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United Kingdom

Central Banks

UK jobless rate rises unexpectedly, wage growth steady

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LONDON Britain's jobless rate rose for the first time in almost two years at the end of 2017 and pay growth remained modest, keeping the Bank of England waiting for an acceleration in wages that would justify a new interest rate hike.

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Euro zone businesses lose some steam but are still fired up 1:17pm GMT

LONDON Euro zone business growth remained robust this month, with companies at their most optimistic in more than five years, a private-sector survey showed, despite indications higher prices and a stronger currency were taking a toll.

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Euro zone business growth lost some steam in February but still robust 11:02am GMT

LONDON Euro zone business growth remained robust this month, with firms at their most optimistic in at least 5-1/2 years in a purchasing managers' survey, despite indications that higher prices and a stronger currency were taking a toll.

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Euro, yield rise not unwarranted tightening - ECB's Vasiliauskas 10:25am GMT

FRANKFURT A rise in euro zone bond yields and the value of the euro currency is a natural reaction to the bloc's strong economic performance and not an unwarranted market tightening, European Central Bank policymaker Vitas Vasiliauskas said.

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Euro zone yields up as ECB speculation mounts 9:21am GMT

LONDON Euro zone government bond yields edged up on Tuesday as market speculation swirled over the next European Central Bank chief at a time when monetary policy is the main threat for bond markets.

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BOJ will struggle to raise rates this year - ex-central banker Shirai 6:29am GMT

TOKYO The new Bank of Japan leadership won't be able to raise interest rates this year as the central bank missed the best opportunity to do so in 2017, former BOJ board member Sayuri Shirai said on Wednesday.

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Latvian defence ministry says corruption claims may be disinformation campaign 20 Feb 2018

RIGA Corruption allegations that led to the suspension of Latvia's central bank governor on Tuesday may be part of a disinformation campaign aimed at damaging trust in the country and influencing October elections, its Defence Ministry said.

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EU chooses Spain's de Guindos for ECB vice-chair, paving way for German head 20 Feb 2018

BRUSSELS Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed European Central Bank Vice President Vitor Constancio in May, a move likely to boost the chances of a German becoming head of the ECB next year. | Video

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Guggenheim's Minerd warns of a possible replay of 1987 stock market crash 20 Feb 2018

NEW YORK Investors should brace for a possible replay of the 1987 stock market crash later this year, given this month's slump came against the backdrop of Federal Reserve interest rate hikes and rising inflation, Scott Minerd, Global Chief Investment Officer at Guggenheim Partners, said on Tuesday.

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With stimulus exit looming, communication challenges await new BOJ trio 20 Feb 2018

TOKYO The incoming Bank of Japan leadership looks similar to the one going out but its mission ahead will likely be much different - winding down extraordinary stimulus measures of the past five years and communicating how that will be done to the markets.