Japan, Britain and Italy to Build Jet Fighter Together

TOKYOLONDON, Dec 9 Reuters Japan, Britain and Italy are merging their nextgeneration jet fighter projects in a groundbreaking partnership spanning Europe and Asia that is Japan39;s first major industrial defence collaboration beyond the United States since World War Two. The deal, which Reuters reported in July, aims to put an advanced frontline fighter into operation by 2035 […]
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Oil Set for 10 Weekly Drop as Demand Worries Dominate

Market structure flips to contango, indicating weak demand Both benchmark contracts set for 10 weekly drops Dec 9 Reuters Oil prices were stable on Friday but both benchmarks were headed for a weekly loss on worries over weak economic outlooks in China, Europe and the United States weighing on oil demand. Brent crude futures were […]
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Sterling Close to Recent Highs Versus Dollar

Dec 9 Reuters The pound was flat against the dollar on Friday but still within striking distance of an almost sixmonth high as investors await major central bank policy meetings next week, including the Bank of England BoE. Economists expect the BoE to add another 50 basis points to Bank Rate next week, despite the […]
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Dollar Pauses ahead of U.S. Data, Fed Meeting Next Week

LONDON, Dec 9 Reuters The dollar was broadly flat against major currencies on Friday as jitters reemerged about the health of the U.S. economy, and ahead of producer inflation data later in the day and a Federal Reserve meeting on interest rates next week. After a spell of relatively scarce marketmoving news, investors are looking […]
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