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Stocks climb on muted trade hopes, dollar slips

NEW YORK (Reuters) – World equity markets rebounded on Friday from the previous day’s sharp fall, after U.S. President Donald Trump said complaints against China’s Huawei Technologies Co Ltd might be resolved within the framework of a Sino-U.S. trade deal. Tensions remained high, with China accusing U.S. Secretary of State Mike Pompeo of fabricating
Money

Global stocks, oil edge higher on muted trade optimism

LONDON (Reuters) – World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted. Trade tensions have roiled global markets this week with the MSCI All Country index […]
Money

Reading the Brexit tea leaves – Moves in sterling

LONDON (Reuters) – Sterling has been the focus for global investors rattled by Britain’s planned departure from the European Union, plunging immediately after the vote to leave and then moving wildly ever since on Brexit-related headlines. Investors have largely been positioned for the pound to weaken — adding to those bets as Britain first struggled […]
Money

Metro Bank dodges major shareholder rebellion

LONDON (Reuters) – Metro Bank escaped a potential investor challenge at its annual meeting on Tuesday, but there were sizeable votes against several of its most senior directors. The bank, which was set up nine years ago to take on Britain’s established lenders, disclosed in January it had under-reported the risk on its loan book, […]