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Sterling Steadies after Two Consecutive Days of Losses

LONDON, March 25 Reuters Sterling steadied against the dollar and euro on Thursday after two consecutive days of losses prompted by fears that the European Union might ban vaccine exports to Britain, which relies on them for its inoculation campaign. The European Commission, which oversees trade policy for the 27 EU member states, set out […]
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Energy Transition Risks Political Strife in OilProducing States

The transition towards green energy imperils oilproducing states that have lagged in diversifying their economies, United Kingdombased risk consultancy Verisk Maplecroft warned in a report on Thursday. Algeria, Iraq and Nigeria will be among the first casualties of a slowmotion wave of political instability that will engulf an array of oil producing countries over the […]
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FTSE 100 Flat as Mining Stocks Negate Defensive Gains

Londons FTSE 100 was flat on Thursday as weakness in mining and energy stocks countered gains in defensive sectors such as consumer staples and utilities, while Cineworld dropped after reporting an annual loss. The bluechip FTSE 100 index was unchanged, with miners including Rio Tinto, Anglo American and BHP being the biggest drags. Consumer staples […]
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Oil Falls as Demand Concerns Trump Suez Canal Disruptions

Oil prices fell more than 2 as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal. Brent crude futures slid 1.33, or 2.1, to 63.08 a barrel at 0559 GMT, after jumping 6 overnight. U.S. […]
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Indian Shares Fall as Financial, Tech Stocks Weigh

Indian shares fell on Thursday, led by losses in financial and technology companies, as sentiment was weighed by concerns over the economic impact of surging coronavirus cases. The bluechip NSE Nifty 50 index fell 0.5 to 14,479 and the benchmark SP BSE Sensex dropped 0.4 to 48,967.88, as of 0347 GMT. The indexes fell nearly […]
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USD Extends FourMonth High Against EUR on Recovery Outlooks

The dollar hit a fresh fourmonth high against the euro on Thursday as the U.S. pandemic response continued to outpace Europes, which has been hobbled by extended lockdowns and delayed vaccine rollouts. The safehaven greenback held on to most of a broad twoday advance, which has been fuelled by worries ranging from Europes third COVID19 […]
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Japanese Shares End Higher as Tech Weakness Caps Gains

Japanese shares closed higher on Thursday as investors scooped up beatendown cyclical stocks, although gains were capped by technology shares that tracked Nasdaq lower. The Nikkei 225 Index ended 1.14 higher at 28,729.88, ending a fourday losing streak, while the broader Topix jumped 1.4 to close at 1,955.55 after falling in three straight sessions. There […]
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AUD, NZD under Water after Key Chart Bulwarks Breached

SYDNEY, March 25 Reuters The Australian and New Zealand dollars were trying to steady on Thursday as upbeat data on global factory activity helped put a floor under commodity prices, though the technical background looked bleak after breaks of multiple support levels. The Aussie was holding on at 0.7594 and in a precarious position having […]
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