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Dollar demand persists even as stocks recover

Dollar demand persists even as stocks recover

By Elizabeth Howcroft LONDON (Reuters) – Currency markets still showed signs of caution on Wednesday, with the safe haven dollar..

Eyeing IPO, Volvo Cars to take full control of its Chinese business

Eyeing IPO, Volvo Cars to take full control of its Chinese business

By Niklas Pollard and Yilei Sun STOCKHOLM/BEIJING (Reuters) -Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Hol..

Germany sets out flood relief funding, hopes of finding survivors fade

Germany sets out flood relief funding, hopes of finding survivors fade

By Kirsti Knolle and Riham Alkousaa BERLIN (Reuters) -A relief official dampened hopes on Wednesday of finding more survivors in the r..

SoftBank’s robotics ambitions short circuit as Pepper loses power

SoftBank’s robotics ambitions short circuit as Pepper loses power

By Sam Nussey TOKYO (Reuters) -When SoftBank Group Corp’s CEO Masayoshi Son unveiled the wide-eyed android Pepper in 2014, he pa..

Oil retreats on surprise rise in U.S. stocks, weakening demand outlook

Oil retreats on surprise rise in U.S. stocks, weakening demand outlook

By Sonali Paul and Roslan Khasawneh SINGAPORE (Reuters) -Oil prices fell on Wednesday after an industry report showed an unexpected bu..

Lehman Brothers trader to fintech billionaire: Revolut’s Nikolay Storonsky

Lehman Brothers trader to fintech billionaire: Revolut’s Nikolay Storonsky

LONDON (Reuters) – British-based banking app Revolut’s latest $33 billion valuation, achieved after a fresh funding round,..

Stocks on worst run in 18-months amid global COVID-19 surge

Stocks on worst run in 18-months amid global COVID-19 surge

By Marc Jones LONDON (Reuters) – Risk-aversion ruled on Monday as a surge in worldwide coronavirus cases drove down bond yields ..

British pound drops as investors seek safety on ‘Freedom Day’

British pound drops as investors seek safety on ‘Freedom Day’

LONDON (Reuters) – Sterling fell to a three-month low on Monday even as most COVID-19 restrictions in England were lifted, as a ..

Inflation and the Bank of England: what its rate-setters are saying

Inflation and the Bank of England: what its rate-setters are saying

LONDON (Reuters) – Some Bank of England officials say the time is approaching for action to fend off higher inflation as Britain..

Risk FX retreat catapults dollar to 3-month top as reflation doubts reemerge

Risk FX retreat catapults dollar to 3-month top as reflation doubts reemerge

By Ritvik Carvalho LONDON (Reuters) – Currencies such as the Australian dollar, the Canadian dollar, Norway’s crown and Br..