarily pause"...
UK inflation set sterling for biggest one-day rally in three-weeks
Woman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Aug 16...
Europe space chief warns over political wavering on climate
A satellite image, captured by the Copernicus Sentinel-2 satellite mission, shows a wildfire that broke out on August 5 south...
Morning Bid: Stock markets tense as China gloom builds
The German share price index DAX graph is pictured at the Frankfurt stock exchange after risks have climbed to multi-month...
Dollar falls after stronger-than-expected retail sales data, yuan falls to 9-month low
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/IllustrationWASHINGTON/LONDON, Aug 15 (Reuters) - The dollar index was lower after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China's central bank unexpectedly cut key policy rates.U.S. retail sales jumped 0.7% last month, the Commerce Department said, demonstrating that demand has remained resilient despite the Federal Reserve's aggressive interest rate hikes to tame inflation, thanks to strong wage gains from...
Sweden, UK lead European shares lower as inflation data stokes rate-hike fears
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 14, 2023. REUTERS/Staff/File...
Hedge funds land bonuses despite returns below bank savings rates -Goldman
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Aug 15 (Reuters) - Most...
