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Euro Slumps to TwoDecade Lows as Energy Crisis Bites

LONDON, Aug 23 Reuters The euro hit a fresh twodecade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain. China39;s yuan weakened to a twoyear low, while sterling briefly touched its weakest since March 2020. Business activity […]
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Indian Shares End Higher in Volatile Trading

BENGALURU, Aug 23 Reuters Indian shares closed higher on Tuesday, swinging between gains and losses through the session, while IT stocks continued to weigh on sentiment. The NSE Nifty 50 index ended 0.5 higher at 17,577.5, after falling as much as 0.8 in the session. The SP BSE Sensex rose 0.4 to 59,031.3. The Nifty 50 index […]
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Sterling Slightly Up Versus Dollar after PMI Data

Aug 23 Reuters Sterling was slightly higher against the dollar on Tuesday after Purchasing Managers39; index PMI data from Britain showed that business activity slowed roughly in line with expectations. The PMI composite flash estimate dropped to 50.9 in August from 52.1 in July. Economists polled by Reuters had forecast the index would fall to […]
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Qatar Leads most Gulf Indexes Lower on Recession Worries

Aug 23 Reuters Most stock markets in the Gulf ended lower on Tuesday as risk appetite was dampened by recession fears and volatile energy prices, with the Qatari index underperforming the region. Asian shares were down for a seventh straight session after a renewed spike in European energy prices stoked fears of recession and pushed […]
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Chinas JD.com Beats Quarterly Revenue Estimates

Aug 23 Reuters Chinese ecommerce giant JD.com Inc, beat Wall Street estimates for quarterly revenue on Tuesday as lockdowns in China to control the coronavirus boosted online shopping and the company39;s 618 shopping event. The company reported secondquarter revenue of 267.6 billion yuan 39.07 billion, up 5.4 year on year, topping analysts39; average estimate of […]
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Ryanair Nudges Up Passenger Target as Adds more UK Flights

DUBLIN, Aug 23 Reuters Ryanair on Tuesday nudged up its fullyear forecast for passenger numbers after adding more flights to its UK winter schedule in response to cuts by IAGowned rival British Airways. Europe39;s largest airline by passenger numbers expects to fly 166.5 million passengers in the year to the end of March, up from a previous […]
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