May rate bets shrink to 40 percent after BoE’s Carney comments

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LONDON (Reuters) – Expectations of a UK interest rate increase in May has shrunk to around 40 percent from 70 percent earlier this week after Bank of England Governor Mark Carney dampened widespread expectations of a hike next month. The Governor of the Bank of England, Mark Carney, speaks to the Scottish Economics Forum, via
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Royal Mail CEO Moya Greene to retire, replacement named

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(Reuters) – Royal Mail plc said its Chief Executive Officer Moya Greene, who led the privatisation of the more than 500 year-old company, would retire in September after eight years at the helm. FILE PHOTO: Moya Greene, Chief Executive of Royal Mail Group, speaks at the Confederation of British Industry (CBI) annual conference in London,
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Japan’s Takeda shares drop as investors fret over Shire pursuit

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TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd shares lost almost 5 percent of their value on Friday as investors fretted over the size of any deal the Japanese firm would have to make to seal its record-breaking purchase of London-listed Shire PLC. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo,
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Pound on backfoot as doubts rise of BoE rate hike in May

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TOKYO (Reuters) – The British pound flirted with two-week lows against the dollar on Friday following comments from the Bank of England chief and soft UK retail sales data, while the yen eased as risk sentiment was on the mend. FILE PHOTO: Pound coins are seen in the photo illustration taken in Manchester, Britain September
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MPs to debate EU customs union membership

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LONDON (Reuters) – The House of Commons will debate staying in a customs union with the European Union next week, stepping up pressure on Prime Minister Theresa May to change her Brexit blueprint. FILE PHOTO: EU and Union flags are reflected in a puddle in front of the Houses of Parliament in London, Britain, March
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Asia tech shares spooked by phone warning, oil near highs

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SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9, 2018.
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Takeda shares drop after Shire rejects $63 billion offer

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TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co Ltd (4502.T) shares fell on Friday after rare disease drug maker Shire Plc (SHP.L) rejected its $63 billion (44.7 billion pounds) cash-and-stock acquisition offer. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo, Japan January 30, 2018. REUTERS/Kim Kyung-Hoon/File Photo Shire said it had
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Asia shares hit by tech warning, oil holds near highs

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SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while lofty oil prices stirred inflation fears and undermined sovereign bonds. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9, 2018.
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