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Dollar stuck near 5-month low as caution reigns ahead of U.S. CPI, ECB tests By Reuters

By Kevin Buckland TOKYO (Reuters) - The dollar continued to hover near a five-month low versus major peers on Thursday as investors looked to key U.S. inflation data and a European Central Bank meeting later in the day to potentially set the direction for currency markets. Investors have adopted a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound. The dollar index has fluctuated narrowly around the psychologically important 90 level, and was last at 90.137. The euro rose to a one-week high at $1.2218 on Wednesday only...

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France charges Peugeot with consumer fraud in diesel emissions probe By Reuters

(Reuters) - Stellantis said on Wednesday a French court has charged its Peugeot unit with consumer fraud in a far-reaching diesel emissions probe, ordering the company to provide 30 million euros ($36 million) in guarantees for potential payouts. The Judicial Court of Paris has also ordered Citroen and FCA Italy, two other Stellantis units, to appear in court over the coming weeks as part of the same investigation, the company said on Wednesday. The Peugeot investigation focuses on older diesel vehicles sold in France between 2009 and 2015 and stems from a wider probe French...

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Asian shares hold range as investors eye U.S. CPI By Reuters

By Swati Pandey SYDNEY (Reuters) - Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan were marginally higher at 700.6 points, but stayed in the 698-712 points range it has traded in since late May. Japan's Nikkei and Australia's benchmark shares rose 0.4% each. Chinese shares gained with the blue-chip index up 0.9% Overnight, fixed income markets were...

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Peru on knife-edge as battle builds over election count with socialists ahead By Reuters

By Marcelo Rochabrun and Marco Aquino LIMA (Reuters) - Peruvian socialist Pedro Castillo held a wafer-thin lead in a polarized presidential election on Wednesday, as rival Keiko Fujimori doubled down on unproven allegations of voter fraud, which could spark weeks of political wrangling. Castillo, the son of illiterate farmers who has rattled the Andean nation's political elite and garnered huge support from the rural poor, had 50.2% with virtually all votes processed, just a 0.4 percentage point ahead of right-wing Keiko Fujimori, or 74,000 votes. Fujimori, the heir of a powerful political family,...

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U.S. remains far ahead of global pack in finance, says study By Reuters

By Huw Jones LONDON (Reuters) - The United States remains the world's dominant financial centre, well ahead of nearest rival Britain, whose lead over Frankfurt and Paris so far easily outweighs the hit from Brexit, a study from New Financial think tank said on Thursday. "Brexit and the potential impact on the City of London has catalysed the debate around the relative strengths and weaknesses of different financial centres around the world," New Financial said. Its rankings for 65 markets echo those from similar surveys such as Z/Yen Group, but New Financial's focus on actual domestic...

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Analysis-As Fed taper looms, global central banks eye their own exits from stimulus By Reuters

By Leika Kihara, Mfuneko Toyana and Karin Strohecker TOKYO/JOHANNESBURG/LONDON (Reuters) - Haunted by memories of past U.S. interest rate hikes, the world's central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit. While the Federal Reserve is publicly committed to keeping interest rates near zero -- and no hikes are priced in until late next year at the earliest -- official comments about inflationary pressures could become a chorus in months ahead, making tapering a more concrete prospect and likely heightening volatility...

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Airbus tells EU hydrogen won’t be widely used in planes before 2050 By Reuters

By Tim Hepher and Laurence Frost PARIS (Reuters) - Most airliners will rely on traditional jet engines until at least 2050, with the introduction of zero-emissions hydrogen limited to regional and short-range planes, Airbus told European Union officials in a briefing released on Thursday. The planemaker has emerged as the industry's leading champion for hydrogen propulsion, saying it plans to develop the world's first zero-emission commercial aircraft by 2035. It has not publicly said whether the technology will be ready in time for the European industry's next major milestone - a replacement for the medium-haul A320...

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Airbus, Air France want EU green funds used for jet incentives – documents By Reuters

By Laurence Frost PARIS (Reuters) - Airbus and Air France-KLM have urged policymakers to use EU-backed green stimulus funds to support aircraft sales, according to documents released on Thursday by InfluenceMap, an investor-led climate lobbying watchdog. In papers and presentations to officials including European Commission Vice-President Frans Timmermans' staff, the companies argued that taxpayer-funded incentives on current plane models could cut emissions by retiring more older, less efficient jets. "Support could take the form of a 'green stimulus' subsidy scheme," according to an Air France-KLM "key messages" digest dated March 26. The airline group declined...

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U.S. to donate 500 million Pfizer vaccine doses to the world -sources By Reuters

By Trevor Hunnicutt and Carl O'Donnell WASHINGTON (Reuters) - The Biden administration plans to donate 500 million Pfizer (NYSE:PFE) coronavirus vaccine doses to nearly 100 countries over the next two years, three sources familiar with the matter told Reuters on Wednesday. The United States is likely to distribute 200 million shots this year and another 300 million in the first half of next year to 92 lower-income countries and the African Union, they said. The donations will go through the COVAX vaccine program that distributes COVID-19 shots to low- and middle-income countries....

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ECB to keep money taps wide open even as recovery takes hold By Reuters

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank is all but certain to maintain a generous flow of stimulus when policymakers meet on Thursday, fearing that higher borrowing costs could smother a still nascent recovery. Just emerging from a pandemic-induced double-dip recession, the 19-country euro zone economy has relied on unprecedented ECB stimulus to stay afloat. And even as growth surges with the easing of COVID-19 restrictions, policymakers appear keen to err on the side of caution. Recent comments from ECB President Christine Lagarde and board member Fabio Panetta suggest...

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