China Leaves Lending Benchmark LPRs Unchanged, as Expected

SHANGHAI, Nov 20 Reuters China left benchmark lending rates unchanged at the monthly fixing on Wednesday, after lenders slashed the rates by higherthanexpected margins last month to revive economic activity. WHY IT39;S IMPORTANT The steady monthly loan prime rate LPR fixings come within market expectations, as recent rate cuts squeeze banks39; profitability and the yuan comes under […]
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Drone Maker AeroVironment Seeks Lift from 4.1B Deal for BlueHalo

Nov 19 Reuters AeroVironment will buy space and defense engineering company BlueHalo in an allstock deal valued at about 4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden its portfolio amid rising geopolitical tensions. The company39;s shares, up 56 this year, fell 3.6 in premarket trade. AeroVironment, which makes the Switchblade […]
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BoE Consults on postBrexit Market Infrastructure Rules

LONDON, Nov 19 Reuters The Bank of England said on Tuesday it was launching a consultation on proposed, postBrexit rules for clearing houses, payment system operators and other financial market infrastructure in order to improve transparency. The BoE said the consultation about its new Fundamental Rules represented its first use of new powers to make […]
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UK Stocks Drop as USRussia Tensions Rise over Ukraine

FTSE 100 down 0.4, FTSE 250 off 0.3 Nov 19 Reuters London39;s main stock indexes gave up early gains and turned lower on Tuesday, with the midcap index hitting a more than threemonth low, as geopolitical tensions between Russia and the United States over Ukraine flared up. The exportfocussed FTSE 100 dropped 0.4 after touching a […]
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