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Feds Less Hawkish Tone Triggers Dollar Correction

Last night the US Fed raised its rate by 50 bp and announced the looming start of asset sales from its balance sheet. The market expected these things, but the details and forecasts were a little less hawkish, which played against the dollar and favoured the equity market. We should expect that the markets adjustment […]
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Shell Posts Quarterly Profit, Lifted by Energy Price Surge

Shell adjust earnings hits 9.1 billion Results boosted by strong oil and gas trading Retains some exposure to Russia LONDON, May 5 Reuters Shell on Thursday reported a record firstquarter profit of 9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division. The last of the […]
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Credit Suisse Froze 10.6B Worth of Sanctioned Assets in Q1

ZURICH, May 5 Reuters Credit Suisse froze 10.4 billion Swiss francs 10.63 billion of wealthy clients39; assets in the first quarter under sanctions imposed in connection with Russia39;s invasion of Ukraine, the bank39;s financial report showed on Thursday. The Swiss bank39;s financial report gave more details of its firstquarter results, which were originally published last week.  […]
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Binance Registers with France Crypto Regulator

LONDONPARIS, May 4 Reuters Cryptocurrency exchange Binance has registered with France39;s market regulator, Chief Executive Officer Changpeng Zhao said in a tweet on Wednesday, advancing the company39;s plan to make Paris its European base. It39;s a real stamp of quality, said Binance France39;s General Manager David Prinçay, referring to the registration with the regulator, AMF. […]
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Rio Tinto Keen for Talks to Revive Serbian Lithium Project

Serbia blocked mine after mass environmental protests Rio says Jadar has impeccable environmental credentials Rio says Jadar offers big economic opportunity for Serbia MELBOURNE, May 5 Reuters Rio Tinto is eager to reopen talks with the Serbian government about its 2.4 billion Jadar lithium project, which was blocked ahead of the country39;s recent election, the company39;s […]
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UK Factory Activity Edges Up from Marchs OneYear Low

LONDON, May 3 Reuters British factory activity edged up in April after slowing to its weakest in just over a year in March following Russia39;s invasion of Ukraine, but manufacturers were wary about the outlook as costs leapt and demand faltered, a survey showed on Tuesday. The SP GlobalCIPS manufacturing Purchasing Managers39; Index PMI rose […]
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