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Euro zone governments should not interfere with bank consolidation, bank execs say

Euro zone governments should not interfere with bank consolidation, bank execs say WASHINGTON, Oct 25 (Reuters) - European Union governments should refrain from interfering with banking consolidation, which the bloc needs to compete with other major economies, two senior bank executives said on Friday. The challenge of closer financial integration has taken fresh relevance in the euro zone after Italy's UniCredit CRDI.MI last month unveiled a stake in Commerzbank CBKG.DE and said it would consid
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Uganda's $5 bln EACOP pipeline faces difficult debt talks

Uganda's $5 bln EACOP pipeline faces difficult debt talks By Wendell Roelf CAPE TOWN, Oct 25 (Reuters) - Partners developing the $5 billion East African Crude Oil Pipeline (EACOP) are injecting more cash into the project to prevent it stalling as debt financing proves elusive, Uganda's energy minister told Reuters. Minister Ruth Nankabirwa recently travelled to Beijing to meet with potential Chinese funders seen as crucial for the success of East African Crude Oil Pipeline (EACOP) after six West
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Clear Street poaches metals traders from LME floor trader Sigma, sources

Clear Street poaches metals traders from LME floor trader Sigma, sources By Pratima Desai and Julian Luk LONDON, Oct 25 (Reuters) - U.S. broker Clear Street, which is seeking membership of the London Metal Exchange's (LME) open outcry trading floor, has poached three metal traders from Sigma Broking, two sources familiar with the matter said. A unit of the broker, Clear Street Futures headed by Chris Smith, is planning a major expansion in LME metals trading, one of the sources said.
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France corporate earnings week ahead

DIARY-France corporate earnings week ahead Oct 25 (Reuters) - Diary of France (.FCHI) corporate earnings for the week ahead FRANCE EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 30-Oct-2024 AMC AIR.PA Airbus SE Q3 2024 Airbus SE Earnings Release 31-Oct-2024 BMO SOGN.PA Societe Generale SA Q3 2024 Societe Generale SA Earnings Release 31-Oct-2024 BMO STMPA.PA STMicroelectronics NV Q3 2024 STMicroelectronics NV Earnings Release 31-Oct-2024 07:00 TTEF.PA TotalEnergies SE Q3 2024 Tot
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Euro, yen bounce as dollar stalls near three-month highs

FOREX-Euro, yen bounce as dollar stalls near three-month highs Euro zone business activity contracts again in October Robust US data, hawkish Fed comments have supported dollar Yen gets respite as Japan finmin warns against rapid moves US and Japanese elections cloud outlook for dollar-yen Updates at 1125 GMT By Kevin Buckland and Medha Singh TOKYO/LONDON, Oct 24 (Reuters) - The euro and Japanese yen climbed from recent lows on Thursday, while the U .S.
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Sterling rises after report stokes slower BoE rate cut view

Sterling rises after report stokes slower BoE rate cut view By Medha Singh LONDON, Oct. 24 (Reuters) - Sterling firmed against the dollar and the euro on Thursday, alongside a rise in British government bond yields, as investors assessed the outlook for the Bank of England's monetary policy. The pound firmed 0.4% to $1.29695 against the dollar, not far from the $1.30 mark after sliding to the lowest since mid-August in the previous session.
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Euro, yen bounce as dollar stalls near three-month highs

FOREX-Euro, yen bounce as dollar stalls near three-month highs Euro zone business activity contracts again in October Robust US data, hawkish Fed comments have supported dollar Yen gets respite as Japan finmin warns against rapid moves US and Japanese elections cloud outlook for dollar-yen Updates at 0827 GMT By Kevin Buckland and Medha Singh TOKYO/LONDON, Oct 24 (Reuters) - The U.S.
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Hedging a Trump victory with FX options

RPT-BUZZ-COMMENT-Hedging a Trump victory with FX options Repeats with no changes Oct 16 (Reuters) - With the U.S. election in just three weeks and former President Donald Trump regaining a lead in the polls, FX option dealers report increased demand for options to hedge the risk of a Trump victory. Societe Generale think AUD/USD would be the most at risk from a Trump win and in a recent client note, are highlighting three trades to hedge that risk.
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Goldman, Citi among 22 banks on CD&R’s buyout of Sanofi unit - Bloomberg News

MEDIA-Goldman, Citi among 22 banks on CD&R’s buyout of Sanofi unit - Bloomberg News -- Source link: https://tinyurl.com/kk8h626c -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Jamie Dimon charts JPMorgan expansion plan into Africa

