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Wall Street Set For Tepid Open With Fed Minutes In Focus

U.S. stock indexes were set for a muted open on Wednesday as investors awaited minutes from the Federal Reserve's meeting last month for clues on the health of the economy and the pace of interest rate hikes to combat spiking inflation.
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KLM airplanes are seen parked at Schiphol Airport in Amsterdam, Netherlands April 2, 2020.

Dutch Airline KLM Sued Over 'Greenwashing' Ads

Environmental groups are suing the Dutch subsidiary of Air France KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are.
A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015.

UK Markets Shrug At Johnson Political Drama, Brace For More

British markets braced on Wednesday for more political drama, as Prime Minister Boris Johnson was rocked by further ministerial resignations and calls for him to go, although traders were reluctant to take new positions given the uncertainty.
A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015.

UK Markets Shrug Off New Political Drama But Brace For More

British markets on Wednesday braced for more political drama as Prime Minister Boris Johnson was rocked by further ministerial resignations and calls for him to go, although traders were reluctant to take new positions given the uncertainty.
A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015.

UK Markets Brace For Prolonged Political Uncertainty

British markets braced for more political uncertainty on Wednesday, with investors keen to see if the new finance minister loosens the purse strings and wondering whether Prime Minister Boris Johnson will survive an exodus of support.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

Global Corporate Debt To Drop Amid Higher Funding Costs, Study Finds

Global corporate net debt has fallen by 1.9% to $8.15 trillion in the past year as higher borrowing costs reduce appetite for new financing and strong cash flows from years of accommodative monetary conditions help companies repay existing debt, a study of 900 top firms released on Wednesday showed.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Global Markets Steady But Recession Fears Remain

Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10% plunge a day earlier.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Dollar Reigns As Investors Fear Recession Pain

Asian stocks fell and the dollar stood by a two-decade high on the euro on Wednesday as investors' fears deepened that the continent is leading the world into recession, while oil and European equity futures made a wobbly attempt to steady.
British pound banknote is displayed on U.S. Dollar banknotes in this illustration taken, February 14, 2022.

Dollar Dominant As Recession Fears Hit Euro, Pound Bruised

The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers as higher gas prices and political uncertainty renewed recession fears and sent investors scrambling to the safe-haven currency.

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