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Sweden fights currency gains with more monetary stimulus

  Bloomberg Sweden’s central bank will buy more bonds to drive down longer yields as policy makers try to fight currency gains that threaten to undermine their efforts to rekindle inflation. The Riksbank kept its benchmark repo rate at minus 0.5 percent, it said on Thursday. The decision was expected by all 20 economists surveyed by Bloomberg. It will add ...

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Brexit cooling pension fund appetite for UK renewables

  Bloomberg Pension funds, a key emerging investor in renewable energy projects, are likely to lose interest in new deals in the U.K. if voters opt to leave the bloc, said the head of PensionDanmark A/S. Uncertainty that would be caused by a U.K. decision to leave the EU following its June 23 referendum would increase the risk profile of ...

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VW to cough up $10 billion in US emission cheating deal

  Bloomberg Volkswagen AG has agreed to set aside at least $10 billion to resolve civil claims by the U.S. government and lawsuits by American car owners over diesel vehicles rigged to cheat pollution controls, a person with direct knowledge of the matter said. The parties reached the accord ahead of a Thursday deadline set by a federal judge for ...

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