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Shares, euro jump after Chinese rate cut

markets

Shares, euro jump after Chinese rate cut

LONDON - World shares hit their highest level in a week on Thursday and the euro jumped after China cut interest rates for the first time in four years, boosting speculation the United States might also embark on a monetary stimulus.

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markets

UK wants safeguards if euro zone forges bank union

LONDON - Britain will demand safeguards to protect its financial sector if the euro zone forms a banking union, its finance minister said on Thursday, placing another obstacle in front of the European Central Bank’s efforts to fix a deepening debt crisis.

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