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☆ China retail sales, investment data miss expectations in April
▼ + stars: | 2024-05-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. Retail sales rose by 2.3% in April from a year ago, the National Bureau of Statistics said. That was less than the 3.8% increase forecast by a Reuters poll, and slower than the 3.1% pace reported in March. But fixed asset investment rose by 4.2% for the first four months of the year, lower than the 4.6% expected increase. Statistics bureau spokeswoman Liu Aihua pointed out that last year, the multi-day May 1 Labor Day holiday had included two days in April.

Persons: Liu Aihua, Liu Organizations: National Bureau of Statistics, China's Ministry of Commerce, Labor, Statistics, Oxford Locations: Huai'an, China, BEIJING — China

☆ HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
▼ + stars: | 2024-05-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Despite the fall, HSBC's share price is still at its highest since August 2018, trading at about 68 Hong Kong dollars per share. Shares of HSBC Holdings fell over 3% in Hong Kong on Friday after reports that its top shareholder Ping An Insurance might be looking to cut its stake in the British bank. There are several options including "further share sales, similar to the $50 million sale it disclosed last week." Ping An sold HSBC shares worth 391.49 million Hong Kong dollars ($50.19 million) on May 7, cutting its stake from 8.01% to 7.98%.

Persons: Ping, Bloomberg Organizations: HSBC Holdings Plc, Hong, HSBC Holdings, Ping, Bloomberg, An, HSBC, Hong Kong Locations: Hong Kong, China, British, Asia

☆ Housing market: China unveils sweeping measures to rescue its crisis-hit property sector
▼ + stars: | 2024-05-17 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. In a coordinated move, the People’s China of China (PBOC) announced that it will set up a nationwide program to provide 300 billion yuan ($41.5 billion) in loans to fund state purchases of unsold homes. The 300 billion yuan provided by the central bank could eventually underpin 500 billion yuan ($69 billion) worth of credit to support such purchases, she estimated. Expectations that Beijing was preparing a plan to have local governments across the country buy millions of unsold homes have successfully buoyed China stocks. On Friday, He also urged local governments to buy back or directly purchase land that has been sold to developers but not yet used.

Persons: Lifeng, Tao Ling, Larry Hu, ”, Société Générale Organizations: Hong Kong CNN, Communist, China Real Estate Business, Macquarie Group, Reuters, provident Locations: China, Hong Kong, Beijing

☆ Here's how to get an ultra low mortgage
▼ + stars: | 2024-05-17 | by ( Diana Olick | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how to get an ultra low mortgageRome is a startup that facilitates assumable mortgages. CNBC's Diana Olick speaks with Roam CEO Raunaq Singh on how it works, and their new partnership with a lender.

Persons: Diana Olick, Raunaq Singh Locations: Rome

☆ High-end real estate developer talks demand for ultra-luxury homes in Florida
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh-end real estate developer talks demand for ultra-luxury homes in FloridaHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: CNBC Locations: Florida

☆ Samsung just released a 43-second response to the 'crush' ad Apple was lambasted for last week
▼ + stars: | 2024-05-16 | by ( Sarah Gray | ) www.businessinsider.com time to read: +1 min

Samsung released a 43-second response to Apple's lambasted "crush" advertisement. Apple's advertisement for its new iPad Pro received swift backlash last week. Samsung's ad seems to pick up where Apple's left off amid crushed creative tools and a hydraulic press. That's Samsung's message in a new spot that trolls Apple's iPad Pro "crush" ad, which caused an internet meltdown last week. In Apple's ad, creative tools — paint, instruments, etc.

Persons: Apple's, —, Katie Notopoulos Organizations: Samsung, Pro, Service, Business

☆ 14-year-old died of heart attack after participating in a spicy tortilla chip challenge
▼ + stars: | 2024-05-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New york CNN —The chief medical examiner’s office in Massachusetts has determined that a teenager who ate a tortilla chip containing a high concentration of a chemical compound found in chili peppers, died of a heart attack last September. Harris Wolobah, who had a congenital heart defect, was attempting Paqui’s ultra-spicy “One Chip Challenge” when he ingested the tortilla chip seasoned with both the Carolina Reaper pepper and the Naga Viper pepper. Paqui voluntarily pulled the product, which was packaged in a coffin-shaped box, off shelves following Wolobah’s death in September. The Carolina Reaper Pepper ranks just under pepper spray on the Scoville scale, which measures the pungency of peppers and chilis. The Naga Viper is a bit less pungent, coming in at around 1.2 million heat units on the scale.

