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FTSE 100 up as AstraZeneca gains offset commodity losses
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Tennis-Murray returns to Britain’s Davis Cup squad
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SAS bridge financing keeps survival hopes airborne, shares climb
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European shares edge higher on healthcare lift, weak China data stokes worries
Prince Harry and Meghan to visit Britain next month
Date: August 15, 2022
LONDON (Reuters) – Prince Harry and his wife Meghan will visit Britain and Germany in the first week of September as part of their work with charities, a spokesperson for the couple said on Monday. The couple joined the royal family at a thanksgiving service in London in June as part of Queen Elizabeth’s Platinum...
China regulator says Alibaba, Tencent have submitted app algorithm details
Date: August 15, 2022
SHANGHAI (Reuters) – China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms. The rules are part of a broad regulatory crackdown by Beijing against its...
Sterling falls vs dollar as focus turns to UK data
Date: August 15, 2022
LONDON (Reuters) – The British pound fell on Monday against a broadly stronger dollar at the start of a week where traders and the Bank of England (BoE) will get the latest insight into the strength of the labour market and price pressures. Focus is on jobs data on Tuesday and inflation figures on Wednesday,...
Rouble falls past 61 vs dollar as conversion of depository receipts begins
Date: August 15, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble slid past 61 to the dollar on Monday as the conversion of depository receipts in Russian companies to local shares got underway and as foreign investors from designated “friendly” countries were able to...
Stocks struggle as China rate cut sends oil tumbling
Date: August 15, 2022
By Huw Jones LONDON (Reuters) – Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world’s second largest economy, sending oil prices nearly 2% lower. Weaker U.S. stock index futures also weighed on sentiment, while a steadier...
Chinese developers in ‘survival mode’ slash property investment
Date: August 15, 2022
BEIJING (Reuters) -Chinese developers in “survival mode” sharply cut property investment in July while new construction starts suffered their biggest fall in nearly a decade, suggesting the liquidity-challenged sector is not about to turn the corner anytime soon. China’s property market, accounting for about a quarter of the economy, has been trapped in a capital...