Sterling Slips after Data Shows UK Manufacturers Cut Prices

LONDON, Jan 25 Reuters Sterling fell against the dollar and the euro on Wednesday after data showed British manufacturers unexpectedly lowered their prices in December, which suggested inflation may be easing, ahead of next week39;s Bank of England policy meeting. The pound was down around 0.37 to 1.22950, and down 0.15 against the euro at […]
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Stocks Pause near FiveMonth Peaks on Note of Caution

LONDON, Jan 25 Reuters World stocks paused near fivemonth highs on Wednesday, as signs that central banks might need to keep hiking interest rates for longer dampened a recent wave of optimism that aggressive monetary tightening by big central banks was almost done. Australia39;s dollar shot up to its highest in over five months after […]
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Dollar Edges Higher as Traders await Fed Decision

LONDONSINGAPORE, Jan 25 Reuters The dollar ticked up on Wednesday in subdued trading as investors looked towards the Federal Reserve39;s policy decision next week, while the euro slipped from near a ninemonth high. The euro was down 0.12 against the dollar at 1.088, just off the 1.093 level reached on Friday, which was the highest […]
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London Stocks Rise as EasyJet Flies High after Results

Airline stocks jump on EasyJet results Aviva rises as it maintains dividend UK factories cut prices in December FTSE 100 up 0.1, FTSE 250 adds 0.5 Jan 25 Reuters UK shares rose on Wednesday, as upbeat earnings from airline EasyJet and insurer Aviva helped outweigh worries about Britain39;s gloomy economic outlook and further interest rate […]
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Tech Drags European Stocks Lower on Earnings Jitters

Tech, telecom stocks lead declines German business morale brightens further in Jan Rheinmetall hits record high Jan 25 Reuters European stocks slipped on Wednesday as lacklustre results from U.S. software giant Microsoft weighed on the broader technology sector, while signs of improving economic outlook in the euro zone fed into worries about further interest rate […]
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Nidec Shares Slide 7 after Profit Forecast Cut

TOKYO, Jan 25 Reuters Shares in Japan39;s Nidec Corp slumped as much as 7 on Wednesday morning in Tokyo after the electric motor maker nearly halved its fullyear profit forecast on a slow recovery of the car industry and due to expenses from a restructuring push. After markets closed on Tuesday, the company announced a 48 cut to […]
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NYSE Glitch Leads to Busted Trades, Prompts Investigation

NEW YORK, Jan 24 Reuters A glitch at the New York Stock Exchange prevented the opening auctions for a slew of stocks on Tuesday, prompting widespread trading halts, confusion over whether orders were being filled at correct prices, and trades in more than 250 securities being busted. The NYSE, which is owned by Intercontinental Exchange […]
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Lonza to Buy Back 2.17B Worth of Shares, Backs MidTerm Growth

Jan 25 Reuters Lonza on Wednesday said it will buy back shares worth 2 billion Swiss francs 2.17 billion, despite an expected drop in annual margins, as the Swiss drug contract manufacturer backed its growth prospects for the near future. Lonza expects its 2023 core earnings before interest, depreciation and amortization, or EBITDA margin, to slip […]
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