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Bank of England delays its next interest rate decision

  Bloomberg The Bank of England delayed its next interest-rate decision a week to September 22 to allow a period of mourning after the death of Queen Elizabeth II. The move gives the Monetary Policy Committee more time to consider key inflation and jobs data due to be published next week. It also brings the rate decision closer to the ...

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Vietnam sets dong fixing at record low

  Bloomberg Vietnam set its reference rate for the dong at a record low, setting the stage for more weakness in the country’s currency The State Bank of Vietnam set the currency fixing at 23,281 dong per dollar, the weakest since at least 2005, according to data compiled by Bloomberg. That’s after the dong fell to the lowest in more ...

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UBS abandons $1.4bn deal for robo-adviser Wealthfront

Bloomberg UBS Group AG has abandoned its plan to acquire US robo-adviser Wealthfront, unwinding what would have been the Swiss bank’s first major acquisition under Chief Executive Officer Ralph Hamers. The companies together decided to terminate their January merger agreement, valued at $1.4 billion, according to statements from both of them that didn’t specify a reason. UBS will purchase a ...

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