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Sinn Fein eyes watershed win as polls close in N.Ireland
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Euro zone bailout fund offers to host revolving fund to deal with shocks
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Dollar index hits 20-year high, sterling tumbles on dovish BoE
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Struggling British pig industry calls for Tesco to step-up
Beijing nervously returns to work as China doubles down on ‘zero-COVID’ policy
Date: May 5, 2022
By Eduardo Baptista and Andrew Galbraith BEIJING/SHANGHAI (Reuters) -Beijing residents tentatively returned to work on Thursday after a muted five-day Labour Day holiday devoid of the usual trips across the country or lavish family dinners, as China pledged to fight any criticism of its uncompromising “zero-COVID” policy. The long break is usually one of the...
Virgin Money profits jump, shares slip on cautious outlook
Date: May 5, 2022
By Shanima A and Iain Withers (Reuters) -British bank Virgin Money posted a jump in half-year profits, but disappointed some investors by not announcing a share buyback plan, sending its shares down 10%. The lender, born out of the merger of CYBG and Virgin Money, said on Thursday it was boosted by strong credit card...
Euro zone yields rise, tracking moves in U.S. Treasuries
Date: May 5, 2022
By Stefano Rebaudo and Yoruk Bahceli (Reuters) -Euro zone borrowing costs were up on Thursday as a jump in U.S. Treasury yields the day after the Federal Reserve policy meeting outweighed dovish signals from the Bank of England. The yield on 10-year Treasury notes was up 13 basis points to 3.074% following a volatile day...
Italy sets aside more money to boost capital at Monte dei Paschi – sources
Date: May 5, 2022
By Giuseppe Fonte ROME (Reuters) – Italy is beefing up a 1.5-billion-euro ($1.6 billion) money pot destined for state-owned bank Monte dei Paschi di Siena (MPS), three sources close to the matter said, adding it was still unclear by how much it would increase it. The sources said that MPS would get part of 925...
Exclusive-Brookfield taps banks to sell out of French towers firm TDF -sources
Date: May 5, 2022
By Pamela Barbaglia and Andres Gonzalez LONDON (Reuters) -Canada’s Brookfield Asset Management is working with banks to sell its 45% stake in French towers firm TDF Group as it seeks to capitalize on growing demand for key infrastructure assets across Europe, sources told Reuters. Brookfield has drafted in Citigroup and Credit Suisse to work on...
Chinese, Russian cenbanks to discuss use of national payment systems
Date: May 5, 2022
(Reuters) – The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing’s envoy to Moscow told the TASS news agency in an interview published on Thursday. “Regarding the promotion and use of the Mir and China UnionPay national payment systems in both countries,...