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    AXA’s investment not tied to JV revision – sources No accord signed yet with cornerstone investors – sources Talks ongoing, MPS eyes Oct. 17 launch date for cash call – sources MILAN, Oct 2 (Reuters) – French insurer Axa (AXAF.PA) is considering investing at least 100 million euros ($97.99 million) in a new share sale ...
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    Dollar up for the quarter but down for the week U.S., European data show still red-hot inflation Talk of yuan intervention aids Chinese currency NEW YORK, Sept 30 (Reuters) – The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier commodity-led currencies ...
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    PARIS, Sept 30 (Reuters) – Slawomir Krupa is set to become the new chief executive of Societe Generale (SOGN.PA), following his current position as head of investment banking, Le Figaro said on Friday, citing several sources. A board meeting on the nomination will be held on Friday, the newspaper added. The bank was not immediately ...
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    SNB halted foreign currency purchases to curb franc strength Sold 5 million Swiss francs worth of foreign currency in Q2 SNB spent 353 billion francs in 7-1/2 years on forex Policy seen as success by economists ZURICH, Sept 30 (Reuters) – The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign ...
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    LONDON, Sept 30 (Reuters) – European stocks were a touch higher on Friday as government bond yields pulled back from recent peaks, but higher-than-expected inflation continued to weigh on markets. After a week of market turmoil in which recession fears sapped stocks and currency markets were rocked by dollar strength, Asian shares fell on Friday ...
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    SINGAPORE, Sept 30 (Reuters) – Singapore’s Temasek Holdings (TEM.UL) said that market valuations had not yet priced in a global economic recession and that said the state investor was waiting for further declines before stepping up investments. “Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months,” ...
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    Pound rallies after 1% fall as PM defends economic plan BoE buys gilts for 2nd day Euro up vs dollar; German inflation soars Japan signals readiness to intervene in FX again NEW YORK, Sept 29 (Reuters) – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank ...
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    FTSE 100 down 1.8%, FTSE 250 slides 3.1% Next’s slides on outlook cut Synthomer plunges after lowering annual profit outlook Sept 29 (Reuters) – London stocks sank on broad-based losses on Thursday, with the mid-caps index plunging 3.1%, as worries about fallout from the government’s new economic plan continued to roil markets. Relief from emergency ...
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    LONDON, Sept 28 (Reuters) – Shares in Biogen (BIIB.O) and Eisai (4523.T) soared on Wednesday reflecting the surprise trial success of their experimental Alzheimer’s drug, which also lifted the stocks of rival drugmakers Roche (ROG.S) and Eli Lilly . Nearly all drugs tested to treat Alzheimer’s – a fatal brain disease that affects an estimated ...
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    TAIPEI, Sept 28 (Reuters) – Some Taiwanese chip companies are in talks with European countries about investments there, a government minister said on Wednesday, adding the administration was “pleased” to see efforts by local companies to work with democratic allies. The European Union has been courting Taiwan, a major semiconductor producer, as one of the ...