Swiss Gold Imports from Russia fall in June

ZURICH, July 19 Reuters Switzerland imported 284 kg of gold worth around 16 million from Russia in June, customs data showed on Tuesday, down from more than 3 tonnes worth some 200 million in May. The shipments have raised questions about whether Swiss firms may be helping finance Moscow39;s invasion of Ukraine something Switzerland39;s major […]
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UK Jobs Boom Defies CostofLiving Squeeze

Employment 296k vs Reuters poll forecast 170k Jobless rate holds at 3.8 despite expectations for a rise More people return to labour market Regular pay growth edges up but lags far behind inflation Bank of England watching for inflation heat in jobs market LONDON, July 18 Reuters The number of people in work in Britain […]
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Investor Pessimism Worst since 2008 Crisis, BofA says

LONDON, July 19 Reuters Expectations of global growth and corporate profits have plunged to a record low, according to a monthly BofA fund manager survey with cash levels rising to their highest in more than two decades as investors cut their exposure to risky assets. Conducted from July 815 among nearly 300 investors overseeing 800 […]
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Pound Rallies vs Dollar, Data Suggests BoE has Room to Hike

LONDON, July 19 Sterling strengthened against a broadly struggling dollar but fell against a firmer euro on Tuesday, with domestic politics still in the spotlight and the latest data suggesting the costofliving squeeze had not yet hit demand for staff in Britain. Data showed Britain39;s unemployment rate holding at 3.8 in the three months to […]
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Euro Zone Bond Yields Lower, Italy Remains in Focus

LONDON, July 19 Reuters Euro zone government bond yields edged down on Tuesday, as bond markets took comfort from a pullback in lofty gas prices while keeping one eye on how political turmoil in Italy unfolds. And with the European Central Bank expected to lift interest rates for the first time since 2011 when it […]
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