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The popular ‘carry trade’ is unwinding — and economists fear Fed rate cuts could make matters worse

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Pedestrians walk past a currency exchange shop in central Tokyo on April 17, 2024.Richard A. Brooks | Afp | Getty ImagesRapid interest rate cuts...
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UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners

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A row of traditional houses on a street in London's Muswell Hill suburb, located to the north of London, with views of the Canary...
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European markets head for mixed open ahead of Bank of England decision

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General view of the Bank of England building in London.Sopa Images | Lightrocket | Getty ImagesLONDON — European markets are set to open mixed...
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HSBC shares rise 2% after profit beat, $3 billion buyback announcement

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Aaron P | Bauer-Griffin | GC Images | Getty ImagesLONDON — Europe's largest lender HSBC on Wednesday declared a share buyback program of up...
Bussiness

Revolut moves global HQ to heart of London’s financial district as it awaits UK bank license

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A mockup of what Revolut's new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on...

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