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Russian rouble firms past 57 to the dollar for first time in four years

May 24 (Reuters) - The Russian rouble strengthened to levels not seen since March 2018 against the dollar on Tuesday, boosted by export-focused companies selling foreign currency to pay taxes and shrugging off a slight easing of capital controls. The rouble has firmed about 30% against the dollar this year...
MARKETS
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Bitcoin Price May Crash to $8,000

After last week's thrashing, cryptocurrency investors probably don't want to hear any more discouraging words. Unfortunately, one stock analyst believes that bitcoin could hit fall even lower than it has recently. 'A Lot More Room to the Downside'. "When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate...
STOCKS
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France reassures Ukraine it will be part of European Union

PARIS, May 24 (Reuters) - Ukraine will eventually be part of the European Union, France's Europe minister said on Tuesday, reassuring Kyiv that an initiative to forge closer ties between the bloc and aspiring members would not replace their bids to join. French President Emmanuel Macron earlier this month suggested...
POLITICS
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Explore Germany for just nine euro with this special summer travel pass

Germany will sell 9€ monthly transit tickets in June, July and August. © Shutterstock / D Busquets. If you're planning a visit to Germany this summer, a new travel pass could help you shave your transit expenses. After many months of negotiations, the German federal government approved a...
TRAVEL

Sterling falls to a more than one-week low versus euro

LONDON, May 24 (Reuters) - Britain’s pound fell to a more than one-week low against a strengthening euro on Tuesday but was little changed against the U.S. dollar ahead of data that could provide a clearer picture of the UK’s growth outlook. At 0753 GMT, the pound was...
MARKETS

Dollar at one-month low as Lagarde comments lift euro

NEW YORK, May 24 (Reuters) - The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost. Lagarde's comments implied...
BUSINESS
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Austria sells first ever green bond

May 24 (Reuters) - Austria became the latest government to enter the green bond market with a 4 billion euro ($4.3 billion) debt sale on Tuesday. The bond, due to mature on May 23, 2049, priced for a yield of 1.876%, and Austria's Treasury retained 250 million euros of the issuance, it said.
ECONOMY

Spain to spend 12.25 bln euros on microchip industry

MADRID, May 24 (Reuters) - Spain's government has approved a plan to spend 12.25 billion euros ($13.12 billion) on the semiconductor and micro chip industry by 2027, Economy Minister Nadia Calvino said on Tuesday, including 9.3 billion euros to fund the building of plants. The programme that consists mostly of...
BUSINESS

Generali lifts Cattolica stake to 91.5%

MILAN (Reuters) - Italy’s top insurer Generali has raised its stake in smaller rival Cattolica Assicurazioni to 91.5% after a reverse accelerated book-building (RABB) procedure, it said on Tuesday. Generali paid around 105.3 million euros ($112.91 million) to buy further 15,604,182 Cattolica’s shares - or around 6.8% of its...
BUSINESS
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Air France-KLM launches 2.3 billion euro share sale

PARIS, May 24 (Reuters) - Air France-KLM (AIRF.PA) on Tuesday launched a 2.26-billion-euro ($2.41 billion) share sale to shore up its balance sheet and repay some French state aid as it seeks shareholder backing to look beyond the pandemic and invest in resurgent air travel. The second rights issue in...
INDUSTRY