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London’s City finance centre braces for possible Brexit

  London/ AFP With one month to go before Britain’s vital in-out EU referendum, London’s City finance district is busily planning ahead for a potential “Brexit”. Big City firms, many of which are housed in skyscrapers that dominate the London skyline, are seeking to protect themselves from market volatility should Britons vote “Leave”, experts say. Major players like HSBC and ...

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China plans to ask US on timing of Fed interest rate hike in June

  Bloomberg Chinese officials plan to ask their American counterparts in annual talks next month about the chance of a Federal Reserve interest-rate increase in June, according to people familiar with the matter. The Chinese delegation will try to deduce whether a June or a July rate rise is more likely, as their nation’s policy makers prepare for the potential ...

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Brazil records first current account surplus since 2009

  Bloomberg Brazil recorded an unexpected current account surplus last month, the first since April 2009, as a prolonged economic recession curbed imports and companies sent less profits abroad. The surplus in the current account, the broadest measure of trade in goods and services, reached $412 million in April after a revised deficit of $857 million in the previous month, ...

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