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Stocks jump as Xi calms jitters over U.S.-China trade row

SINGAPORE (Reuters) – U.S stock futures rallied, Asian equities bounced and the safe haven yen fell on Tuesday, as Chinese President Xi Jinping promised to lower import tariffs on products including cars, helping soothe investor jitters over an escalating U.S.... More »

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Oil prices rise on hopes U.S. trade spat with China may ease

SINGAPORE (Reuters) – Oil markets rose for a second day on Tuesday, with Brent rising above $69 per barrel on hopes a trade dispute between the United States and China, the world’s two biggest crude consumers, may be resolved without greater damage to the glob... More »

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Euro zone inflation disconnected from growth: ECB’s Praet

FRANKFURT (Reuters) – Euro zone inflation appears to have disconnected from growth and remains subdued even as the currency bloc’s economy expands rapidly, European Central Bank chief economist Peter Praet said. “However, the ongoing economic expansion is expe... More »

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Asia stocks start new quarter on front foot, dollar steady

TOKYO (Reuters) – Asian stocks began the new quarter on Monday with modest gains following a strong performance by global equities last week, while the dollar held steady ahead of key economic indicators. MSCI’s broadest index of Asia-Pacific shares outside Ja... More »

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Oil stumbles as U.S. supply growth offsets OPEC optimism

LONDON (Reuters) – Brent oil lingered below this week’s highs on Thursday, as optimism over OPEC’s commitment to controlling its output was partly offset by another rise in U.S. inventories. The oil price touched $71 a barrel on Tuesday, near its high for the ... More »

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Slovenia claims world’s first blockchain monument

KRANJ, Slovenia (Reuters) – The first monument to the blockchain technology that underpins crypto-currencies took center stage on Tuesday on a roundabout in Slovenia, authorities in the country’s fourth largest city said. Weighing three tonnes and with a diame... More »

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World stocks bask in U.S. jobs data glow

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 7, 2018. REUTERS/Staff/Remote LONDON (Reuters) – World stocks surged to a two-week high on Monday after strong U.S. jobs data at the end of last week helped tak... More »

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Euro gains, dollar drops, as risk appetite revives

FILE PHOTO: A picture illustration of Euro banknotes, April 25, 2014. REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) – The euro gained on Monday and the dollar dropped as last week’s strong U.S. jobs numbers and receding fears over a trade war hel... More »

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Markets clear German hurdle, Italy up next

Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, February 6, 2018. Picture taken with a fisheye lens. REUTERS/Ralph Orlowski LONDON (Reuters) – The revival of Germany’s grand coalition should aid stability and keep the euro zone’s plans for ti... More »

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Asian stocks tumble as Trump sparks global trade war fears

Investors look at computer screens showing stock information at a brokerage house in Shanghai, China February 9, 2018. REUTERS/Aly Song TOKYO (Reuters) – Stock markets in Asia extended Wall Street’s overnight rout on Friday, with investors spooked by the spect... More »

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SEC investigates Overstock token sale, shares slide

The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is investigating Overstock.com Inc’s (OSTK.O) sa... More »

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Asian shares extend global recovery as volatility subsides

TOKYO (Reuters) – Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs. MSCI’s broadest index of Asia-Pacif... More »

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Venezuela cryptocurrency to draw investment from Turkey,…

CARACAS (Reuters) – Venezuela’s new “petro” cryptocurrency will attract investments from Turkey, Qatar, the United States and Europe, the country’s cryptocurrency regulator said on Friday. The government of President Nicolas Maduro, which says the petro will h... More »

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Swedish central banker Floden gets renewed mandate

FILE PHOTO: The sign for Sweden’s central bank is pictured in Stockholm, Sweden, August 12, 2016. REUTERS/Violette Goarant STOCKHOLM (Reuters) – One of the Swedish central bank’s most hawkish rate-setters, Deputy Governor Martin Floden, has had his mandate ext... More »

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Global stocks set for best week in six years, dollar sags

FILE PHOTO: Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany February 28, 2017. REUTERS/Staff/Remote/File Photo LONDON (Reuters) – World shares were set for their best week of gains in... More »

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Stocks try a tentative bounce, bonds fret on U.S. inflation

A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai SYDNEY (Reuters) – Asian share markets found a semblance of calm on Monday as S&P futures extended their ... More »

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Stocks punished as inflation shadow spooks bonds

