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BOE to give view on Brexit deal: Carney

Bloomberg Mark Carney thrust the Bank of England (BOE) into the Brexit debate again, saying he’ll give a thumbs up — or down — to any divorce deal that British Prime Minister Theresa May reaches with the European Union. “We will have to give our view on whether or not the arrangements are consistent with our ability to fulfill our ...

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‘Tariff war could spur broad market rout’

Bloomberg BlackRock Inc. Chief Executive Officer Larry Fink said that intensifying global trade tensions may spur a broad market downturn and a slowdown in the US economy. Stocks could drop 10 percent to 15 percent and US gross domestic product would start slowing in 2019 if the Trump administration sees through its threat to levy tariffs on an additional $200 ...

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UBS abandons call for yuan gain in 2018

Bloomberg UBS Group AG abandoned its forecast for the yuan to appreciate this year, anticipating that the trade war will continue to put pressure on the currency, hurt China’s economic growth and spur the country’s policy makers to unleash more liquidity. “With underlying pressures on CNY set to intensify and China’s current-account surplus likely to decline notably, we see CNY ...

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