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India rate cut is too close to call on CPI risks, says survey

Bloomberg The Reserve Bank of India’s (RBI) policy decision this week is a tricky one to call, with economists split over whether Governor Shaktikanta Das will lower interest rates again to support a fragile economy and banking sector in the face of above-target inflation. Of the 44 economists surveyed by Bloomberg, 22 expect a 25 basis-point rate cut on Thursday, ...

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Commerzbank cuts full-year profit outlook

Bloomberg Commerzbank AG abandoned its goal for a full-year profit after losses tied to the failure of Wirecard AG added to surging costs for bad loans, underscoring the challenges as the lender seeks to emerge from a leadership crisis. The outlook revision was driven by a single case that cost the bank 175 million euros last quarter, it said in ...

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Europe stocks, US futures advance; gold tops $2,000

Bloomberg European stocks climbed to a one-week high and US futures rose as investors focused on US-China trade discussions and American lawmakers making progress on an economic aid package. The Stoxx Europe 600 Index posted broad-based gains, with travel companies, commodity producers and retailers leading the charge. Bank of Ireland Group Plc rallied as the lender’s chief executive officer suggested ...

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