Google at odds with U.S. over protective order for firms tied to lawsuit: court filing

© Reuters. FILE PHOTO: Logo of Google is seen in Davos WASHINGTON (Reuters) – Alphabet (NASDAQ:)’s Google and the U.S. Justice Department have failed to reach agreement over a protective order for third parties like Microsoft that provided data to the government for its lawsuit against the search and advertising giant. Google is pressing for […]

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Strong EU Data Props up Euro, Pound Neglects Rising Odds of No-deal Brexit

The dollar remains under pressure ahead of the Fed meeting, while it seems that risky assets are getting rid of fears of extension of the bearish pullback. As for the outcome of the meeting, a combination of revised economic forecasts and a promise to keep rates low for longer is likely to cause a rally […]

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EURUSD: Odds are Skewed to Extension of the Upside Move

Eurozone recorded the worst drop of GDP in history in 2Q. But markets are driven by expectations about future growth and outlook for economic momentum of the EU is definitely better than of virus-stricken US. Eurozone GDP contracted by 12.1% QoQ in 2Q. The EU has never felt so badly economically. And although activity has […]

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AUD: Labour Market Data Disappoints in May, Raising Odds for Extended Reversal

Unlike in the US, Australian labor market, to the surprise of many, not even failed to rebound in May, but continued to deteriorate, putting pressure on the RBA to hint about fresh easing measures. The number of jobs in the economy declined by 227 thousand, with expectations of approximately half less (-125K). The size of […]

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Long Odds: China’s bet on REITs draws sceptics

By Samuel Shen, Yawen Chen and Clare Jim SHANGHAI/BEIJING (Reuters) – China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market. In many countries REITs are […]

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