Paul Robson News
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U.K. government bonds fell, pushing 10-year yields to the highest level in seven weeks, as signs the world economy is improving damped demand for safer assets.
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U.K. government bonds fell, pushing 10-year yields to the highest level in six weeks, as an improved gauge of employment confidence weakened the case for the Bank of England to resume asset purchases.
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Cisco Systems Inc., the world’s largest maker of networking equipment, must pay patent-licenser XpertUniverse Inc. $70 million in civil fraud damages in connection with a failed partnership, a federal jury decided.
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Rihanna’s album “Unapologetic” is 49 percent more expensive to buy from iTunes in Australia than the U.S., prompting the nation’s parliament to summon Apple Inc. and other technology companies to explain how they set prices.
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The pound depreciated against the euro, approaching its weakest level in 15 months, as Mark Carney prepared to testify to U.K. lawmakers before he becomes Bank of England governor in July.
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The euro extended yesterday’s advance against the dollar amid speculation that China will take more steps to boost economic growth, fueling demand for higher- yielding assets.
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Mitsubishi UFJ Financial Group Inc., Japan’s biggest publicly traded bank, said it suspended two London-based traders as investigators probe the suspected manipulation of benchmark interest rates.
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The pound fell for a second week versus the dollar after Bank of England policy maker David Miles said the central bank should increase stimulus and look at new measures to boost Britain’s economy.
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The euro strengthened above $1.27 for the first time since June amid optimism a bond-purchase program announced by the European Central Bank will help contain the region’s debt crisis.
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The pound fell to the weakest level in 11 months versus the euro before data tomorrow that economists said will show U.K. gross domestic product shrank last quarter.
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