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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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    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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    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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    ASUNCION/TAIPEI, Sept 29 (Reuters) – Paraguay’s foreign ministry said on Thursday that the South American country’s diplomatic ties with Taiwan were “excellent” and not conditional on extra investment, amid rising pressure from China to win over the island’s few remaining allies. Paraguay is one of only 14 nations globally that retains diplomatic ties with Taiwan ...
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    Sept 29 (Reuters) – A court in military-ruled Myanmar on Thursday jailed deposed leader Aung San Suu Kyi and her former economic adviser, Australian Sean Turnell, for three years for violating a secrets law, a source familiar with the proceedings said. Both had pleaded not guilty to charges of violating the official secrets act, which ...
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    DUBAI, Sept 28 (Reuters) – The UAE and Oman are exploring investment opportunities worth 30 billion dirhams and will increase bilateral economic cooperation in strategic sectors, according to a statement released during President Sheikh Mohammed bin Zayed’s visit to the Sultanate. Considered one of the Gulf’s weaker economies, increased trade and investment support from a ...
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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 ...