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Wall Street dips as benchmark US bond yields breach 5%
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Oil set for second weekly gain on Gaza escalation fears
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Analysis-Middle East throws central banks yet more unknowns
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UK online pharmacy Rightangled still selling diabetes drug Ozempic despite govt order
Red October rumbles on as U.S. bond yields touch 5%
Date: October 20, 2023
Red October rumbles on as U.S. bond yields touch 5% By Marc Jones LONDON (Reuters) – Red October rumbled on in world markets on Friday as the sight of U.S. government bond yields hitting 5% for the first time since 2007 amid an increasingly threatening conflict in the Middle East left investors searching for safety....
Sterling at weakest vs euro in five months as retail sales weigh
Date: October 20, 2023
Sterling at weakest vs euro in five months as retail sales weigh LONDON (Reuters) – The pound was at its weakest against the euro in five months on Friday and was also under pressure versus the dollar as weak retail sales data reinforced fears about the health of the British economy. The euro climbed as...
Low-cost EV maker e.GO eyes European, U.S. expansion -CEO
Date: October 20, 2023
Low-cost EV maker e.GO eyes European, U.S. expansion -CEO By Nick Carey LONDON (Reuters) – German electric vehicle maker Next.e.GO Mobile plans to build three new Europe and U.S. microfactories over the next couple of years as it expands production of its low-cost, small urban EVs, its top executive said ahead of the company’s listing...
European shares hit two-week low as dismal earnings add to risk-off mood
Date: October 19, 2023
European shares hit two-week low as dismal earnings add to risk-off mood By Amruta Khandekar and Shristi Achar A (Reuters) -European shares lost ground on Thursday as a raft of downbeat corporate earnings, including from packaged food giant Nestle, worsened the risk-averse mood, driven by jitters around the Middle East war and uncertainty over interest...
Oil mixed as Venezuela sanctions ease, Middle East in focus
Date: October 19, 2023
Oil mixed as Venezuela sanctions ease, Middle East in focus By Laura Sanicola (Reuters) -Oil prices were little changed on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but traders remained nervous that Israel’s military campaign in Gaza could escalate to a regional conflict. Brent futures for...
Wall Street dips as U.S. Treasuries graze 5%, Middle East tensions simmer
Date: October 19, 2023
Wall Street dips as U.S. Treasuries graze 5%, Middle East tensions simmer By Stephen Culp NEW YORK (Reuters) -Wall Street struggled for gains and benchmark U.S. Treasuries reached a new 16-year high as market participants looked ahead to U.S. Federal Reserve Chairman Jerome Powell’s impending remarks against a backdrop of solid earnings, mixed economic data...