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European markets close lower as global sentiment falters on recession fears

European markets close lower as global sentiment falters on recession fears

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Slowdown in private equity deals set to continue in 2023, says fund manager The slowdown in private equity transactions is expected to continue in the first quarter of 2023, according to a trust fund manager at Abrn. Alan Gauld, trust fund manager of private equity opportunities at Abrn, discussed the company’s 2023 outlook for private …

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European markets fall slightly as investors gauge China's Covid relaxation and oil moves

European markets fall slightly as investors gauge China’s Covid relaxation and oil moves

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Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …

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European Central Bank Says Bitcoin Is On “Road To Irrelevance”

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

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The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has strongly criticized bitcoins Wednesday, saying the cryptocurrency is on a “path to irrelevance.” In a blog post titled “Bitcoin’s Last Stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff …

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European Markets Stall as China Covid Policy Takes Center Stage; HSBC up 5% on RBC deal

European Markets Stall as China Covid Policy Takes Center Stage; HSBC up 5% on RBC deal

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Ryanair bookings ‘very strong’ says CEO, despite cost of living pressures Christmas is shaping up to be “very strong” for Ryanair, CEO Michael O’Leary has said. ATTILA KISBENEDEK/Contributor/Getty Images The Ryanair CEO said Christmas bookings were “very strong” when he spoke to reporters in Brussels. “This winter is amazing…Christmas is very strong,” said Michael O’Leary. …

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Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

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Speech by Christine Lagarde, President of the ECB, at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament Brussels, 28 November 2022 Over the past 12 months, the ECB has embarked on a rapid and comprehensive process of monetary policy normalization. First, we ended net asset purchases within months. Then …

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