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Asian shares end the week with a whimper, yen back to intervention watch
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Swiss National Bank presses ahead as rate cutting front-runner
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Analysis-UK markets jolted back to life by rate cut hopes, election buzz
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Accenture forecasts 2024 revenue growth above estimates on AI demand
Italy boosts crypto risk oversight and toughens sanctions, draft shows
Date: June 20, 2024
Italy boosts crypto risk oversight and toughens sanctions, draft shows ROME (Reuters) – Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters showed on Thursday. The decree, due to be approved by cabinet later on...
Morning Bid: Bailey likely to bail on rate change
Date: June 20, 2024
Morning Bid: Bailey likely to bail on rate change A look at the day ahead in European and global markets from Ankur Banerjee British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank of England to cut interest rates – just not...
Credit Suisse collapse showed weakness in regulatory framework: SNB
Date: June 20, 2024
Credit Suisse collapse showed weakness in regulatory framework: SNB ZURICH (Reuters) – The collapse of Swiss bank Credit Suisse last year has highlighted weaknesses in the regulatory framework, the Swiss National Bank said on Thursday. “The SNB shares the Federal Council’s view concerning need for action in the areas of capital requirements, liquidity requirements, early...
Asian stocks hold on to gains; BoE in focus
Date: June 20, 2024
Asian stocks hold on to gains; BoE in focus By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks took a breather on Thursday, hovering near their highest in two years as traders waited for more U.S. policy clues, while sterling was steady before a Bank of England meeting where rates are expected to remain unchanged. Apart...
UK election pledges fall short of $48 billion health funding gap, think tank says
Date: June 20, 2024
UK election pledges fall short of $48 billion health funding gap, think tank says LONDON (Reuters) – Election pledges by Britain’s governing Conservatives and the opposition Labour Party do not set out how they plan to meet a 38 billion pound ($48 billion) funding shortfall in the National Health Service (NHS) in England, a report...
British review of “politically exposed” bank clients put off until election
Date: June 19, 2024
British review of “politically exposed” bank clients put off until election LONDON (Reuters) – Britain’s financial watchdog will wait until after next month’s national election to publish its review into how banks conduct mandatory extra checks on “politically exposed” customers and their families for money laundering risks. The review had been due to be published...