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Press Releases

UPDATE 1-China adjusts yuan midpoint mechanism - sources

SHANGHAI, Feb 20- China tweaked its formula for setting daily reference midpoints for its yuan currency on Monday, three sources with direct knowledge of the matter said, in what was seen as authorities' latest move to help curb speculation in the currency. Global attention on China's exchange rate policy has intensified since its foreign exchange reserves...

Source: Reuters

FOREX-Risk-on mood, signs from French left prod euro higher

LONDON, Feb 20- The euro recovered some ground against the dollar on Monday after weekend talks aimed at finding a leftist unity candidate for France's presidential election showed little sign of progress. News that Socialist Benoit Hamon and hard-left rival Jean-Luc Melanchon were discussing cooperation in their bid for the presidency weakened the euro...

Source: Reuters

Earnings recession could change to a positive trend: Pro

Daniel Lacalle, CIO at Tressis Gestion, discusses the earnings season so far this quarter.


Bovis Homes earnings and the UK housing crisis

CNBC's Gemma Acton speaks about Bovis Homes' latest earnings and explains how the U.K. government is changing its philosophy on housing.


Food stocks a place to hide from quantitative easing: Allianz

Neil Dwane, global strategist at Allianz Global Investors, discusses Kraft Heinz's decision to drop its bid for Unilever.


Top designers gather for London fashion week

CNBC's Tania Bryer discusses the British fashion industry's response to Brexit.


Euro to test parity in coming months: Strategist

Roy Teo of ABN AMRO Bank talks about euro direction and when the Federal Reserve will hike interest rates this year.


FOREX-Dollar sags on lower yields, euro dogged by political concerns

TOKYO, Feb 20- A slide in U.S. bond yields pressured the dollar against the yen on Monday, while the euro struggled for traction after suffering significant losses at the end of last week on renewed concerns about the upcoming French elections. Markets, already nervous over the possibility of a win for far-right, anti- European Union candidate Marine Le Pen, were...

Source: Reuters

Best outcome from Brussels meeting on Greece crisis? No breakdown in talks

It is a long shot to break the impasse on Greek debt at the Brussels meeting, but an agreement to continue talking could be the best outcome.


Japan’s efforts to end ‘death by overwork’ will have unintended consequences: Deutsche Bank

Japan's efforts to put the kibosh on karoshi, or "death by overwork," by addressing excessive overtime could hit economic growth, Deutsche Bank said.