German Industrial Output Falls Less than Expected in March

May 8 Reuters German industrial production declined in March, although less than expected thanks to construction, data from the federal statistics office showed on Wednesday. Industrial production fell by 0.4 compared to February, a smaller decline than the 0.6 fall predicted by analysts polled by Reuters. The less volatile threemonth on threemonth comparison showed production […]
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Pound Hunkers Down ahead of Bank of England Decision

LONDON, May 8 Reuters The pound eased on Wednesday ahead of a Bank of England decision on interest rates at which analysts expect the central bank to telegraph when investors can expect borrowing costs to begin to decline. Sterling was down 0.13 on the day at 1.2493. The pound also slipped against the euro, which […]
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Dollar Regains Momentum as Yen Loses Ground

SINGAPORE, May 8 Reuters The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen weakened past 155 per dollar and kept intervention risks from Tokyo high. The yen fell 0.3 to 155.16 per dollar, edging away […]
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Sterling Slips as Markets Add to 2024 BoE Rate Cut Bets

LONDON, May 7 Reuters The British pound edged lower against the U.S. dollar on Tuesday before the Bank of England39;s policy announcement on Thursday as markets moved to fully price in two quarterpoint rate cuts this year. A survey of economists polled by Reuters expects the BoE to keep interest rates unchanged when it announces its decision […]
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OpenAI to Launch Tool to Detect Images Created by DALLE 3

May 7 Reuters OpenAI is launching a tool that can detect images created by its texttoimage generator DALLE 3, the Microsoftbacked startup said on Tuesday amid rising worries about the influence of AIgenerated content in this year39;s global elections. The company said the tool correctly identified images created by DALLE 3 about 98 of the time […]
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