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Swiss stock exchange is investigating worst outage in one decade

BLOOMBERG The SIX Swiss Exchange is investigating the technical glitch that caused the country’s worst stock market outage in more than decade. The Zurich-based exchange said it will release findings from its investigation in a couple of days. “It was a technical issue,” said Juerg Schneider, the Swiss exchange’s head of media relations, without giving details about the specific nature ...

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Bond yields drop as traders gear up for Federal Reserve pause

BLOOMBERG Treasury yields fell amid market expectations that the Federal Reserve will keep its interest rates steady for the first time in 15 months to evaluate whether or not further tightening is needed. Bonds reversed course on Wednesday, with yields dropping across the curve, after another inflation reading showed signs of cooling. The market for wagers on the outlook for ...

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ECB’s €500b payoff puts Italian banks in firing line

BLOOMBERG  The European Central Bank (ECB) is about to test the resilience of the continent’s banking industry by making lenders repay about half a trillion euros in cheap pandemic-era loans — in one go. While the €4 trillion or so of excess liquidity sloshing around the financial system should limit the overall impact of the giant repayment, individual firms and ...

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