Sterling appreciates toward highest level in four years on jobs data

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Source: Bloomberg
The British Sterling reached the highest level in four years against the greenback as the U.K. jobless rate dropped more than forecasted by analysts. The U.K. currency added 0.4% to $1.6801 as of 10:36 a.m. in London, after advancing to $1.6823 on February 17, the strongest since November 2009. The currency climbed 0.2%, making it the third straight day of gains, to 82.37 pence.
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Thu, 17 Apr 2014 06:01:06 GMT

Asia's shares rise on Yellen comments

The majority of Asian-Pacific shares increased on Thursday trading session after the U.S. Federal Reserve Chairman Janet Yellen commented that the rate may stay low until inflation in the country gains momentum pushing the Wall Street stocks higher. The MSCI broadest Asia-Pacific gauge outside Japan added 0.33% and the Australian stock index gained 0.5%

Wed, 16 Apr 2014 12:08:05 GMT

Credit Suisse results miss estimates due to investment banking

Credit Suisse Group AG, one of the largest banks in Switzerland, announced a considerable 34% decline in profit for the January-March period of 2014, as income in its investment division plummeted. Net profit reached 859 million francs after 1.3 billion francs a year ago. Today, Credit Suisse Group AG shares are slumping 1.4% to 27.45 francs per share by 9:30

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