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Goldman, Morgan Stanley deny plans for Frankfurt office switch after Brexit
U.S. investment banks Goldman Sachs (GS.N) and Morgan Stanley (MS.N) have denied speculation they are poised to shift London-based staff and operations to Frankfurt as soon as Britain's divorce proceedings from the European Union formally begin.
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UK minister says EU single market access is top goal, businesses decry lack of plan
Securing access to the European Union's single market is the top goal in Brexit negotiations, Britain's business minister said on Tuesday, as a business group warned the government was a long way from having a clear plan for its future ties with the bloc.
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Post-Brexit global equity loss of over $2 trillion worst ever: S&P
The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.
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Sterling, global stocks rise as markets bet Britain will remain in EU
Sterling climbed to a 2016 high and global stocks rallied as investors bet Britons were likely to vote to remain in the European Union.
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EU agrees extending Russia economic sanctions, formal decision pending: sources
The European Union's Brussels envoys agreed on Tuesday to extend until the end of January the energy, financial and defense sanctions on Russia over the conflict in Ukraine, but formal approval is still pending, diplomatic sources said.
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With oil price near $50, resilient U.S. shale producers eye new chapter
Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency.
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Heavy trading predicted around Brexit vote
U.S. stock markets could see heavy trading and increased volatility as investors position for next week's referendum on whether Britain remains in the European Union.
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Kurds ready for new oil deal with Baghdad if they get $1 billion a month
Iraq's Kurds said they are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports if it guarantees them monthly revenue of $1 billion, more than double what they make currently from selling oil.
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