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Duty-free shopping group Global Blue sells for $1.3 bln
... in Europe reclaim sales tax on their shopping and offers its service through more than 270000 retail locations worldwide. Equistone, formerly Barclays Private Equity, bought Global Blue in 2007 in a deal valuing the business at 360 million euros.
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DIFC Weekly Economic Commentary: 13 May 2012
Trade balance in Germany recorded a surplus of EUR 13.7bn (sa) in Mar, unchanged from Feb, after exports grew 0.9% mom (sa) alongside a 1.2% rise in imports. Industrial production data for March was released in Germany, Italy, France and UK - with the ...
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The Opening Bell: Where currencies start for Friday, May 11, 2012
Not much to report on the local front today. Offshore we get a raft of news from China this afternoon including CPI, Industrial Production and Retail Sales. To subscribe to our daily Currency Rate Sheet email, enter your email address here.
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Australian Dollar Outlook -05/04/2012
Markets will look to the statement for hints of further policy easing this year and the affect the resiliently high Australian dollar is having on output. A dovish tone will likely see the Aussie lower. Majors: Mixed data out of the states saw US ...
28 votes
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CAD/JPY dip looks enticing
Fundamentally, it's a play on improvement in the US economy, higher Canadian rates and the Japanese desire for a weaker yen. Obviously the BOJ is the key risk. It's tough to say how much easing is priced in but I suspect we would see the yen fall ...
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Canadian Dollar Slides Against Majors
The Canadian dollar erased early European session's gains versus its major rivals in New York morning trading on Thursday. The loonie is presently quoted at 1.30 against the euro and 0.9839 against the greenback, down from previous highs of ...
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Australian Stock Market Report - Morning - 04/26/2012
The Aussie dollar rose from lows around US103.05c to highs of US103.60c and ended US trade near the highs. And the Japanese yen held between 81.06 yen per US dollar and JPY81.63 and ended US trade near JPY81.30. Benchmark crude oil prices rose on ...
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Banks' Dollar Funding Costs Decline to 8 1/2 Month Low in Europe
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 47 basis points below the euro interbank offered rate at 8:30 am in London from minus 47.5 on April 20, data compiled by Bloomberg show.
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Trading Week Outlook: April 23-27
GBP- UK GDP- Gross Domestic Product, the main measure of economic activity and growth, Wed., Apr. 25, 4:30 am, ET. After contracting by 0.3% q/q in Q4 2011, the preliminary estimate of the UK GDP is forecast to show the economy returning to growth by a ...
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European Economics Preview: Spanish Debt Auction In Focus
France is scheduled to auction securities including 2017 notes and 2018 inflation-linked debt for a maximum target of EUR 11 billion at around 4.50 am ET and 5.50 am ET. Markets are also keen on France as it comes just days ahead of the first round of ...
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FX AUD/USD: Well bid in early trading/stops eyed above 1.0310
The AUD/USD has traded as high as 1.0285 in early Asia, as US real money fund buying very late in the US session gave a bid tone into the Asian open. There is talk of some buying interest ahead of 1.0300, but stops loom above 1.0310 that may attract ...
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Aussie & NZ dollars power up on yen & USD
While the data followed a surprisingly strong reading of retail sales last week, short-term interest rate markets are not pricing in a rate rise in 2012. * New Zealand government bonds slip, sending yields as much as 9 basis points higher at the ...


