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German inflation at 2.4% in June

German inflation stood at 2.4% in June, preliminary data from the national statistics office showed on Tuesday.Analysts polled by Reuters had forecast the EU-harmonised consumer price index to come in at 2.5%.

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Economy
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Poland's Q1 current account revised to €951 million surplus

Poland's central bank revised the current account balance in the first quarter to a surplus of €951 million ($1.08 billion) from a deficit of €215 million indicated by preliminary monthly data, the bank said on Tuesday.($1 = 0.8778 euros)

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Economy
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Czechs to offer CZK 12 bln in bonds in July

The Czech Finance Ministry will offer 12 billion crowns ($564.10 million) worth of domestic government bonds in auctions in July, it said on Tuesday.The ministry said the maximum expected nominal value of bonds sold in auctions in the third quarter was planned at 50 billion crowns.The ministry add…

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Bonds
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Asia's crude oil imports tick up in June but uncertainty reigns: Russell

By Clyde RussellAsia's seaborne imports of crude oil lifted slightly in June but stayed near their lowest in more than a decade as the impact of Iran conflict crimped shipments from the Middle East.The top importing region is forecast to receive 20.71 million barrels per day (bpd) in June, up fract…

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Futures

An $8bln deal launches a poor man’s SpaceX

By Robert CyranDavid’s fight against Goliath had nothing on Rocket Lab’s NASDAQ:RKLB new mission. The space-launch vehicle and satellite maker on Monday agreed to acquire Iridium Communications NASDAQ:IRDM in a deal valued at $8 billion, including debt. They say they’re creating a vertically integr…

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StocksUS
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Apptronik launches robot training hub, unveils Apollo 2 humanoid robot

By Akash SriramGoogle-backed Apptronik unveiled a new robot training facility on Tuesday, betting that large-scale real-world data collection will accelerate the commercialization of humanoid robots.The Austin-based startup said the facility, developed with Google NASDAQ:GOOG DeepMind, is designed…

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StocksUS

Comcast consciously uncouples from TV marriage

By Jennifer SabaThirteen years after the fictional Kabletown came to an end, its real-world model is doing the same. Comcast NASDAQ:CMCSA, whose NBCUniversal aired the self-parodying sit-com “30 Rock” until its seven-season run finished in 2013, has decided to split its broadcasting and streaming…

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corp_bondStocksUS

Fed's A+ grade glosses Wall Street trading risks

By Stephen GandelHow much would Wall Street lose if markets plunged 58%? According to the Federal Reserve, not much. The U.S. central bank’s latest stress tests project that JPMorgan NYSE:JPM, Bank of America NYSE:BAC, Citigroup NYSE:C, Morgan Stanley NYSE:MS and Goldman Sachs NYSE:GS would collect…

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StocksUS

Junior bankers will survive the AI onslaught

By Liam ProudStroll through Midtown Manhattan or London's Canary Wharf after midnight and you'll see a surprising number of office lights on. The desk-dwellers are likely to be aged between 21 and 25, and they'll be busy sweating the minor details of a spreadsheet or checking the font sizes in a s…

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StocksUS
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Only Fed gets to celebrate founding US principle

By Gabriel RubinPresident Donald Trump lost his campaign to conquer the Federal Reserve. As a consolation, the U.S. Supreme Court will let him gut the rest of the federal government.The nation’s top jurists made clear in the ruling that political meddling at the most important central bank in the w…

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EconomyStocksUS
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Producer prices in Brazil fall 0.30% in May

BRASILIA, June 30 (Reuters) - Brazil’s producer price index (PPI) fell 0.30% in May, down from 2.62% in the previous month, statistics agency IBGE said on Tuesday..(By Sao Paulo Newsroom; tel: +5511 56447500)

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Economy