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financial

USD Mixed After Fed’s Meeting; Risk of Rebound

The USD is mixed against Asian currencies after the Fed’s meeting. While there was nothing new in the FOMC statement, Fed Chairman Powell’s assessment of the U.S.’s growth rebound, Covid-19 situation and a strong undertaking […]

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financial

Australia Shares Slide 1.2% Amid Covid-19 Gloom

Australia’s benchmark index S&P/ASX 200 closed 1.2% lower at 6024.0, giving up the last of their weekly gains amid continued coronavirus worries. Nearly every sector lost ground as the benchmark index finished the week down […]

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business

IAG Renews Commercial Partnership With American Express

International Consolidated Airlines Group S.A. said Friday that it has signed a multi-year renewal with American Express which will extend their commercial partnership. The airline group–which houses British Airways, Iberia, and Vueling among others–said that […]

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financial

Blackstone’s Earnings Rebound with Market Surge

Blackstone Group Inc.’s second-quarter results rebounded as the surging stock market lifted the value of the private-equity giant’s portfolio. The New York firm swung to a profit after posting a steep loss in the first […]

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business

Huntington Bancshares 2Q Profit Falls, Revenue About Flat

Huntington Bancshares Inc.’s provision for credit losses fell in the second quarter from the first quarter, but its allowance for bad loans and leases as a percentage of its total topped 2%. Huntington’s net income […]

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financial

Euro Exceeds $1.15 For First Time Since January 2019

The euro’s rise above $1.15 for the first time since January 2019 reflects the fact that outlook for the eurozone currency looks better than for the U.S. dollar, Commerzbank says. Following the approval of an […]