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...She finished the race in 32 seconds, 19 seconds behind the rest of the pack. But she bagged a single point for the team simply by crossing the line....
...With about half of Kenya’s total public debt being external, estimated at 32.2 per cent of gross domestic product, “exposure to foreign currency risk remains high”, the World Bank warned last month....
...Crypto lender BlockFi, which is now bankrupt, in February agreed to pay $100mn to settle with the SEC and 32 states over claims of offering unregistered securities....
...Elsewhere in currencies, the Japanese yen weakened to ¥149.07 against the dollar, a 32-year low. The US dollar index, which measures the currency against a basket of rivals, slipped 0.8 per cent....
..., among other things, Ishan was using a phone with a non-U....
...In currencies, the pound slipped 0.4 per cent lower against the dollar to $1.20 and 0.4 per cent against the euro to €1.18....
...In 2016, he joined Uniqlo as artistic director of its Paris research and development centre and the Uniqlo U line (Uniqlo’s parent company Fast Retailing has had a minority stake in Lemaire since 2018)....
...Germany’s 10-year Bund yield rose 0.03 percentage points to about minus 0.03 per cent and Italy’s equivalent bond yield rose about 0.05 percentage points to 1.32 per cent....
...The 10-year US break-even inflation rate, a measure of inflation expectations, fell 0.05 percentage points to 2.32 per cent. Stock markets were subdued on Wednesday....
...Macro funds, made famous by the likes of George Soros and Paul Tudor Jones, bet on moves in global bond, currency and stock markets....
...When the government forced a shutdown to contain the risk to the healthcare system, we saw a historic rise in the U.S. Unemployment Rate (Figure 4) and a collapse in nearly every economic data series....
...In Asia, markets also rose following the data release and China’s currency, the renminbi, strengthened to a six-month high....
...Europe and the U.S....
...In lunchtime trade in New York, the yield on the policy-sensitive two-year US Treasury was up 2.4bp at 1.80 per cent, while that on the benchmark 10-year Treasury rose 0.8bp to 2.05 per cent....
...We also believe Tele2 is set to deliver impressive 7% EBITDA growth in 2021, as the headwinds of 2020 reverse. Telia: u/g to Neutral – cash flows, dividends have bottomed....
...Royal Mail of all things is leading the FTSE 250 gainers after Vesa Equity Investment declared a 5.35 per cent stake, up from the 3.05 per cent it revealed in March....
...For FY20, we cut yields by -32% and expect a net EPS loss of USD6.91 using our operational gearing assumptions and a phased restart in August....
...Sterling moved away from $1.32 — a level which depends on the UK avoiding a hard Brexit according to a range of analysts....
...Our models agree, and for Europe we take it down to -32% in 2020 and +25% in 2021....
...the German 10-year Bund of minus 0.32 per cent....
...currency basis....
...Constant currency sales growth in Europe of 8 per cent also disappointed due to lacklustre demand in France and Germany....
...At the moment, one-year bonds are offering up to 2.05 per cent, two-year bonds up to 2.32 per cent and three-year bonds 2.42 per cent....
...Argentina, which has seen a similar currency sell-off in recent weeks, raised rates to 60 per cent last week in an attempt to halt the slide in the peso....
...The latest push higher for eurozone yields and the single currency came in spite of data showing a fourth successive monthly fall in German industrial orders....
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