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Indian markets closed on Thursday for holiday

MUMBAI (Reuters) – India’s stocks, forex and debt markets are closed on Thursday on account of a local holiday. Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, February 17, 2016. REUTERS/Shailesh Andrade/Files On Wednesday, the partially convertible rupee had closed at 72.37 per dollar versus …

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S&P 500, Dow up as rising treasury yields boost banks

NEW YORK (Reuters) – The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided. The tech-heavy Nasdaq .IXIC ended the session slightly lower. Financial companies …

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DoubleLine's Gundlach warns U.S. Treasury yields headed higher

NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, on Wednesday said bond prices across the U.S. Treasury yield curve could fall if the 30-year yield closes above 3.25 percent twice in a row. Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment …

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U.S. housing starts rise on jump in multi-family construction

WASHINGTON, Sept 19 (Reuters) – U.S. homebuilding increased more than expected in August, a positive sign for the housing market which has underperformed the broader economy amid rising interest rates for home loans. A new home is seen under construction in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson/Files …

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RBI says Yes Bank's Kapoor can remain CEO until Jan 2019

(Reuters) – The Reserve Bank of India (RBI) has allowed Yes Bank Ltd Chief Executive Rana Kapoor to continue in the role until Jan. 31, 2019, the private-sector lender said on Wednesday. Yes Bank Chief Executive and Managing Director Rana Kapoor addresses a gathering in Gandhinagar in Gujarat January 12, …

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Danske Bank CEO quits in $234 billion money laundering scandal

COPENHAGEN (Reuters) – Danske Bank’s chief executive Thomas Borgen quit on Wednesday in a money laundering scandal which involved 200 billion euros ($234 billion) flowing through its Estonian branch between 2007 and 2015, most of which was suspicious. Thomas Borgen has resigned as a result of money laundering scandals, Danske …

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Britain refers Sainsbury's-Asda merger to in-depth review

LONDON (Reuters) – Britain’s competition regulator referred Sainsbury’s (SBRY.L) 7.3 billion-pound ($9.60 billion) takeover of Asda (WMT.N) to an in-depth review on Wednesday because their stores overlapped in hundreds of local areas. FILE PHOTO: A worker pushes shopping trolleys at an Asda store in west London, Britain, April 28, 2018. …

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