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Nomura mulls hedges to curb American Century losses

Bloomberg Nomura Holdings Inc may use hedges to limit further hits from its ownership of a stake in a US mutual fund manager after booking losses on the investment for two straight quarters. Japan’s largest brokerage will “consider mitigating measures, including hedges” to reduce the earnings impact of its holding in American Century Investments (ACI), spokesman Yoshitaka Otsu said, declining ...

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US futures slide as global rate-hike wagers surge

  Bloomberg US equity-index futures fall with Treasuries after a chorus of Federal Reserve officials reiterated their resolve to continue rate hikes and traders raised tightening wagers for other major central banks. September contracts on the S&P 500 Index fall 0.8% after the gains put the equity benchmark on course for the longest streak of weekly gains since November. Technology ...

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Gold heads for first weekly drop amid mixed signals from Fed officials

Bloomberg Gold headed for the first weekly decline as traders weighed mixed signals from Federal Reserve officials on the size of the next interest rate increase. Bullion dropped to a three-week low amid an ongoing discussion on whether the Fed will shift to less aggressive rate hikes. The policy makers offered divergent views, with St. Louis’s James Bullard urging another ...

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