EXCLUSIVE-Jamie Dimon charts JPMorgan expansion plan into Africa Adds Nairobi dateline, context in paragraph 18-19 JPMorgan to enter Kenya and Ivory Coast this year Challenges include competing with local and regional lenders Focus on commercial and investment banking, treasury services Global banks navigate geopolitical risks in Africa By Nupur Anand, Duncan Miriri NEW YORK/NAIROBI, Oct 16 (Reuters) - JPMorgan Chase JPM.N , the largest U.S.
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Confidence around French banks on shaky ground

LIVE MARKETS- Confidence around French banks on shaky ground STOXX 600 down 0.25% ASML, LVMH disappoint Wall St futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CONFIDENCE AROUND FRENCH BANKS ON SHAKY GROUND French banks haven't fully enjoyed this year's European bank rally and concerns over a worsening fiscal outlook in the euro zone's second largest economy are to
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Hedging a Trump victory with FX options

BUZZ-COMMENT-Hedging a Trump victory with FX options Oct 16 (Reuters) - With the U.S. election in just three weeks and former President Donald Trump regaining a lead in the polls, FX option dealers report increased demand for options to hedge the risk of a Trump victory. Societe Generale think AUD/USD would be the most at risk from a Trump win and in a recent client note, are highlighting three trades to hedge that risk.
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India's September retail inflation accelerates to 5.49%

INSTANT VIEW-India's September retail inflation accelerates to 5.49% Adds more comments Oct 14 (Reuters) - India's retail inflation in September accelerated at its fastest pace in nine months due to higher food prices, government data released on Monday showed. The annual retail inflation INCPIY=ECI quickened to 5.49% in September from 3.65% a month ago, data showed.
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US credit spreads narrow to new lows as economy looks up

US credit spreads narrow to new lows as economy looks up By Davide Barbuscia and Shankar Ramakrishnan NEW YORK, Oct 11 (Reuters) - U.S. corporate credit spreads hit fresh multi-year lows in recent days in a sign of growing investor confidence, although some market participants worry corporate debt investors may be too optimistic given economic risks ahead.
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US regulators impose penalties to resolve money laundering probes

FACTBOX-US regulators impose penalties to resolve money laundering probes Oct 10 (Reuters) - Canada's TD Bank TD.TO agreed to pay a combined $3 billion in penalties on Thursday as part of a settlement with U.S. authorities over charges it failed to monitor and prevent money laundering. The issue highlights a recurring challenge in the financial industry.
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Traders await US inflation test, China revives stocks rally

GLOBAL MARKETS-Traders await US inflation test, China revives stocks rally Investors wait on details of China stimulus measures Focus on Saturday's briefing on fiscal policy moves Dollar at two-month high ahead of U.S. inflation data Traders have backed down from expectations of steep rate cuts French budget provides European focus for later in the day Updates prices at 1130 GMT By Alun John and Ankur Banerjee LONDON/SINGAPORE, Oct 10 (Reuters) - European shares failed on Thursday to follow over
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Updates Unilever Oct 10 (Reuters) - Many Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault R
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Traders await US inflation test, China revives stocks rally

GLOBAL MARKETS-Traders await US inflation test, China revives stocks rally Investors wait on details of China stimulus measures Focus on Saturday's briefing on fiscal policy moves Dollar at two-month high ahead of U.S. inflation data Traders have backed down from expectations of steep rate cuts French budget provides European focus for later in the day Updates at 0840 GMT By Alun John and Ankur Banerjee LONDON/SINGAPORE, Oct 10 (Reuters) - European shares failed on Thursday to follow overnight g
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Dollar won't fall as rest of world won't let it: Mike Dolan

RPT-COLUMN-Dollar won't fall as rest of world won't let it: Mike Dolan Repeating item sent previously with no changes to text; the opinions expressed here are those of the author, a columnist for Reuters By Mike Dolan LONDON, Oct 9 (Reuters) - The dollar just had its best week in two years, showing once again how dangerous it can be to bet against the U.S.
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Gold and coffee boost September hedge fund returns, says Societe Generale

Gold and coffee boost September hedge fund returns, says Societe Generale By Nell Mackenzie LONDON, Oct 8 (Reuters) - Gold and coffee helped to deliver trend-following hedge funds a positive result in September, a Societe Generale note showed on Tuesday, thanks to record commodities prices, rising equities and falling interest rates. Gold has surged almost 30% this year to a record high on Sept.
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