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Commodities | news 15 Dec 16
Dollar rallies, gold falls on back of Fed’s ‘happy’ hike
The dollar surged this morning on the back of only the second Fed rate rise since the 2008 financial crisis.
Urgent Brexit deal needed to save 200,000 UK finance jobs
One of Britain’s most prominent Brexit committees has warned that tens of thousands of financial services jobs could be lost to continental Europe by next year if ministers do not agree a deal on single market access with the EU.
Old Mutual prices shares in asset management unit
Old Mutual has announced a public offering of 13 million ordinary shares in New York-listed Old Mutual Asset Management (OMAM), as moves towards breaking its business into four separate units.
Russian stocks rally as Trump policy priorities take shape
The Russian equity market has bounced back remarkably in recent months. Is this just another symptom of the ‘Trump rally’, or are there other, more structural reasons for this revival?
China to crack down on ‘barbaric’ life insurers
China’s insurance regulator is to introduce measures aimed at curbing the investment activities of life insurers following a string of high-profile suspensions over stock market speculation.