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European Shares Open Lower as ChinaExposed Miners Weigh

STOXX 600 down 0.2 Aug 16 Reuters European shares opened lower on Wednesday as Chinaexposed miners led losses following lacklustre economic data from Beijing, while UK stocks were pressured by a higherthanexpected core inflation print. By 0708 GMT, the panEuropean STOXX 600 was down 0.2, after closing at its lowest level in more than a month […]
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Pound Rises as UK Data Supports Case for more Rate Hikes

LONDON, Aug 16 Reuters The British pound was set for its biggest oneday rise against the dollar in a weekandahalf on Wednesday, as latest UK inflation numbers reinforced bets that the Bank of England will likely hike interest rates again. Consumer price inflation slowed to 6.8 in July. But core inflation, which strips out volatile food […]
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South African Rand Inches Up before Retail Sales Data

JOHANNESBURG, Aug 16 Reuters The South African rand inched up in early trade on Wednesday, reversing some of the previous day39;s losses, before the release of retail sales data. At 0708 GMT, the rand traded at 19.1125 against the dollar , about 0.1 stronger than its previous close. The dollar last traded around 0.1 weaker […]
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Oil Falls on China Worries Despite Tighter US Supply

US crude, gasoline stockpiles fall API data US government data on inventories due at 1430 GMT Concerns on China39;s economy remain key price driver Aug 16 Reuters Oil prices edged down on Wednesday, extending a 1 drop in the previous session, as worries about China39;s struggling economy outweighed declining U.S. stockpiles. Brent crude futures slipped […]
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Aviva Eyes Lloyds of London Entry Following H1 Profit Beat

LONDON, Aug 16 Reuters Aviva posted an aboveforecast rise in firsthalf operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the Lloyd39;s insurance market. The life and general insurer, which has businesses in Britain, Canada and Ireland, said it expected to […]
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Barclays Cuts Chinas 2023 GDP Growth Forecast to 4.5

BEIJING, Aug 15 Reuters Barclays cut its forecast for China39;s 2023 gross domestic product GDP growth to 4.5 from 4.9 because of a fasterthanexpected deterioration in the housing market, analysts at the bank said in a note on Tuesday. China39;s economic activity data in July, including retail sales, industrial output and investment, failed to match […]
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