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Bank of England’s Dhingra calls for more interest rate cuts

By David Milliken (Reuters) -The Bank of England needs to cut interest rates further as its policy stance is still very restrictive and is hurting living standards, business investment and potentially longer-term productivity, policymaker Swati Dhingra said on Friday. “A combination of all of those factors – the weak consumption, the weak investment and possible …

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France’s political woes may trigger fresh Europe energy crisis: Maguire

By Gavin Maguire LITTLETON, Colorado (Reuters) -The collapse of France’s government on Wednesday could have far-reaching consequences for Europe’s energy markets and send regional electricity costs soaring. France is by far the largest electricity exporter in Europe, accounting for roughly 60% of net electricity exports so far in 2024, according to energy data service energy-charts.info. …

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Lithuania sees ‘quite high probability’ that Baltic Sea cables were intentionally cut

By Andrius Sytas VILNIUS (Reuters) -Lithuania’s President Gitanas Nauseda said on Friday that there was a quite high probability that the two undersea fibre-optic cables that were damaged last month in the Baltic Sea were cut intentionally. Both cables, one connecting Finland and Germany and the other connecting Sweden and Lithuania, were repaired and are …

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How Lee Jae-myung and South Korean opposition rallied in defiance of martial law

By Josh Smith SEOUL (Reuters) – When South Korean President Yoon Suk Yeol declared martial law, lawmakers from the main opposition party raced special forces soldiers to the parliament building to hold a vote against the measures. Now the same politicians who climbed the compound’s walls on Tuesday to avoid security cordons are spearheading an …

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Norway’s wealth fund can start selling Russian stocks, finance ministry says

By Gwladys Fouche OSLO (Reuters) -Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, can start selling stocks it holds in Russian companies, as long as it complies with international sanctions, the deputy finance minister told Reuters on Friday. “Permission to sell the fund’s Russian stocks is given on the condition that the sale can …

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Indian benchmarks log best week in 6 months as cenbank boosts liquidity

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian benchmark indexes logged their best week since June on Friday, led mainly by financials as the central bank cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions. The NSE Nifty 50 settled 0.12% lower at 24,677.8, while the BSE Sensex …

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Rupee ends higher as cenbank holds rates but logs fifth straight weekly fall

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened on Friday on the back of a softer dollar and after the Indian central bank kept policy rates unchanged but cut banks’ cash reserve ratio, effectively easing monetary conditions amid slowing economic growth. The rupee closed at 84.6875 against the U.S. dollar, up from its …

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