Persons: Harris Wolobah, Paqui, Wolobah, Pepper, “, ”, —, Sara Smart, Richard Davis Organizations: CNN Locations: Massachusetts, Carolina

☆ China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on Friday. Some of the weakness speaks to genuine sluggish demand in China at present. The firm expects this week's economic data releases to show a "softening in economic momentum," affirming its forecasts for the central bank to cut rates by the end of June. "Some of the weakness speaks to genuine sluggish demand in China at present," said Hui Shan, Goldman Sachs' China chief economist, in a note Sunday. Businesses' loan demand fallsNew bank loans to businesses and government organizations dropped sharply in April from March, as did new loans to households, according to official data accessed through Wind Information.

Persons: Hui Shan Goldman Sachs, Louise Loo, Goldman Sachs, Hui Shan, Goldman, RRR, Pan Gongsheng Organizations: Visual China, Getty, BEIJING, National Bureau, Statistics, Reuters, Finance, Oxford Economics, People's Bank of, Information, Clocktower, CNBC Locations: Lianyungang, Jiangsu Province, China, —, Beijing, People's Bank of China

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ Got a spare $324 million? Buy a slice of this strategic Arctic archipelago
▼ + stars: | 2024-05-14 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —The last piece of privately-owned land in the Arctic archipelago Svalbard is up for sale for a cool 300 million euros ($324 million). The Arctic is of increasing geopolitical importance as climate change melts sea ice. The land is governed by the Svalbard Treaty. Knight FrankAn eventual buyer will in fact acquire Aktieselskabet Kulspids, a privately owned Norwegian limited company which owns the land. The purchaser will have to come from one of the 46 nations that have ratified the Svalbard Treaty, which established Norwegian sovereignty over the archipelago.

Persons: Knight Frank, Knight Frank “, Wedel, Kyllingstad, ”, Jonathan Webb, Zeiler Floyd Zadkovich, Webb Organizations: CNN, “ Locations: Svalbard, Norway, Longyearbyen, Norwegian, Oslo, Svalbard Treaty, China

☆ 'Wealth can be pretty isolating': Problems that rich people face, according to therapists
▼ + stars: | 2024-05-14 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

While wealth can bring with it some unconventional problems — such as being denied an invite-only Ferrari and accidentally destroying swathes of coral reefs with a 300-foot yacht — most other problems that the rich face may not be as esoteric as we think. They dismiss rich people's mental health concerns as insignificant and of diminished importance," Paul Hokemeyer, a clinical psychotherapist who treats the ultra rich, told CNBC. Paranoia and distrustWealth can cause people around the super rich to view them as objects, Hokemeyer observed. People who are rich tend to be of higher social status, and those who live in diminished states of power are often drawn to them. Against this backdrop, the super rich tend to become more suspicious of people's motives in associating with them.

Persons: Ferrari, Paul Hokemeyer, Amanda Falkson, Maria Korneeva Organizations: CNBC, Drayson, Psychotherapy Locations: Drayson Mews

☆ More young people are being diagnosed with cancer. 3 lifestyle changes could reduce your risk, according to a cancer dietitian.
▼ + stars: | 2024-05-14 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Read previewA dietitian specializing in cancer prevention told Business Insider that simple lifestyle changes can be powerful when it comes to reducing the risk of developing cancer. The rates of younger adults being diagnosed with cancer have been rising since the '90s, according to the American Cancer Society, with colorectal, breast, and stomach cancers a particular concern. But certain lifestyle choices can help to prevent cancer, Tejal Parekh, a registered and licensed dietitian who specializes in helping mesothelioma patients reduce cancer symptoms through diet at Asbestos.com, told Business Insider. Research suggests that diets high in salt are linked to an increased risk of stomach cancer. Exercise regularly and maintain a healthy weightBeing physically active for at least 30 minutes daily can help prevent cancer, Parekh said.

