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...Currency markets continued to price in the prospect of US interest rates remaining elevated for longer than previously expected....
...AstraZeneca has also sought to justify the changes by saying it is competing with US rivals. Like many European pharmaceutical companies, it makes a large proportion of sales in the US....
...at Z$36,000 to the dollar....
...CCData found that the average 30-day rolling annualised volatility during non-US trading hours is just over 40 per cent, compared with an average of 36 per cent in US hours....
...The world’s largest money manager reported a 36 per cent year-on-year jump in net income to $1.57bn in its fiscal first quarter, on an 11 per increase in revenue to $4.7bn....
...Expectations of fewer US rate cuts have also sparked a slump in emerging market currencies against the dollar, prompting interventions by Asian central banks, including Indonesia and South Korea....
...The dollar strengthened against Asian currencies on Monday, driven by expectations for US inflation data this week and figures over the weekend showing worsening deflation in China....
...Nigeria blocked access to several of the world’s largest cryptocurrency trading platforms, to try to halt the slide in its currency, the naira....
...The EU’s Markets in Crypto Assets will start taking effect towards the latter half of the year; in the US half the CFTC’s actions last fiscal year were taken against digital assets....
...It is followed in third spot by the Singapore-based logistics and transportation company ISO Tank Management, which has a 286 per cent CAGR....
...A measure of the dollar’s strength against a basket of six other currencies held steady, little changed after data showed the US economy grew 3.3 per cent in the last quarter of 2023, much more than economists...
...On a visit to Nigeria last week, US secretary of state Antony Blinken mentioned that the inability to repatriate capital was an “impediment” to American investors maximising opportunities in Nigeria....
...Its hold on the crypto derivatives market has shrunk from 64 per cent in December 2022 to 48 per cent. Teng said that the exchange’s fortunes were reviving after reaching deals with US authorities....
...The bank has targeted 36 per cent inflation for 2024, well below the 64 per cent seen in December. Stick to that and perhaps then he can slow that revolving door in front of his office....
...The smallest of the Big Four, KPMG brought in revenues of $36.4bn in the 12 months to the end of September, representing local currency growth of 8 per cent....
...Ukraine’s central bank announced on Monday that it would drop the national currency’s peg of 36.57 to the US dollar, which was imposed after Russia launched its full-scale invasion in early 2022....
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...Goldman warned that it would “moderate” the pace of share buybacks in the final three months of 2023 owing to the uncertainty concerning proposed new US capital rules, which in their current form would increase...
...Prudential, which is domiciled in the UK and jointly listed in London and Hong Kong, shed its US and European operations to focus on Asia and Africa in a sweeping restructure that completed in late 2021....
...More recently the renminbi has appreciated but that is in line with other currencies as the US Federal Reserve shifted to a less hawkish tone on interest rates....
...Elsewhere, the dollar rose 0.5 per cent against a basket of six peer currencies while yields on rate-sensitive two-year Treasuries jumped 0.08 percentage points to 4.64 per cent....
...The audited report shows 36% of assets held in treasuries, 56% in repurchase agreements, and 9% in cash. Overall, 5% of assets are cash held outside the CRF at regulated financial institutions....
...Under the proposal, announced last weekend, the Della Valle family will retain their majority but reduce their stake from 64 to 54 per cent, while L Catterton will take a 36 per cent stake in Tod’s and LVMH...
...In total, she delivered some 36.5 percentage points in interest rate rises — a tool Erdoğan had previously denounced as “evil”....
...In congress JxC offers Milei up to 64 representatives in the lower house and 23 senators who are open to collaboration, according to analysis by La Nación newspaper....
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