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Euro jumps, shares firm on French election relief

SYDNEY The euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades.

Recent Business News

Credit Suisse to make capital hike decision after AGM: report

ZURICH Credit Suisse will not decide on how it wants to raise fresh capital until after this week's annual general meeting, SonntagsZeitung reported on Sunday.

Apr 23 2017

Trump's 'big announcement' on tax to be broad principles: official

WASHINGTON President Donald Trump's promised "big announcement" next week on overhauling the U.S. tax code, a top campaign pledge, will consist of "broad principles and priorities," an administration official said on Saturday.

Politics, Election 2016, U.S. Apr 22 2017

Trump tax plan may produce some short-term budget issues: Mnuchin

WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration's tax reform plan would produce some "short term issues" when viewed under traditional "static" budget analysis rules.

Politics, Election 2016, U.S. Apr 22 2017

IMF members set aside trade split as French vote rattles nerves

WASHINGTON International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election.

Apr 22 2017

Local, global security firms in race along China's 'Silk Road'

SHANGHAI/BEIJING Global security companies and their smaller Chinese rivals are jostling for business along Beijing's modern-day "Silk Road", the grandiose plan for land and sea routes connecting the world's second largest economy with the rest of Asia and beyond.

Apr 23 2017

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