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Euro Falling Towards Parity Pain Point

LONDON, July 5 Reuters A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European gas prices worsen economic growth fears. Analysts predict the single currency, which on Tuesday hit its weakest since 2002, will soon fall to […]
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UK Markets Get Set for Weary Wait after Latest Political Drama

SINGAPORE, July 6 Reuters Britain39;s stock markets were set to recover on Wednesday after their worst singleday drubbing in three weeks, even as investors braced for months of political uncertainty and questions over the survival of a scandalhit prime minister. Stock futures on the benchmark FTSE 100 index suggested markets might rally more than a percent […]
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Exxon Profit Set to Soar again; White House Wants more Oil

HOUSTON, July 5 Reuters Wall Street analysts sharply increased their Exxon Mobil Corp secondquarter profit estimates on Tuesday, after the largest U.S. oil producer projected it could almost double its firstquarter earnings. Exxon39;s preview, released on Friday, signaled strong results ahead by oil companies and refiners and brought renewed criticism from the White House and fresh […]
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RBA Raises Rates for Third Month, still more to Come

SYDNEY, July 5 Reuters Australia39;s central bank on Tuesday raised interest rates for a third straight month and flagged more ahead as it struggles to contain surging inflation even at the risk of triggering an economic downturn. Wrapping up its July policy meeting, the Reserve Bank of Australia RBA lifted its cash rate by 50 […]
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