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US claim of currency manipulation tested in Treasury report

Bloomberg The US Treasury is poised to render a verdict on President Donald Trump’s claim that China is manipulating its currency as a trade war between the two nations intensifies and rattles markets. While the US hasn’t designated China as a currency manipulator since 1994, Wall Street is bracing for the prospect that the Treasury Department will do so this ...

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Netflix earnings will test waters for tech giants

Bloomberg Beleaguered technology investors are looking to Netflix Inc. to stop the bleeding. The company’s earnings are poised to be even more closely watched than usual after last week’s market rout. Netflix is one of the first major US companies to report third-quarter results — and 2018’s best-performing FAANG stock — making it especially influential in the wake of a ...

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Pound losses capped as ‘Brexit’ hopes linger

Bloomberg The pound capped losses following a weekend of fruitless Brexit talks on conviction that the UK and the European Union would eventually reach a deal to avoid a chaotic divorce. Sterling was little changed in mid-morning trading in London as people familiar with the matter said there would be no further attempt to resolve the impasse before an EU ...

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