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Domestic revenge ignites in UK stocks as Brexit D-Day averted

Bloomberg A can kicked down the road is better than one that explodes in your face. And so, in stock markets at least, people are feeling more relaxed about Brexit than for some time. With UK Prime Minister Theresa May agreeing to possibly postpone the March 29 scheduled departure date if her deal fails and, at the same time, the ...

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Trump says dollar too strong, swipes at Fed for rate hikes

Bloomberg President Donald Trump said that the US dollar is too strong, and took a swipe at Federal Reserve Chairman Jerome Powell as someone who “likes raising interest rates.” The US economy is doing well in spite of the actions of the central bank, Trump said during a wide-ranging speech at the Conservative Political Action Conference in National Harbor, Maryland. ...

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RBC follows US banks in trading declines

Bloomberg The debt-trading malaise that hurt US lenders last quarter has extended north of the border, though Royal Bank of Canada’s equities traders helped soften the blow. The lender saw a 12 percent drop in trading revenue from fixed income, currencies and commodities in the three months through January, advancing the trend that affected US banks including JPMorgan Chase & ...

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