Global equity markets including the U.S. witnessed a sharp pullback in early August, with Japanese stocks leading the sell-off. According to Nomura strategists, one of the reasons behind the correction…
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Cash continued to dominate inflows last week, seeing significant allocations across all major asset classes, Bank of America revealed today’s report. Cash inflows over the past three weeks reached a…
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MOSCOW (Reuters) -Russia accused Ukraine on Friday of trying to attack the Kursk nuclear power station overnight in what it called an act of “nuclear terrorism”, days before the head…
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Investing.com — Wall Street is seen trading in tight ranges Thursday ahead of more labor macro data, a speech by Vice President Kamala Harris and, perhaps more importantly, the start…
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SHANGHAI (Reuters) – Having spent all year trying to put a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to…
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By Rishav Chatterjee (Reuters) – Commonwealth Bank of Australia (OTC:CMWAY), the country’s biggest lender, cut interest rates for some of its home loan products for new customers on Friday, stoking…
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Economy News
With Fed rate cut set, Powell may focus on explaining US economic conditions at Jackson Hole
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – U.S. economic data is giving the Federal Reserve the green light to cut interest rates, financial markets are aligned for the first…
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By Elizabeth Pineau and Ingrid Melander PARIS/TOURS (Reuters) – French President Emmanuel Macron meets with party leaders from the left, center and right on Friday with the aim, nearly seven…
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LONDON (Reuters) – The latest earnings from AI darling Nvidia (NASDAQ:NVDA) and key inflation numbers in the euro area and Australia should keep markets busy in the coming week. Gold’s…
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By Stella Qiu SYDNEY (Reuters) -Asian shares sputtered on Friday while the dollar rebounded from one-year lows as investors were cautious ahead of a speech by the world’s most powerful…