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Dollar falls, US bond prices rise as Fed tone mildly dovish

NEW YORK The dollar touched its lowest in more than a year and U.S. Treasury prices rose on Wednesday after the Federal Reserve left interest rates unchanged and signalled it could begin to cut its massive bond portfolio in the coming months. | Video

Recent Business News

Facebook results beat estimates as mobile ad sales soar, stock at record high

Facebook Inc surpassed quarterly profit and revenue estimates on Wednesday as the social media giant found more ways to attract advertisers to its mobile app including its centrepiece product, the Facebook News Feed, sending its shares to an all-time high.

10:14pm BST

UK agrees $1.1 billion deal with EU to settle RBS state aid concerns

LONDON The British government said on Wednesday that the European Commission had accepted its plans to free Royal Bank of Scotland from its obligation to sell more than 300 branches after the lender's seven-year struggle to meet bailout requirements.

5:53pm BST

AT&T shares surge more than 4 percent, low churn helps

AT&T Inc shares jumped more than 4 percent on Wednesday, notching their biggest one-day percentage gain since March 2009, a day after the carrier said its bundled products had helped slow losses of its most lucrative wireless customers.

8:49pm BST

PayPal beats estimates, raises 2017 forecasts

PayPal Holdings Inc reported a better-than-expected quarterly profit as the payment processor's growing strategic partnerships helped boost payment volumes.

9:45pm BST

VW says cooperation with rivals is common industry practise

BERLIN Volkswagen said cooperation among carmakers on technical issues is a common industry practise but declined comment on allegations that it engaged in anti-competitive conduct with other German carmakers.

9:29pm BST
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TR Europe 178.61 + 0.83 +0.47%
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