World’s Biggest Commodity User Pares Imports on Sluggish Growth
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World’s Biggest Commodity User Pares Imports on Sluggish Growth – Bloomberg
China’s imports of energy, including crude oil, coal and natural gas, slipped in July amid sluggish signs of growth in the world’s largest commodity consumer. Copper purchases also slowed.
Analysts Predict Further Rate Cuts After BoE Stimulus
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Analysts Predict Further Rate Cuts After BoE Stimulus – Profit & Loss
Expect further rate cuts from the Bank of England (BoE) as Governor Mark Carney shows that he is willing to let sterling continue depreciating, say analysts.
What to Watch as Carney Kicks Off Defense Against Brexit Fallout
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What to Watch as Carney Kicks Off Defense Against Brexit Fallout – Bloomberg
It’s the most hotly anticipated Bank of England decision since, well, three weeks ago.
Bitcoin Sinks After Hackers Steal $65 Million From Exchange
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Bitcoin Sinks After Hackers Steal $65 Million From Exchange – Bloomberg
Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency.
More Fun and Games in AUD Around RBA Announcement?
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More Fun and Games in AUD Around RBA Announcement? – Profit & Loss
Market sources are reporting a flurry of trades in the seconds leading up to the release of the latest Reserve Bank of Australia (RBA) monetary policy decision today.
Italy’s Monte Paschi Flunks Stress Test, Plans to Raise Capital
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Italy’s Monte Paschi Flunks Stress Test, Plans to Raise Capital – Bloomberg
The world’s oldest bank is also Europe’s riskiest. Italy’s Banca Monte dei Paschi di Siena SpA was the only one of 51 lenders tested by European regulators to have its capital wiped out in the exam’s toughest scenario. The bank, which has been bailed out twice by the government since 2009, said it plans to sell as much as 5 billion euros ($5.6 billion) of stock if it can offload a bad-loan portfolio.