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German Rail records billion Euro loss after troubled year

Deutsche Bahn said in a statement it booked a bottom-line loss of €1.3 billion last year, its first year-end loss since 2003, due to exceptional writedowns of €1.7 billion on its freight business. But the operator, which is also facing fiercer competition from long-distance bus companies, as well as in its regional networks, was also […]

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Australia Employment to Increase for First Time Since November.

U.S. stocks rose and Treasury yields fell after Federal Reserve officials suggested interest rates could rise less this year than they previously expected. The Fed held interest rates steady Wednesday as expected, helping push the Dow industrials to their highest close of the year. Officials now expect the federal-funds rate to rise to 0.875% by […]

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China Gov’t Spending Data Hints at Proactive Fiscal Policy

This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources. – Chinese government spendingin the first two months of 2016 increased by 12% to 2.117 trillion yuan. […]

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Euro is Stuck Between the ECB and the Fed. Why?

The balance of power has shifted in the currency wars. The European Central Bank has moved back from the front line, its firepower now directed at credit markets, not currencies. The result could be frustrating for euro bulls and bears alike. The ECB’s withdrawal means the bigger influence on the euro/dollar exchange rate should be […]

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