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Yen rally: slam dunk or widowmaker?

LIVE MARKETS-Yen rally: slam dunk or widowmaker? STOXX 600 up 0.8% Kingfisher soars on results Central banks in focus Wall St futures inch up Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com YEN RALLY: SLAM DUNK OR WIDOWMAKER? Bets against Japanese government debt and the yen JPY=EBS can cause surprise, catastrophic losses.
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Can Trump weaken the dollar?

LIVE MARKETS-Can Trump weaken the dollar? STOXX 600 up 0.7% Kingfisher soars on results Central banks in focus Wall St futures inch up Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CAN TRUMP WEAKEN THE DOLLAR? The impact of U.S. presidential elections on the greenback is a topic of intense debate among analysts.
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UMG, Taylor Swift's music label, sees higher profit, helped by superfans

UPDATE 2-UMG, Taylor Swift's music label, sees higher profit, helped by superfans Taylor Swift's music label holds capital markets day UMG sees 10% annual EBITDA growth through to 2028 Sees 7% annual revenue growth in the period Event an opportunity to address subscription revenue concerns Adds consensus, subscription growth figure and context, analyst quote, META partnership context Sept 17 (Reuters) - Universal Music Group UMG.AS said on Tuesday it expects annual core profit growth of more tha
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Hedge fund Citadel expands Global Fixed Income and Macro team

MOVES-Hedge fund Citadel expands Global Fixed Income and Macro team Adds new hire in paragraph 4, adds decline to comments in paragraph 10 By Nell Mackenzie LONDON, Sept 16 (Reuters) - Hedge fund Citadel said on Monday it has hired London-based portfolio managers for its Fixed Income and Macro business adding three new hires to start from November through next year.
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Hedge fund Citadel expands Global Fixed Income and Macro team

MOVES-Hedge fund Citadel expands Global Fixed Income and Macro team Adds context behind the hires and details from paragraph 3 By Nell Mackenzie LONDON, Sept 16 (Reuters) - Hedge fund Citadel said on Monday it has hired London-based portfolio managers for its Fixed Income and Macro business adding three new hires to start from November through next year.
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Brokerages lift S&P 500 target on hopes of Fed rate cut

FACTBOX-Brokerages lift S&P 500 target on hopes of Fed rate cut Updates forecasts for BofA Global Research's currency, UBS Global Research's UK and global GDP, J.P. Morgan's China GDP, Deutsche Bank's U.S. and China GDP and S&P 500 target, Goldman Sachs' headline CPI and euro area GDP and Citigroup's core PCE; Adds background in paragraph 2 and updates paragraph under U.S.
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UBS cuts oil price view for 2024 on weak demand outlook

FACTBOX-UBS cuts oil price view for 2024 on weak demand outlook Adds UBS forecasts, quotes and context Sept 16 (Reuters) - UBS cut its oil price forecasts for 2024, citing a weaker global demand outlook especially driven by a slowing Chinese economy. It lowered its price view for both Brent and WTI by $4 to $80 per barrel and $76 per barrel respectively.
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Money losing natgas producer BKV revives US IPO

UPDATE 2-Money losing natgas producer BKV revives US IPO Adds valuation in paragraph 2, background in paragraph 4 By Niket Nishant and Arathy Somasekhar Sept 16 (Reuters) - Loss-making natural gas producer BKV Corp BKV.N said on Monday it aims to raise up to $315 million through an initial public offering of shares, nearly two years after first filing to sell shares publicly.
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India bond yields set to dip on expectations of larger Fed rate cut

INDIA BONDS-India bond yields set to dip on expectations of larger Fed rate cut By Dharamraj Dhutia MUMBAI, Sept 16 (Reuters) - Indian government bond yields are expected to open lower at the start of the week, with odds tilting towards a larger rate cut as the Federal Reserve prepares to announce its monetary policy decision on Wednesday. The benchmark 10-year yield IN071034G=CC is likely to move between 6.77% and 6.80%, compared with its previous close of 6.7904%, the lowest since March 30, 20
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France's Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO

EXCLUSIVE-France's Rexel rebuffs $9.4 billion offer from Brad Jacobs-led QXO Recast from top with Rexel confirmation, adds background throughout By Anirban Sen Sept 15 (Reuters) - QXO QXO.O , the company billionaire Brad Jacobs is seeking to launch into building services, recently made an offer of around $9.4 billion to acquire Rexel RXL.PA that the French company on Sunday said it had rebuffed.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds CoreWeave, Barclays, Ares Management, Eni, Bain Capital, U.S. Steel, SoftwareOne; updates Vista Outdoor Sept 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1939 GMT on Friday: ** Swiss technology firm SoftwareOne Holding SWON.S is exploring a potential merger with smaller Norwegian competitor Crayon Group Holding CRAYN.OL , Bloomberg News reported on Friday, citing people familiar with the matter.
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Barclays struggling to sell stake in UK payments business, sources say

