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Carney’s hint of May rate hike puzzles pound pundits

Bloomberg Money-market traders in the UK may have capitulated, but not the analysts. While currency pundits were jolted by Governor Mark Carney’s surprise hint that a rate increase by the Bank of England next month isn’t a foregone conclusion, they aren’t exactly doing an about-turn on their forecasts. ING Groep NV, Nomura International Plc, Credit Agricole SA, CBA Europe Ltd., ...

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North Korea to close nuclear site, suspend missile tests

Bloomberg North Korea has achieved its goal of developing a nuclear arsenal and is suspending further tests of atomic weapons or intercontinental ballistic missiles, its state-run media reported, citing leader Kim Jong-un. Kim said the regime’s nuclear test site will be shuttered, according to the Korean Central News Agency (KCNA). Punggye-ri, built in a secluded mountain valley northeast of Pyongyang ...

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Chemical inspectors collect samples from Syria’s Douma

Bloomberg Inspectors from the Organization for the Prohibition of Chemical Weapons visited one of the sites of a suspected gas attack in Douma, Syria, on Saturday to collect samples. The samples will be transported to Rijswijk in the Netherlands before being sent for analysis to the group’s designated laboratories, The Hague-based OPCW said. “Based on the analysis of the sample ...

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Almost half of British voters want new centrist party: Poll

Bloomberg Almost half the UK public now wants to see a new centrist political party as the Labour opposition party lurches further to the left and Liberal Democrats appear to lose faith in their own party, a new poll showed Saturday. There’s a 49 percent interest in a new party compared with 46 percent a year ago, according to a ...

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Paraguay elections: Son of ex-dictator’s aide leads race

Bloomberg Paraguay headed to the polls on Sunday, with voters set to elect a new Congress and a new president in one of the fastest-growing economies in South America. Voting stations opened at 7 am with the Electoral Tribunal expected to publish preliminary results on its website as early as 5 pm. About 4.2 million Paraguayans are registered to vote ...

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‘Respect’ from Trump could yield prisoner swap: Iran’s Zarif

Bloomberg Iranian Foreign Minister Mohammad Javad Zarif suggested a show of respect from President Donald Trump could help yield a prisoner swap. “It is a possibility, certainly from a humanitarian perspective, but — but it requires a change of attitude,” Zarif told correspondent Margaret Brennan in an interview with CBS News’s “Face the Nation” that was expected to air in ...

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Berlusconi helicopters in as rivals seek an edge in tiny region

Bloomberg Italy’s ex-premier Silvio Berlusconi flew in by helicopter, twice in a week. His less affluent allies and rivals took to their cars to brave the roads of the mountainous southern Molise area — it doesn’t have a motorway. Italy’s political leaders, from Matteo Salvini of the euroskeptic League to Luigi Di Maio of the anti-establishment Five Star Movement, have ...

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Banks sweeten terms for solar business as confidence rises

Bloomberg Interest rates are rising, making debt much more expensive for capital-intensive industries across America. But there’s at least one exception: the solar business. While the cost of borrowing has been increasing since 2016, some banks are taking a smaller cut to win deals from solar developers. Loans of seven years or longer can be obtained for 137.5 basis points ...

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Australia edges towards new energy policy

Bloomberg Australia may agree the final rules of its contentious National Energy Guarantee by August after winning cautious backing from states and territories for a policy the ruling Coalition hopes will end a decade of policy paralysis. Energy ministers from Australia’s six states and two territories signed off on a preliminary deal to back the scheme at a Council of ...

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Indian industry buys Siemens turbines for own wind parks

Bloomberg Siemens Gamesa Renewable Energy SA won 140 megawatts of wind power orders in India from industrial companies building their own parks. Energy-intensive businesses from textile and drug makers to auto companies ordered a total of 70 turbines, the Spanish-German company said. The manufacturers across southern India will link the parks to local grids and tap power as needed. Regional ...

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