Sterling Slips as BoE Says Recovery Outlook Still Unclear

LONDON, March 18Reuters Sterling slipped against the dollar and cut some of its earlier gains versus the euro on Thursday as the Bank of England warned the outlook for Britains recovery remained unclear, dampening some speculation the bank would signal a more confident outlook. The BoE kept unchanged its interest rates and its 895 billionpound […]
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Indias Kalyan Jewellers IPO Loses Shine, Sees Tepid Demand

BENGALURU Reuters Kalyan Jewellers India Ltds initial public offering was oversubscribed by just 1.28 times on Thursday, a sign of tepid interest among investors unimpressed by the jewellers recent financial results and spooked by a drop in gold demand. The numbers compare unfavourably to other listings this year, including for paint maker Indigo Paints Ltd, […]
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Britain to Shake Up How Companies are Run and Audited

Britain proposed weakening the market grip of Big Four auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors would have to repay bonuses if their company went bust or serious failings came to light, and dividends and bonuses would have to be stopped […]
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Euro Zone govt Bond Yields Track U.S. Treasuries Higher

Euro zone government bond yields rose on Thursday, with Germanys 30year yield rising to its highest in more than a year, tracking U.S. Treasuries as markets focused on uncertainty about the outlook for inflation. The Federal Reserve said it expected higher economic growth and inflation in the U.S. this year and repeated its pledge to […]
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