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Sterling at 2-year low against dollar as Boris Johnson hangs on
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‘Enough is enough’: Ex-minister Javid delivers parting blow to PM Johnson
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Oil drops to 12-wk low on recession, COVID-19 worries
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Russian court orders halt to Caspian oil pipeline but exports still flow
Dollar gains, euro falls as energy drives currency swings
Date: July 6, 2022
By Herbert Lash (Reuters) -The dollar rose to fresh 20-year highs on Wednesday and the euro tumbled to a new two-decade low as rising energy prices and potential shortages cast a long shadow over the euro zone’s economy. The dollar index, which tracks the greenback versus a basket of six currencies, shot above 107, while...
Exclusive-Germany’s Delivery Hero, Spanish unit Glovo targeted in EU antitrust raids
Date: July 6, 2022
By Joan Faus and Toby Sterling BARCELONA/AMSTERDAM (Reuters) -German online takeaway food company Delivery Hero and its Spanish business Glovo were raided by European Union antitrust regulators, the companies said on Wednesday, putting them at risk of hefty fines. The European Commission said earlier that online food and grocery delivery companies in two EU countries...
Stocks, oil steadier as investors await Fed minutes
Date: July 6, 2022
By Tom Wilson and Pete Schroeder LONDON/WASHINGTON (Reuters) – U.S. stocks and oil looked to hold steady after steeper losses earlier in the week, as investors processed recession fears and awaited new policy hints from the Federal Reserve. The Dow Jones Industrial Average was up 0.01% in morning trading, while the S&P 500 gained 0.1%...
Forward curve sets contract highs over gas questions
Date: July 6, 2022
PARIS (Reuters) -European forward curve power prices reached contract highs on Wednesday as the German labour union Verdi called for Berlin to step in quickly to rescue utility Uniper, and Germany said there are no plans to pass on higher energy costs to consumers. In France, the government is aiming for a full nationalisation of...
Emerging markets post longest streak of monthly outflows since 2015, IIF says
Date: July 6, 2022
NEW YORK (Reuters) – Emerging markets suffered a fourth straight month of portfolio outflows in June, notching the longest losing streak in seven years, as recession fears and inflation rattled investors, data from the Institute of International Finance showed. June saw non-resident portfolio outflows of $4.0 billion, according to the data published on Wednesday, which...
Not ‘business as usual’ for G20 foreign ministers meeting in Bali
Date: July 6, 2022
By Kate Lamb and David Brunnstrom (Reuters) – G20 foreign ministers travel to the resort island of Bali this week for a meeting that will be overshadowed by the war in Ukraine, with Russia’s attendance creating rifts in the bloc as host Indonesia tries to mediate. The Group of 20 includes Western countries that have...