Persons: —, Tejal Parekh, dietitian, Parekh, Parekh it's Organizations: Service, American Cancer Society, US Centers for Disease Control, Business, International Agency for Research, Cancer, Research, CDC, Health Organization, National Cancer Institute

☆ Biden, Trump face 'massive tax cliff' amid budget deficit, experts say
▼ + stars: | 2024-05-14 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The next U.S. president will face trillions in expiring tax breaks. While President Joe Biden and former President Donald Trump have shared early proposals, the federal budget deficit could complicate plans, experts say. Many TCJA tax breaks are temporary and slated to sunset after 2025 unless Congress passes legislation to extend them. "It's a massive tax cliff," said Erica York, senior economist and research manager with the Tax Foundation's Center for Federal Tax Policy. Here's why prices still aren't going downHowever, the federal budget deficit will be a "huge sticking point" amid tax negotiations, York said.

Persons: Joe Biden, Donald Trump, Erica York, Biden, York, Howard Gleckman Organizations: Trump, Tax, Center, Federal Tax, Finance, Congressional, Urban, Brookings Tax Locations: Washington

☆ China is kicking off a $138 billion bond sale to help boost its flagging economy
▼ + stars: | 2024-05-13 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

China is about to start selling $138 billion in long-dated sovereign bonds, the finance ministry said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina will start selling bonds this week in a bid to boost its faltering economy. The finance ministry said it will issue 30-year sovereign bonds worth 40 billion yuan ($5.5 billion) on Friday in the first of several sales aimed at raising 1 trillion yuan ($138 billion) overall. Beijing revealed its plans to start selling ultra-long sovereign bonds in March.

Persons: —, Premier Li Qiang Organizations: Service, Premier, Business Locations: China, Beijing

☆ Catalan separatists lose majority as Spain’s pro-union Socialists win regional elections
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: +6 min

A pro-unity rally marches through Barcelona, Spain, on October 8, 2017, in response to last Sunday's disputed referendum on Catalan independence. This was the first time the Socialists led a Catalan election in both votes and seats won. Illa led Spain's response to the COVID-19 pandemic before Sánchez sent him back to Barcelona to lead his party. The Socialists are already in a coalition government in Madrid with the Sumar party, which now has six seats in the Catalan parliament. Separatists have held the regional government in Barcelona since 2012 and had won majorities in four consecutive regional elections.

Persons: Carles Puigdemont, Salvador Illa savored, Illa, Catalonia's, Sánchez, bode, Pedro Sánchez, Puigdemont, pardoning, Puigdemont's, Pere Aragonès, Vox Organizations: Socialist Party, Socialists, Sánchez's Socialists, Republican, Popular Party, Catalan Alliance Locations: Barcelona, Spain, Catalonia, Madrid, Catalan, France, Spain's, Spanish, Catalans

☆ Apple, Tesla and Starbucks struggle in China’s economic slump after making a fortune for decades
▼ + stars: | 2024-05-13 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt. Tesla’s China market share shrank to 4% in April, almost halving from 7.7% in March, according to data released by the China Passenger Car Association on Friday. In the 1990s, “every company in the West” was hiring consultants and having boardroom meetings about how to do more in China, according to Stevenson-Yang. He added that he continues to feel optimistic about the Chinese market in the long term.

Persons: ”, Anne Stevenson, Yang, Stevenson, aren’t, Yang Wang, Kevin Frayer, Tim Cook, iPhones, Cotti, Luckin, Belinda Wong, “, McDonald’s, Wallace Organizations: Hong Kong CNN, China Passenger Car Association, J Capital Research, EV, Apple, Starbucks, Counterpoint Research, Macao —, Huawei, China Academy of Information, Communications Technology, Luckin Coffee, McDonalds, KFC, Burger Locations: China, Hong Kong, Shanghai, United States, Germany, Brazil, Beijing, Greater China, Taiwan, Macao, Starbucks China, Dominos, India

☆ A former surgeon general shares his 4-ingredient smoothie recipe to reduce ultra-processed foods and live longer
▼ + stars: | 2024-05-13 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

Read previewGetting enough fruits and vegetables into your daily diet can be a challenge, especially if you overthink it. But it's crucial for your longevity and to help reduce your intake of unhealthy and harmful ultra-processed foods. United States Surgeon General Jerome Adams takes questions from news reporters outside the West Wing at the White House. Related stories"You don't even taste the spinach," Adams added. One smoothie ingredient he advises against is juice because it contains so much sugar.

