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US stocks higher as tech shares reverse decline

Bloomberg US stocks were higher on Tuesday with technology shares shaking off Monday’s slide. The euro extended its decline in the wake of the German election, lending support to a dollar rally as investors digest a raft of catalysts from North Korea to central-bank policy. The Nasdaq 100 Index climbed at the open, taking back some of Monday’s 1.1 percent ...

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World’s biggest wealth fund faces tighter reins at $1 trillion

Bloomberg After hitting the $1 trillion milestone this month, the Norwegian wealth fund can expect even more scrutiny going forward. The government is currently looking at a proposal from a committee led by a former central bank governor to separate out the fund from Norges Bank. This idea is now being seized on as a means to tighten oversight, with ...

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Euro hits one-month low

Bloomberg The euro dropped toward $1.1800 as investors continued to unwind long positions, with fresh tactical selling pressure setting in ahead of a speech by the Federal Reserve Chair Janet Yellen later on Tuesday. What started off as a knee-jerk reaction after the German election now appears to have become a broader hit on euro bulls’ conviction. Concern that European ...

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