A man walks past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan February 5, 2018. REUTERS/Toru Hanai SYDNEY (Reuters) – Asian shares fell the most in over a year on Monday as fears of resurgent inflation battered bonds, ... More »

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Bitcoin slides further, headed for worst week since 2013

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo LONDON (Reuters) – Bitcoin fell 9 percent on Friday, leaving the best-known cryptocu... More »

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Asia shares extend bull run, dollar crawls off lows

Asian shares extended their bull run on Monday amid upbeat corporate earnings and strong global economic growth, while the dollar tried to bounce even as the White House continued to complain of "unfair" trade practices by competitors. More »

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I tweet from bed sometimes, Trump says

U.S. President Donald Trump waves as he arrives in Zurich, Switzerland January 25, 2018. REUTERS/Carlos Barria LONDON (Reuters) – U.S. President Donald Trump, who has garnered a large following on social media with rambunctious postings, said he sometimes twee... More »

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‘I am a stable genius,’ Donald Trump says

U.S. President Donald Trump gestures as he delivers a speech during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse LONDON (Reuters) – U.S. President Donald Trump said he was a stable genius and tha... More »

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Currency war is last thing world needs: ECB’s Coeure

DAVOS (Reuters) – Major economies should not target their exchange rates for competitive purposes and discussions among policymakers over currencies should be confined to official fora, European Central Bank board member Benoit Coeure said on Friday. ”The last... More »

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No daylight between Trump, Mnuchin on dollar: official

DAVOS, Switzerland (Reuters) – There is no difference between President Donald Trump’s attitude to the strength of the U.S. dollar and that of Treasury Secretary Steven Mnuchin, a senior administration official said on Friday. “I don’t think there’s any daylig... More »

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World stocks set for 10th straight week of gains, euro jumps

Pedestrians walk past an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan January 4, 2018. REUTERS/Kim Kyung-Hoon LONDON (Reuters) – World stocks were set for their 10th straight week of gains on Friday, while the euro jumped ... More »

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ECB’s Draghi says euro strength is a source of uncertainty

European Central Bank (ECB) President Mario Draghi holds a news conference following the governing council’s interest rate decision at the ECB headquarters in Frankfurt, Germany, January 25, 2018. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – The euro’s recent... More »

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ECB monetary stimulus still needed to push up inflation -Draghi

European Central Bank (ECB) President Mario Draghi holds a news conference following the governing council’s interest rate decision at the ECB headquarters in Frankfurt, Germany, January 25, 2018. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – European Central ... More »

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Dollar wallows near three-year lows on U.S. government shutdown

FILE PHOTO: Sheets of former U.S. President Abraham Lincoln on the five-dollar bill currency are inspected through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo LONDON (Reuters) – The d... More »

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Britain scrambles two Typhoon jets to intercept Russian planes

LONDON (Reuters) – Britain scrambled two Royal Air Force Typhoon jets on Monday from Scotland to intercept Russian planes near the United Kingdom’s airspace, a defense ministry spokesman said. The Typhoons were scrambled from RAF Lossiemouth in Moray, Scotland... More »

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Scotland sees big hit to its economy with no UK Brexit deal

FILE PHOTO – Scotland’s First Minister, Nicola Sturgeon, is seen speaking on the BBC’s Andrew Marr Show in this photograph received via the BBC, in London, Britain January 14, 2018. Jeff Overs/BBC/Handout via REUTERS EDINBURGH (Reuters) – Scotland will suffer ... More »

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Euro hits three-year high as Europe leads global optimism

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, January 10, 2018. REUTERS/Staff/Remote LONDON (Reuters) – The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter polic... More »

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BlackRock CEO Fink shows no signs of entering bitcoin ETF race

FILE PHOTO – Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson/File Photo NEW YORK (Reuters) – BlackRock Inc (BLK.N) has profited by being beating its... More »

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Uproar over crackdown on cryptocurrencies divides South Korea

A man walks past an electric board showing exchange rates of various cryptocurrencies at Bithumb cryptocurrencies exchange in Seoul, South Korea, January 11, 2018. REUTERS/Kim Hong-Ji SEOUL (Reuters) – With a tech-savvy population quick to adopt the latest gad... More »

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Euro soars to three-year high, stocks shatter records

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, January 11, 2018. REUTERS/Staff/Remote LONDON (Reuters) – Record high world stocks headed for an eighth straight week of gains on Friday, while the euro sailed to a t... More »

