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Markets left teetering as trade war derails Fed calming efforts

Bloomberg Any reassurance markets got from the Federal Reserve in Jackson Hole was wiped out within minutes. A volley of acrimonious presidential tweets and a nastier turn in the trade war sent Treasury yields, stocks and the dollar skidding into the weekend. Hopes that the central bank could guide markets to a cool-headed assessment of the US economy now look ...

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Pound’s biggest Brexit risk is not what it seems to be

Bloomberg As markets bet on a no-deal Brexit, the real shock for pound traders could be Prime Minister Boris Johnson clinching a sudden deal. Sterling has tumbled in recent weeks as Johnson’s “do or die” stance has led traders to increase bets against the currency on the prospects of a no-deal Brexit on October 31. Yet a surge of nearly ...

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Deutsche Bank SEC case showing ‘classic’ nepotism in Russian hires

Bloomberg Deutsche Bank AG executives were outraged. They had just missed out on a major deal with the Russian government and wanted answers. “We must use whatever tactic and political pressure to avoid this embarrassment,” a senior banker in London wrote in an email to the firm’s top executive in Russia. “DB not participating is a slap in our face.” ...

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