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Copper Falls as Dollar Firms on Higher U.S. Yields

HANOI, March 19 Reuters Copper prices fell on Friday as the dollar firmed on the back of rising U.S. Treasury yields, making greenbackpriced metals more expensive for holders of other currencies. Threemonth copper on the London Metal Exchange was down 0.9 to 8,973.50 a tonne by 0542 GMT, while the mosttraded May copper contract on […]
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FINMA says UBS, CS Group Improve Emergency Planning

ZURICH, March 19 Reuters Big Swiss banks UBS and Credit Suisse have strengthened plans for how they would stabilize themselves in a financial crisis, Swiss financial markets watchdog FINMA said on Friday, though it said there is still work to be done. FINMA continues to regard the Swiss emergency plans of the global systemically important […]
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Japans Nikkei Dips on BOJs ETF purchase plan

TOKYO, March 19 Reuters Japans benchmark Nikkei index fell while the broader Topix hit a 30year high, as the Bank of Japan BOJ said it would only buy Topixlinked exchange traded funds after a review of its policy framework. The Nikkei share average closed 1.41 lower at 29,792.05, while the broader Topix inched up 0.18 […]
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Autonomous Driving Startup Momenta Raises 500M from SAIC

BEIJING Reuters Chinese autonomous driving startup Momenta said on Friday it has received 500 million from SAIC Motor, Toyota Motor and auto parts supplier Bosch, as the global auto industry pursues the autonomous future. Other investors in the funding round include Daimler AG, Temasek, Yunfeng Capital and Tencent, Momenta said in a statement. It did […]
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BOJ Widens Band Around LongTerm Rate Target

TOKYO, March 19 Reuters The Bank of Japan on Friday widened the band at which it allows longterm interest rates to move around its target, as part of a raft of measures to make its ultraeasy policy more sustainable amid a prolonged battle to fire up inflation. As widely expected, the BOJ kept intact its […]
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Australia, NZ dlrs Caught out by Oil Spill, Soft Data

SYDNEY, March 19 Reuters The Australian and New Zealand dollars were on the defensive on Friday after a plunge in oil prices spilled over into other commodities, while domestic economic data turned soft and broke a run of strong releases. A spike in Treasury yields to 14month highs also underpinned the U.S. dollar while slugging […]
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USD Down as Fed keeps Rate Forecasts Unchanged

Rates as of 0500 GMT Market Recap Yesterdays meeting of the Federal Open Market Committee FOMC, the ratesetting body of the US central bank, clarified how the group will react to changes in the economic picture in the context of its new flexible average inflation targeting FAIT framework. This new reaction function requires a much […]
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