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Japanese pop group chants cryptocurrency choruses

Members of Japan’s idol group “Virtual Currency Girls” wearing cryptocurrency-themed masks pose after performing in their debut stage event in Tokyo, Japan, January 12, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – A Japanese pop group hopped on the bitcoin b... More »

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Asian shares step back from 2007 peak, oil at three-year high

Men exchange greetings in front of an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan January 4, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Asian shares flinched from testing their 2007 record peak on Wednesday, as invest... More »

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Dollar extends losses vs yen after BOJ tapering talk

FILE PHOTO: Japan Yen and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo TOKYO (Reuters) – The dollar extended losses against the yen on Wednesday after the Bank of Japan’s move to trim Japanes... More »

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Road to bitcoin ETF paved with red tape

A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson NEW YORK (Reuters) – The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to marke... More »

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Italy’s 5-Star says it is no longer time to leave the euro

FILE PHOTO: 5-Star movement leader Luigi Di Maio speaks during the final rally for the regional election in Palermo, Italy, November 3, 2017. REUTERS/Guglielmo Mangiapane ROME (Reuters) – The leader of Italy’s anti-establishment 5-Star Movement which leads opi... More »

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Euro zone factory growth surges to record- more uneven in Asia

FILE PHOTO: A container ship is seen at the shipping terminal Eurokai in the Port of Hamburg, Germany November 6, 2017. REUTERS/Fabian Bimmer/File Photo LONDON/HONG KONG (Reuters) – Euro zone factories ended 2017 growing at their fastest pace in more than two ... More »

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Dollar steady but its funding costs soar ahead of year-end

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration TOKYO (Reuters) – The dollar was little changed against other major currencies on Monday in holiday-thinned trading while the cost of swapping the yen for th... More »

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FANGtastic stocks top vintage year for global markets

Czech crown banknotes are seen in this picture illustration taken in Prague January 18, 2013. REUTERS/David W Cerny LONDON (Reuters) – A 40 percent surge in world tech stocks, a jump of almost a third in emerging markets and double-digit percentage gains for t... More »

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Bitcoin slips below $14,000, down 30 percent from record peak

FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo TOKYO (Reuters) – Cryptocurrency bitcoin tumbled below $14,000 briefly on the Bitstamp exchange BTC=BTSP on Friday, d... More »

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Catalan vote dents euro, upbeat U.S. data lifts stocks

FILE PHOTO: People walk past an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 22, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – The euro dipped on Friday after Catalan separatists wanting to break away from Spain won a... More »

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Dollar edges up, euro slumps after Catalan vote

FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo TOKYO (Reuters) – The dollar edged up on Friday though it remained on track for weekly losses, while the euro slumped after Catalan vo... More »

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5-Star leader says Italy should quit euro unless rules change

FILE PHOTO: 5-Star movement leader Luigi Di Maio speaks during the final rally for a regional election in Palermo, Italy, November 3, 2017. REUTERS/Guglielmo Mangiapane/File Photo ROME (Reuters) – The leader of the anti-establishment 5-Star Movement, Luigi Di ... More »

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U.S. tax cut outlook drives stocks but dents dollar

FILE PHOTO: People walk past an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 22, 2017. REUTERS/Toru Hanai/File Photo LONDON (Reuters) – Global stock markets hit record highs on Monday on expectations that a U.S. tax bill coul... More »

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One large euro zone bank is short of capital: ECB

The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany December 14, 2017. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – One euro zone bank is falling short of the European Central Bank’s capital requirements, the ECB said on Monday, mea... More »

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Dollar dips on U.S. tax reform caution

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) – The dollar dipped against a basket of major currencies on Monday, on caution ahead of a vote in U.S. Congress on... More »

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Britain’s Prince Harry and Meghan Markle to marry on May 19

FILE PHOTO: Britain’s Prince Harry poses with Meghan Markle in the Sunken Garden of Kensington Palace, London, Britain, November 27, 2017. REUTERS/Toby Melville/File Photo LONDON (Reuters) – Britain’s Prince Harry and his American fiancée, Meghan Markle, will ... More »

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Dollar dips against yen- bitcoin surges again

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration LONDON (Reuters) – The dollar slipped to a nine-day low against the yen on Friday, after wrangling in the United States Congress over a bill to change the ta... More »