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Bitcoin falls 4% to $99,237

(Reuters) -Bitcoin, the world’s largest cryptocurrency by market value, was down by 4.13% at $99,237 at 10:52 a.m. ET (1452 GMT) on Sunday. Ether, the second-largest cryptocurrency, was down by around 8.52% at $2,199. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Lisa Shumaker)

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

By Suzanne McGee, Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) -A U.S. attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The reaction in Middle East stock …

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Data on Novo Nordisk experimental weight-loss drug show mostly mild side effects

By Deena Beasley (Reuters) -Novo Nordisk on Sunday said full results from two late-stage trials of its experimental weight-loss drug CagriSema show that side effects were mainly mild-to-moderate and other outcome results, including blood sugar levels, were positive. The company had previously announced top-line results for the 68-week studies, which found that CagriSema led to …

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Maersk continues to sail through Strait of Hormuz, company says

OSLO (Reuters) -Maersk vessels continue to sail through the Strait of Hormuz but the company was ready to re-evaluate this based on available information, the group said in a statement on Sunday, following U.S. strikes on Iranian nuclear facilities overnight. “We will continuously monitor the security risk to our specific vessels in the region and …

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Euro zone needs more ECB stimulus, policymaker Centeno tells paper

MILAN (Reuters) -The euro zone economy is weak and needs “further stimulus” from the European Central Bank, ECB policymaker Mario Centeno said in an interview with the Italian daily La Stampa published on Sunday. The ECB cut interest rates for the eighth time in a year earlier this month to support a sluggish recovery in …

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UK to issue 10-year industrial strategy aimed at boosting growth

LONDON (Reuters) -Britain is poised to publish a 10-year, multibillion-pound industrial strategy next week aimed at backing priority sectors, creating jobs and driving long-term economic growth. Prime Minister Keir Starmer’s government has been working on a blueprint for the next decade as part of its wider “Plan for Change”, under which it seeks to overhaul …

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BP shortlists former Centrica chief Laidlaw as potential chair, Sky News reports

(Reuters) -BP is considering Sam Laidlaw, the former chief executive of British Gas owner Centrica, as a leading candidate to succeed Helge Lund as chair, Sky News reported on Saturday. The timing and status of Laidlaw’s engagement with BP remain unclear, the report said. Ken MacKenzie, who retired as chair of mining group BHP earlier …

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SNB’s Schlegel still ready to intervene in forex markets despite U.S. list

ZURICH (Reuters) -The Swiss National Bank is ready to intervene in foreign currency markets to hit its inflation target, Chairman Martin Schlegel said, despite Switzerland recently being added to a U.S. watch list on currency manipulation. The SNB, which cut its key interest rate to zero on Thursday, uses interest rates to steer inflation to …

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Head of Russia’s Rosneft says OPEC+ could speed up oil output hikes by a year

By Olesya Astakhova and Vladimir Soldatkin ST PETERSBURG, Russia (Reuters) -OPEC+ group of leading global oil producers could bring forward its output hikes by around a year from the initial plan, Igor Sechin, head of Russia’s largest oil producer Rosneft, said on Saturday. He also said that the decision by the OPEC+ to speed up …

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