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Dollar surge leaves trail of destruction
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Miners, earnings lift European stocks at end of choppy April
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Miners, strong earnings drive FTSE 100 higher; BoE meeting now in focus
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Russian cenbank supports merger of sanctioned banks Otkritie and VTB
Russia lowers key rate sharply to 14%, eyes more cuts
Date: April 29, 2022
(Reuters) -Russia’s central bank lowered its key interest rate to 14% in a sharper-than-expected move on Friday and said it saw room to cut rates further this year, as it tries to manage a shrinking economy and soaring inflation. The central bank met after it unexpectedly cut the key rate to 17% earlier in April....
EU ministers to set out on long road to complete banking union
Date: April 29, 2022
By Christian Kraemer and Jan Strupczewski BERLIN/BRUSSELS (Reuters) – European Union finance ministers will take a step towards completing the bloc’s banking union on Tuesday by agreeing on a long roadmap of when and how to agree on the still missing elements, a draft statement of the ministers showed. The EU’s banking union, launched at...
Exxon earnings hurt by Russia exit, triples buybacks on high oil prices
Date: April 29, 2022
By Sabrina Valle and Shariq Khan (Reuters) – Exxon Mobil Corp said on Friday it doubled its first-quarter per-share profit, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia. The top U.S. oil producer tripled the size of its buyback program, similar to other...
Pope mandates annual audit on protection of children from abuse
Date: April 29, 2022
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Friday asked for an annual audit evaluating how national Catholic Churches are implementing measures to protect children from clergy sexual abuse, saying that without more transparency the faithful will continue to lose trust. “Abuse in any form is unacceptable,” Francis told members of the Pontifical...
‘Entry only. No exit:’ Beijing sees more COVID closures as anger grows in Shanghai
Date: April 29, 2022
By Martin Quin Pollard and David Stanway BEIJING/SHANGHAI (Reuters) -China’s capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, while resentment at the month-long lockdown in Shanghai grew. In the finance hub, fenced-in people have been protesting against the lockdown and difficulties in...
Sterling set for biggest monthly drop since October 2016 vs dollar
Date: April 29, 2022
(Reuters) -Sterling rose against the dollar on Friday but was still set for its sharpest monthly drop since October 2016, while edging higher against the euro. The greenback slipped from 20-year highs against a basket of currencies on Friday but remained on track for the best month in seven years on concerns about the global...