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Sterling, Asian stocks struggle with Brexit hangover

Asian stocks fell and the British pound tumbled more than 2 percent on Monday as markets struggled to shake off deep uncertainty sparked by Britain’s decision to leave the European Union. Sentiment remained weak and trading was volatile, even if the worst of the turmoil seen on Friday, when global …

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Investor George Soros calls for reconstruction of EU after ‘Brexit’ vote

Billionaire investor George Soros on Saturday called for thorough reconstruction of the European Union in order to save it, even though he warned that Britain’s vote to leave the bloc makes “disintegration of the EU practically irreversible.” Soros, who warned of financial meltdown if Britain voted to leave the EU …

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Sterling, stocks in free fall as UK on brink of Brexit

Carnage came to world markets on Friday as major television networks said Britain had voted to leave the European Union, threatening the existence of the entire bloc and its single currency. Such a body blow to global confidence could well prevent the Federal Reserve from raising interest rates as planned …

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Asia shares rise, sterling steadies ahead of Brexit vote

Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week’s referendum. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.2 percent. Investors remain wary ahead of …

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Indian central bank chief to step down in surprise move

India’s “rock star” central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down after just one three-year term. Rajan, a former chief economist at the International Monetary Fund, is held …

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Asian shares face weekly losses, sterling steadies as Brexit risk seen ebbing

Asian shares rose on Friday, but were set for weekly losses as investors favored safe haven assets due to fears that Britain will vote to quit the European Union, though the killing of a pro-EU lawmaker was seen swaying sentiment toward the “Remain” camp. Campaigning for Thursday’s referendum, which overshadowed …

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Fed keeps interest rates unchanged, signals fewer future hikes

The U.S. Federal Reserve kept interest rates unchanged on Wednesday and signaled it still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future years. The central bank’s decision to stick with its 2016 rate path, however, …

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Asian shares volatile amid Brexit worries, MSCI China decision

Asian shares were slightly weaker but recovered from near three-week lows on Wednesday as markets digested U.S. index provider MSCI’s decision not to include domestic Chinese equities in its indexes and Brexit fears drove investors to assets such as U.S. bonds and the yen. Mainland Chinese shares, among Asia’s worst …

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Oil prices fall back below $50 as economic concerns rise

Oil prices fell in early trading on Monday, pulled down by rising economic concerns in Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive. International Brent crude oil futures fell back below $50 per barrel, trading at $49.89 at …

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