NEW YORK (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to suspend the federal government’s $31.4 trillion debt ceiling,[...]
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May 29, 2023
Analysis-Debt deal welcomed by investors, though risks loom
By Laura Matthews, Chibuike Oguh and Herbert Lash (Reuters) -Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers str[...]
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Turkish lira hits record low, stocks gain after Erdogan secures re-election
By Canan Sevgili and Libby George LONDON/GDANSK (Reuters) -Turkey’s lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Tayyip Erdogan secured victory[...]
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HSBC to rename British arm of Silicon Valley Bank next month- Sky News
(Reuters) – HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday. The British government and the Bank of[...]
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India files graft case against BAE Systems, Rolls-Royce
By Krishn Kaushik NEW DELHI (Reuters) -India has filed a graft case against Britain’s BAE Systems plc and Rolls-Royce Holdings for “criminal conspiracy” in the procurement and licens[...]
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Cathay Pacific nears Boeing 777-8F freighter order -sources
By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Cathay Pacific Airways Ltd is close to placing an order worth around $2 billion for Boeing 777-8F freighters as the Hong Kong carrier emba[...]
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Kenya and Russia to sign trade pact, President Ruto says
NAIROBI (Reuters) – Kenya will sign a trade pact with Russia aimed at boosting cooperation between businesses, President William Ruto’s office said on Monday, after hosting Russian Foreign[...]
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European shares slip, but debt ceiling deal buoys U.S. futures
By Elizabeth Howcroft LONDON (Reuters) -European stock indexes edged lower on Monday and euro zone bond yields dropped, but news that the U.S. had reached a debt ceiling deal over the weekend kept Wal[...]
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Dollar nudges lower as U.S. debt ceiling deal dents safe-haven appeal
By Dhara Ranasinghe LONDON (Reuters) – The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and d[...]
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