UPDATE 1-Barclays struggling to sell stake in UK payments business, sources say Barclays struggling to sell stake in UK payments arm -sources Fails to agree on price after private equity talks -sources Process complicated by takeover of payments partner -sources Adds additional Barclays comment in paragraph 8 By Amy-Jo Crowley and Emma-Victoria Farr LONDON, Sept 13 (Reuters) - Barclays BARC.L is finding it difficult to sell a stake in its British merchant payments business due to diverging views
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Barclays struggling to sell stake in UK payments business, sources say

Barclays struggling to sell stake in UK payments business, sources say Barclays struggling to sell stake in UK payments arm -sources Fails to agree on price after private equity talks -sources Process complicated by takeover of payments partner -sources By Amy-Jo Crowley and Emma-Victoria Farr LONDON, Sept 13 (Reuters) - Barclays BARC.L is finding it difficult to sell a stake in its British merchant payments business due to diverging views on its valuation, four people with knowledge of the matt
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Macquarie lowers oil price outlook for 2024 on weaker demand

FACTBOX-Macquarie lowers oil price outlook for 2024 on weaker demand Adds detail, context and adds Macquarie forecasts to table Sept 13 (Reuters) - Macquarie cut its oil price outlook for 2024 , citing lower demand especially driven by China as the key factor along with a well supplied oil market. It lowered its price view for both Brent and WTI by $2 per barrel to $80 a barrel and $75 per barrel respectively for the rest of the year.
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Carlyle's Sedgwick valued at $13.2 bln in investment deal with Altas

UPDATE 2-Carlyle's Sedgwick valued at $13.2 bln in investment deal with Altas Adds Stone Point co-CEO quote in paragraph 6 Sept 12 (Reuters) - Carlyle-owned CG.O claims management company Sedgwick said on Thursday it had secured an investment from private equity firm Altas Partners via a deal that valued it at $13.2 billion. The valuation is much higher than the $6.7 billion Sedgwick was worth when Carlyle made its initial investment in the company in 2018. Altas' investment in Sedgwick undersco
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Altas Partners to invest in Carlyle's Sedgwick

CORRECTED-UPDATE 1-Altas Partners to invest in Carlyle's Sedgwick Corrects company name throughout; the story was previously corrected to fix company name in media packaging code and remove a typo in headline Sept 12 (Reuters) - Private equity firm Carlyle Group -owned CG.O Sedgwick on Thursday announced a strategic investment from Altas Partners that will imply a total enterprise value of $13.2 billion.
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Britain's challenger banks boosted by capital rules revamp

ANALYSIS-Britain's challenger banks boosted by capital rules revamp Bank of England lightens capital rules on UK banks Big banks dominate market as minnows struggle with red tape Smaller lenders consolidating in 2024 to try to compete By Sinead Cruise and Lawrence White LONDON, Sept 12 (Reuters) - Revised UK bank capital rules have thrown a lifeline to smaller lenders struggling to poach market share from Britain's biggest banks, boosting their chances of offering more competitive rates in the 1
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Bank of England eyes growth with lighter bank capital reforms for UK lenders

UPDATE 4-Bank of England eyes growth with lighter bank capital reforms for UK lenders BoE revises approach to mortgage, small business lending New rules pushed back to Jan. 1, 2026, to aid implementation Reeves says reforms will help banks support growth, investment Adds comments from NatWest in paragraph 17, Forvis Mazars in paragraph 18, updates shares in paragraph 12 By Sinead Cruise LONDON, Sept 12 (Reuters) - The Bank of England aims to roll out revised new rules on how much capital UK bank
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Bank of England forges ahead with lighter bank capital reforms

Bank of England forges ahead with lighter bank capital reforms LONDON, Sept 12 (Reuters) - The Bank of England is pushing ahead with the rollout of revised new rules on how much capital UK banks must set aside to cope with future crises, as it juggles efforts to shock-proof lenders without hurting their global commercial interests. In a speech published on Thursday, the regulatory arm of the central bank said it would make "substantial amendments" to earlier proposed Basel bank capital reforms i
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Angel, Seadrill, EQT, DSV, RTX, Nippon Steel, Peninsula; Updates UniCredit Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1955 GMT on Wednesday: ** Angel Studios said on Wednesday it would go public in the U.S. via a merger with blank-check firm Southport Acquisition Corp in a deal valued at $1.6 billion.
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