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European stocks close lower as focus turns to Fed, U.S. inflation; UK wage growth holds (Jun 11)25 June 2024 224820
LONDON — European stocks fell on Tuesday as investors looked ahead to the Federal Reserve’s next meeting and U.S. inflation data.
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European markets open lower; French banks tumble after election called (Jun 10)10 June 2024 234990
LONDON — European stocks opened lower Monday as traders reacted to initial results from the EU Parliament elections which suggest far-right parties have surged in popularity.
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European Central Bank set to cut rates for the first time since 2019 (Jun 5)10 June 2024 236443
It will mark the official end to the record fast-hiking cycle that begun after the Covid-19 pandemic as inflation soared.
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Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells (May 31)10 June 2024 235517
An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher.
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Former World Bank executive on how to close the global gender finance gap (May 28)10 June 2024 236023
Mary Ellen Iskenderian’s Women’s World Banking has partnered with more than 70 organizations around the world to reach over 185 million women.
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JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’ (May 23)10 June 2024 236393
JPMorgan Chase’s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out.
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Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says (May 15)18 May 2024 253447
Europe needs a “more mature” attitude to trade and must avoid a global decoupling while it secures its economy and addresses Chinese state subsidies, the EU’s economics chief Paolo Gentiloni told CNBC on Wednesday.
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The U.S. is now Germany’s biggest trading partner — taking over from China (May 10)18 May 2024 251962
After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as the year progresses.
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Turkey’s inflation accelerates to nearly 70% in April (May 3)18 May 2024 252530
Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.
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IMF chief warns of emerging market risk with high U.S. interest rates (April 30)18 May 2024 252556
High U.S. interest rates traditionally spell bad news for emerging markets, making their debts — which are often priced in U.S. dollars — more expensive.