LONDON, April 19 — The pound edged higher today, breaking a three-day falling streak, as investors covered some of their short positions and as 10-year British government bond yields rose to their highest in more than seven years.
But the outlook remained cautious, with the pound well within striking distance of a November 2020 low of US$1.2973 hit last week.
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Russia’s Donbas offensive advances with fall of Kreminna | Malay MailNOVODRUZHESK (Ukraine), April 19 — The capture of the city of Kreminna may have heralded the start of a widely anticipated major Russian offensive in Ukraine’s eastern Donbas region as fierce fighting raged in neighbouring Rubizhne. Moscow has decided to refocus its efforts on eastern Ukraine...
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Russian gas flows to Europe through Ukraine fall | Malay MailLONDON, April 19 — Russian gas deliveries to Europe through Ukraine fell this morning, in line with customer requests, while flows to Germany through Nord Stream 1 were steady and increased eastbound into Poland from Germany through the Russia-EU Yamal pipeline. Daily nominations for Russian gas...
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European shares fall as Ukraine crisis, Fed tightening worries weigh | Malay MailBRUSSELS, April 19 — European shares were set for their worst day in nearly two weeks today as worries about the war in Ukraine, aggressive monetary policy tightening by the US Federal Reserve and a batch of upcoming earnings kept investors on edge. The pan-European STOXX 600 lost 0.8 per cent...
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Ringgit down against US dollar for third session on concerns over global economic recovery | Malay MailKUALA LUMPUR, April 18 — The ringgit continued to depreciate against the US dollar for the third trading day, as higher demand for the US dollar indicated that market participants were sceptical about the prospects of the global economic recovery. At 6pm, the local note eased to 4.2505/2515...
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Musk tweets ‘Love Me Tender’ days after Twitter takeover offer | Malay MailNEW YORK, April 18 — Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying “Love Me Tender”, days after he took aim at Twitter Inc with a US$43 billion (RM182.1 billion) cash takeover offer. After Musk's TED talk on Thursday, he hinted at the possibility of a hostile bid in...
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No evacuation corridors in Ukraine for second day, says Ukraine’s deputy prime minister | Malay MailKYIV, April 18 — Ukraine and Russia have failed to agree about humanitarian convoys for the evacuation of civilians from war-affected areas for the second day, Ukraine’s deputy Prime Minister Iryna Vereshchuk said. “For security reasons, it was decided not to open humanitarian corridors...
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