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Actualités Forex
Bay Street Likely To Open With Negative Bias
The Canadian market is likely to open with a negative bias Tuesday morning, weighed down by weak European markets and subdued commodities.
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Pound Weakens As China Growth Concerns Linger
The pound dropped against its major rivals in the European session on Tuesday, as modest cuts in China's loan prime rates failed to inspire investors.
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Newmont To Defer Full-funds Investment For Yanacocha Sulfides Project In Peru For At Least Two Years
Newmont Corp. (NEM, NGT.TO) announced Tuesday it will defer the full-funds investment decision for the Yanacocha Sulfides project in Peru for at least two years to advance its portfolio optimization strategy designed to maximize returns for shareholders and create long-term value for other stakeholders.
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VF Corp. Appoints Bracken Darrell As President And CEO
VF Corp. (VFC), a leading portfolio of lifestyle brands, announced Tuesday that its Board of Directors has appointed Bracken Darrell as President and CEO, effective July 17, 2023. Darrell will join VF from Logitech International S.A., where he served as President and CEO since 2013.
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Eli Lilly To Acquire DICE Therapeutics For $48/share All-cash Deal
Drug major Eli Lilly and Co. (LLY) and biopharmaceutical company DICE Therapeutics, Inc. (DICE) announced Tuesday a definitive agreement for Lilly to acquire DICE for $48 per share in cash or an aggregate of approximately $2.4 billion.
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Sensex, Nifty End Higher On Late Buying
Indian shares eked out modest gains on Tuesday despite mixed cues from global markets and weakness in rupee.
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China Lowers Loan Prime Rate
In a bid to support the struggling economy, the People's Bank of China lowered its benchmark rate on Tuesday after reducing other major policy rates earlier this month, while most of its global peers are still pursuing the tightening mode to keep a lid on inflation. The central bank cut its one-year loan prime rate, or LPR, to 3.55 percent from 3.65 percent.
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more news
European Shares Decline As China Rate Cut Fails To Inspire
European stocks fell on Tuesday as modest cuts in China's loan prime rates failed to inspire investors.
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FTSE 100 Little Changed As Investors Await Inflation Data, BoE Decision
U.K. stocks were little changed in cautious trade on Tuesday ahead of key inflation data due on Wednesday and the Bank of England's interest-rate decision due on Thursday.
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CAC 40 Slips Ahead Of Powell Testimonies
French stocks edged lower on Tuesday in the absence of cues from U.S. markets, which were closed on Monday for a federal holiday.
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DAX Declines In Cautious Trade
German stocks declined on Tuesday due to lack of directional cues from Wall Street.
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Asian Shares Mixed As China Growth Concerns Linger
Asian stocks ended mixed on Tuesday as China growth concerns persisted and investors waited for further direction from Federal Reserve Chair Jerome Powell who will testify before Congress on Wednesday.
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Commodity Currencies Fall As Asian Shares Traded Lower
Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as investors remained cautious after China's central bank did not introduce further stimulus as speculated to prop up its flagging economic recovery. Meanwhile, the central bank cut some of its key lending rates for the first time in 10 months.
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