Category: Forex News

TOKYO (Reuters) – Japanese factory activity shrank at the fastest pace in over three years in October, largely hurt by slumping new orders and output, in yet another sign of broadening economic cracks in the face of slowing global demand and trade frictions.FILE PHOTO: A man walks past a factory at the Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon The weak reading…

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Jeffrey Vinik, the billionaire investor who relaunched his hedge fund earlier this year, is cutting his comeback tour short. “It has been much harder to raise money over the last several months than I anticipated,” Vinik said in a letter dated Wednesday to investors. The Wall Street Journal first reported the news. CNBC later confirmed it. “The climate for raising long-short equity hedge fund assets has been far more difficult than…

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HONG KONG (Reuters) – The British pound stabilised on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-U.S. trade headlines. Currency markets are also sticking to tight ranges ahead of key central bank meetings this week and next with the euro zone, Japan and United States due to review policy. Sterling held at $1.2911 after Britain’s…

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