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...Revenues at Interpath’s restructuring business rose 2.6 per cent to £115.6mn during the year to March....
...Yields on 10-year German Bunds — a benchmark for the eurozone — fell 0.07 percentage points to 2.37 per cent. Yields move inversely to prices....
...The pound fell 0.07 per cent to $1.2803 after official figures showed that average earnings excluding bonuses rose 6.1 per cent in the three months to January, slightly lower than the 6.2 per cent forecast...
...The yield on 10-year German Bunds — the benchmark for the eurozone — was down 0.07 percentage points at 2.32 per cent, according to Bloomberg data....
...The two-year yield rose 0.07 percentage points to 5 per cent....
...Yields on rate-sensitive 2-year German bonds, which move inversely to prices, rose 0.07 percentage points to 2.83 per cent....
...Services inflation, which is closely watched by policymakers, dipped from 6.1 per cent to 6 per cent....
...In its corporate and investment bank, which BNP has been building up, the deal advisory and financing teams drove a 6.1 per cent rise in “global banking” revenue, echoing a rebound on Wall Street....
...The Nasdaq Composite slid further, reversing an early rise to trade 0.2 per cent lower....
...Mizuho reckons Coinbase earns a fee of around 0.07 per cent for its service....
...March’s reading was above the 12-month average of 2.9 per cent....
...Average food sales over the past three months rose by 6 per cent year on year, down from 6.3 per cent between November and January....
...Rewane, whose firm provides advisory services to investors, said investors had been heartened by the central bank’s moves but added: “People are looking for clarity and consistency....
...Vertex Pharmaceuticals leapt 13.2 per cent to a record high of $405.07....
...Advisory work is highly profitable. Unlike retail banking, advisory does not require much capital....
...Brent crude, the international oil benchmark, lost 2.3 per cent, while US marker West Texas Intermediate fell 2.6 per cent....
...Sales in the firm’s deals advisory and consulting arms rose 6 per cent and 7 per cent respectively, while the firm’s audit division drove revenue growth with a jump of 19 per cent....
...While the four partners do not draw a salary, its 14 employees saw their total wages climb to £9.4mn, from £6.7mn a year earlier. Additional reporting by Michael O’Dwyer in London...
...Rate-sensitive two-year gilt yields — which move inversely to prices — fell 0.07 percentage points to 4.22 per cent....
...The retail banking arm was its standout performer last year, delivering a 19.2 per cent return on tangible equity as the total business produced a 10.6 per cent return....
...UK inflation stood at 4.6 per cent in October, meaning a freeze will result in real-term pay cuts....
...The producer price index improved marginally, dropping 2.5 per cent year on year in January, a slight improvement from a 2.7 per cent decline in December and an analyst forecast of 2.6 per cent....
...We didn’t expect them to take impairment charges for private investments and at a higher rate than the last quarter,” said Kirk Boodry, a SoftBank analyst at Astris Advisory in Tokyo, highlighting $2.9bn...
...The renminbi’s share of international payments, at 2.8 per cent, is tiny compared with the dollar’s (42 per cent), and so is the share of foreign reserves (2.6 per cent against 59 per cent for the dollar...
...That was up from 2.6 per cent in October, but still well below the rate of inflation....
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