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Japanese yen slumps to three-decade low

  Bloomberg The yen fell to its lowest level in more than 30 years in the aftermath the hotter-than-expected US inflation report, before reversing the move in a whiplash trade that raised market chatter of potential intervention. The Japanese currency falls to 147.67 per dollar, the weakest since August 1990, before bouncing back in choppy trading. It fluctuated around the ...

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Apple partners with Goldman Sachs to offer savings accounts

  Bloomberg Apple Inc. and Goldman Sachs Group Inc. will team up to offer savings accounts to users of the tech company’s credit card. “Apple Card users will be able to open the new high-yield savings account and have their daily cash automatically deposited into it — with no fees, no minimum deposits and no minimum balance requirements,” Apple said. ...

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UK bank to pay bondholders higher interest to swap debt

  Bloomberg A UK lender is offering to pay bondholders higher interest to swap debt rather than risk tapping sterling’s chaotic market for fresh cash. With no sign of volatility easing yet, Shawbrook Group wants to keep investors happy by moving them to new notes that offer an 8.099 percentage-point premium over UK gilts, an extra 100 basis points versus ...

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