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Stocks gain as traders assess interest rates, China support

BLOOMBERG Stocks started the week on a positive note, tracking gains on Wall Street following cautious comments from central bankers at Jackson Hole. China’s support measures for its equities market helped lift sentiment. The rate-sensitive technology sector led the advance in Europe after Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde at Jackson Hole  failed to ...

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China stocks surge after new measures to boost markets

BLOOMBERG Chinese stocks jumped after authorities announced a slew of measures to woo back investors including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings. The CSI 300 Index of mainland shares rallied as much as 5.5% on Monday, the most in three years, with some brokerage stocks gaining up to the ...

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TD shares slide as deposit costs crunch earnings

BLOOMBERG Toronto-Dominion (TD) Bank is feeling the impact of costlier deposits, which squeezed margins and contributed to the lowest profitability for its US business in more than a year. Canada’s second-largest bank saw US retail-banking earnings drop to C$1.38 billion ($1.02 billion) on an adjusted basis in the fiscal third quarter, a 6% decline from a year earlier. The bank’s ...

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