Persons: —, Jerome Adams, Adams, Donald Trump, Tom Brenner, You'd, I've Organizations: Service, Business, Purdue University, United, Wing, White, Reuters

☆ A precision medicine doctor shares 5 diet tips that could help you live longer
▼ + stars: | 2024-05-13 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Dr. Florence Comite is a precision medicine doctor who specializes in healthy aging. She shared five diet tips she shares with patients to help them live longer. AdvertisementA precision medicine doctor shared with Business Insider six diet tips she gives her patients to help them live healthily for as long as possible. A separate study from 2023 found that people who ate diets rich in whole grains, nuts, and fruit lived around 10 years longer than those who consumed more red meat, processed foods, and sugary drinks. 10'000 Hours/ GettyDespite its name, the Mediterranean diet is more of an eating plan that is low in processed foods and red meat.

Persons: —, Florence Comite, jittery, Dietitians Organizations: Florence Comite, Service, Business, Allied Market Research, Comite Center, Precision Medicine & Health, Nutrition Board, National Academies of Sciences Engineering, Medicine, Comite Locations: Florence, York

☆ Meet the doomsayers waiting for the economy to crash
▼ + stars: | 2024-05-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

"The one thing that our economy is going to be guaranteed is a wartime economy," Daniel told Business Insider in an interview. Interest in ultra-bearish takes on the market or the economy is on the up based on raw search data. Google searches for "stock market crash" have jumped 17% over the last quarter, while searches for "economic crash" have surged 15%, according to search analytics firm Glimpse. In both communities, users are sounding the alarm on all sorts of apocalyptic scenarios for the economy, with some predicting a stock market crash, housing market crash, or a total collapse of the US financial system. "Others may not be as lucky and could be constrained by them, and that could color their outlooks for the stock market and the economy."

Persons: —, Daniel, subreddit, Freddie Smith, Smith, aren't, Jonathan Rose, he's, Rose, there's, that's, Richard Sylla Organizations: Service, Genesis Gold, US, Northwestern Mutual, New York University Locations: Washington ,, Reddit, Florida

☆ Biden plans for higher taxes on the ultra-wealthy and corporations to extend middle-class tax breaks
▼ + stars: | 2024-05-10 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Director of the National Economic Council Lael Brainard speaks at the White House in Washington, D.C., on January 11, 2024. President Joe Biden's top economic advisor on Friday laid out plans for the country's looming debate over trillions in expiring tax breaks enacted by former President Donald Trump. Several provisions from the Tax Cuts and Jobs Act, or TCJA, of 2017 will expire after 2025 without any changes from Congress. Those include lower federal income tax brackets, a higher standard deduction and doubled estate and gift tax exemption, among others. The Republicans' signature tax package also permanently reduced corporate taxes by dropping the top federal rate from 35% to 21%.

Persons: Lael Brainard, Joe Biden's, Donald Trump Organizations: National Economic, White, Washington , D.C, Republicans, Finance, Hamilton, Brookings Institution Locations: Washington ,

☆ Port of Virginia CEO on plans to become the No. 1 destination for ultra-large vessels
▼ + stars: | 2024-05-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPort of Virginia CEO on plans to become the No. 1 destination for ultra-large vesselsStephen Edwards, CEO of the Port of Virginia, explains how massive container ships have upended port economics and why the completion of a $450 million dredging project in Norfolk Harbor will lead the port to the top position in servicing these vessels on the East Coast of the U.S.

