Business

Political jitters keep euro, French debt under pressure

Political jitters keep euro, French debt under pressure

Published 08/02/2017

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, February 1, 2017. REUTERS/Staff/Remote

Political uncertainty ahead of European elections prompted nervous investors to sell the euro and kept lower-rated euro zone debt under pressure on Wednesday while the price of safe-haven gold hit three-month highs.

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UK employers expect to offer smaller pay rises in 2017: BoE

UK employers expect to offer smaller pay rises in 2017: BoE

Published 08/02/2017

Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh

British employers expect to offer less generous pay deals this year compared with 2016 despite rising inflation, probably putting pressure on consumer spending as the year goes on, a Bank of England survey showed on Wednesday.

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Foreign banks, wealth funds eye cooperation with Turkish wealth fund: Turkish finance minister

Foreign banks, wealth funds eye cooperation with Turkish wealth fund: Turkish finance minister

Published 08/02/2017

Turkey's Finance Minister Naci Agbal is pictured during an interview with Reuters in Ankara, Turkey, September 27, 2016. REUTERS/Umit Bektas

Foreign banks and sovereign wealth funds are interested in working with Turkey's newly formed wealth fund, which is likely to make its first transaction this year, Turkish Finance Minister Naci Agbal told Reuters on Wednesday.

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Indian central bank keeps policy rate on hold, with eyes on inflation

Indian central bank keeps policy rate on hold, with eyes on inflation

Published 08/02/2017

The Reserve Bank of India (RBI) Governor Urjit Patel attends a seminar during the Vibrant Gujarat investor summit in Gandhinagar, India, January 11, 2017. REUTERS/Amit Dave

India's central bank kept its policy rate on hold for a second meeting in a row, opting to wait for more clarity on the trend for inflation and on how a radical crackdown on "black money" would impact economic growth.

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Political risks weigh on euro, yen gains

Political risks weigh on euro, yen gains

Published 08/02/2017

A man counts U.S dollars and Euros at a money exchange office in central Cairo, Egypt, December 27, 2016. REUTERS/Mohamed Abd El Ghany

The euro fell another third of a percent against the dollar on Wednesday, as concerns around a resurgence in political risk to the single currency project drove its worst run of daily losses in almost two months.

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Hyundai may source car batteries from China amid political tension

Hyundai may source car batteries from China amid political tension

Published 08/02/2017

The logo of Hyundai Motor is seen on a steering wheel at its dealership in Seoul, South Korea, December 15, 2016. REUTERS/Kim Hong-Ji

Hyundai Motor (005380.KS) said on Wednesday it may procure electric vehicle batteries from Chinese companies for a planned China model after South Korean battery makers failed to make a list of approved vendors last year.

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Disney CEO Iger says he is open to extending his term

Disney CEO Iger says he is open to extending his term

Published 08/02/2017

FILE PHOTO - The logo of the Disney store on the Champs Elysee is seen in Paris, France, March 3, 2016. REUTERS/Jacky Naegelen/File Photo

Chief Executive Bob Iger said on Tuesday he is open to extending his term as the head of Walt Disney Co (DIS.N), offering investors a sign of potential stability at the media company as it reported a dip in quarterly advertising at ESPN.

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Wall Street edges up as Nasdaq sets record high

Wall Street edges up as Nasdaq sets record high

Published 07/02/2017

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., January 31, 2017. REUTERS/Lucas Jackson

The S&P 500 ended barely higher on Tuesday while the Nasdaq managed to scratch out a new record as gains in big tech names countered energy declines.

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Fiat Chrysler reiterates diesel vehicles fully compliant

Fiat Chrysler reiterates diesel vehicles fully compliant

Published 07/02/2017

A new Fiat Chrysler Automobiles sign is pictured after being unveiled at Chrysler Group World Headquarters in Auburn Hills, Michigan May 6, 2014. REUTERS/Rebecca Cook

Fiat Chrysler reiterated its diesel vehicles were fully compliant with applicable emissions requirements, a spokesman said on Tuesday after the French authorities referred the carmaker's case for possible prosecution.

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Fiat Chrysler shares volatile after France refers emissions case to prosecutor

Fiat Chrysler shares volatile after France refers emissions case to prosecutor

Published 07/02/2017

A woman walks past a logo of Fiat Chrysler Automobiles (FCA) in Turin March 31, 2014. REUTERS/Giorgio Perottino

Shares in Fiat Chrysler (FCHA.MI) were volatile in early trade on Tuesday after French investigators referred the carmaker for possible prosecution over abnormal emissions of nitrogen oxide pollutants from some of its diesel engines.

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