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Stocks mixed as China’s duties kick in; dollar rises

Bloomberg European stocks climbed, US futures pared earlier declines and Asian shares were mixed after the latest China-tariff hikes kicked in. The dollar rose alongside gold. The Stoxx Europe 600 advanced for a third straight session, led by telecom and utilities shares. Equities in Japan, Hong Kong and Australia declined in thin volumes a day after President Donald Trump’s duties ...

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Brexit tumult makes FTSE 100 a winner

Bloomberg In a classic illustration of the seemingly perverse relationship between UK news and its stock market, several British large-caps notched record highs on Monday as the equity benchmark outshone all of Europe. The FTSE 100 jumped as much as 1.4 percent, the most since July and more than double the gain of the Stoxx Europe 600, with companies including ...

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Rescued China bank suspends payments on dollar securities

Bloomberg A regional Chinese lender under the spotlight for liquidity strains plans to suspend dividend payments on its offshore preference shares, sending indicated prices on those securities tumbling. Bank of Jinzhou Co, which was the subject of a government-orchestrated rescue in July, said that it’s seeking shareholder approval to halt dividends for the year through October 26. That’s after its ...

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