Persons: Stephen Edwards Locations: Port, Virginia, Port of Virginia, Norfolk, East Coast

☆ Tim Cook wore one-of-a-kind Nike Air Max 1 sneakers entirely designed on an iPad during an Apple product launch
▼ + stars: | 2024-05-09 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +2 min

Apple CEO Tim Cook donned Nike Air Max 1 '86s created, in part, using Apple products. Cook kicked off Apple's livestream event on Tuesday while wearing one-of-a-kind Nike Air Max 1 '86 sneakers. A Nike representative told Business Insider that the sneakers were inspired by Apple's new products: the iPad Pro and Apple Pencil Pro. Apple"Starting with our iconic Nike Air innovation, the one-of-one Air Max 1 '86 was designed entirely on the all-new iPad Pro with the first-ever Apple Pencil Pro. Apple iPad Pro.

Persons: Tim Cook, —, Cook Organizations: Apple, Nike Air Max, Service, Nike, Business

☆ Port of Virginia is making big changes to become No. 1 on the East Coast for super-sized ocean containerships
▼ + stars: | 2024-05-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The dredging project is expected to be completed in Fall 2025, making the Port of Virginia the deepest and widest harbor on the East Coast. "Ultra-large container vessels have challenged every port," said Stephen Edwards, CEO of the Port of Virginia. Edwards said the port was able to quickly absorb Baltimore freight because of the ocean carrier service overlap in calling on the Port of Virginia, Baltimore and Port of New York/New Jersey. In January, the port became the first East Coast port to power all its terminals with 100% clean energy, eight years ahead of the 2032 target it set for that goal. The expansion will increase the fleet at NIT to 152 electric stacking cranes, seven electric rail cranes, and 31 electric ship-to-shore cranes.

Persons: Lori Ann LaRocco, Stephen Edwards, " Edwards, Edwards, It's, Good Hope, D'Andrae Larry, Larry, Jones, monopiles, Monopiles Organizations: NIT, CNBC, U.S ., Commonwealth, Walmart, Maersk, Port, Baltimore, Rail, Norfolk International, Uber, Virginia Department of Transportation, Dominion Energy, Rappahannock Electric Cooperative, ClearView Energy Partners, of Ocean Energy, U.S, District of Columbia, Dominion Locations: Port of Virginia, Port, Virginia, U.S . East Coast, Norfolk, Coast, of Virginia, East Coast, U.S, Delaware, South, Southeast Asia, Northeast Asia, India, Red, Suez, Good, Baltimore, Port of Baltimore, Port of New York, New Jersey, of Virginia's, Commonwealth, Norfolk , Virginia, East, Virginia Beach

☆ Opinion: Trump’s congestion pricing outrage is classic ‘dead cat’ strategy
▼ + stars: | 2024-05-09 | by ( Opinion Rosa Prince | ) edition.cnn.com time to read: +8 min

In short, Trump’s New York congestion comment was classic dead cat. In the same Truth Social message, the former president mused about the impact of congestion pricing elsewhere in the world. After all, congestion pricing has been introduced in a number of cities, from Singapore to Stockholm, over the past 25-odd years. I live about four miles from the edge of the congestion zone, and it’s never once been a problem to circumvent. By most metrics, London’s congestion pricing experiment has been a resounding success.

Persons: Rosa Prince, Read, Donald Trump, ”, Rosa Prince Rosa Prince Here, Stormy Daniels, mused, It’s, “, I’m, it’s, Akmen, they’re, Boris Johnson, there’s, Sadiq Khan, Ella Roberta Adoo, Khan, Mayor Khan, he’s Organizations: Politico UK, London CNN — Former, New, Big Apple, Getty, Conservative, Transport, London, Labour Party, Trump, TfL, CNN, Twitter, New Yorker Locations: New York City, New York, Singapore, Stockholm, London, AFP, It’s, Manhattan, London —, England, New

☆ Dollar holds its ground as key inflation data looms
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +2 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. Japan's top currency diplomat Masato Kanda on Thursday reiterated a warning that Tokyo is ready to take action in the currency market. The dollar index rose to 0.05% to 105.55, while the Japanese yen was mostly flat at 155.59 per greenback. The BOE is likely to take another step towards its first interest rate cut in four years as inflation falls.

Persons: Masafumi Yamamoto, Masato Kanda, Susan Collins, Sterling, BOE, bitcoin Organizations: Federal Reserve, Bank of, Mizuho Securities, Traders, PPI, Fed Bank of Boston, European Central Bank Locations: Buenos Aires, Argentina, Japan, U.S, United States, Tokyo, —

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