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UK extends NatWest trading plan to 2023

  Bloomberg The UK government is extending a plan to sell more of its 11.3 billion-pound ($14 billion) stake in NatWest Group Plc for another year, as it looks to further reduce its stake in the lender. UK Government Investments Ltd., the body that oversees state holdings, said the extension means the trading plan is now set to terminate on ...

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Yen hits fresh 24-year low

  Bloomberg The yen sinks to a fresh 24-year low against the dollar as risk assets rebounded and investors ventured out of havens. The currency falls more than 1% overnight and traded at 136.50 per dollar in Tokyo, its lowest since 1998. “The demand for safe haven currencies is down today and that’s weighing on the yen,” said Brendan McKenna, ...

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Rupee set to weaken beyond 80 per dollar

  Bloomberg India’s rupee may extend declines to a record-low 81 per dollar by year-end due to rising prices of crude and other raw materials, according to Bank of America (BofA). The currency has already slumped more than 5% this year as Russia’s invasion of Ukraine sent Brent crude surging to almost $140 a barrel in March. The rally in ...

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