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Lebanon to devalue currency by 90% on Feb. 1, central bank chief says
Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years.
Morning Bid: Fed games
A look at the day ahead in markets from Stephen Culp, New York stock market reporter.
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Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes
- TechnologyCloud firm NetApp to cut 8% of global workforce amid tech layoffs
NetApp Inc said on Tuesday it would cut roughly 960 jobs, or about 8% of its global workforce, as the cloud data management firm grapples with tough economic conditions that have crimped customer spending.