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Chinese Stocks in Hong Kong Cap Worst Two-Day Drop Since October

(Bloomberg) -- Chinese stocks extended their slide from a three-year high, with investors citing a lack of fresh catalysts after a blistering rally. Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Hang Seng China Ente

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UK Carbon Futures Jump on Talk About Link With EU Market

(Bloomberg) -- UK carbon jumped to the highest level since June after a minister said that the UK is discussing linking its carbon market to the larger trading system in the European Union.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Witho

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Analysis-Hedge fund dominance latest risk for febrile UK debt markets

LONDON (Reuters) -Hedge funds have crowded into debt-fuelled bets on UK government bonds, increasing the potential for instability in the gilts market, a benchmark for borrowing costs in Britain including mortgages, investors and hedge fund sources say. Bank of England chief Andrew Bailey said in February that non-bank institutions like hedge funds "can propagate liquidity stress in core UK financial markets, notably the gilt market". That is partly due to their activity in short-term lending markets, which more than a dozen sources - including portfolio managers, hedge fund executives and a former central banker - described to Reuters.

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China Picks Banks for Green Bond Sale Seen Boosting ESG Market

(Bloomberg) -- China’s government has mandated banks as it seeks to raise as much as 6 billion yuan ($830 million) from an inaugural sale of green bonds in London.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsA fixed in

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Wall St follows European stocks lower, dollar rises on tariff uncertainties

NEW YORK (Reuters) -U.S. stocks followed their European counterparts lower and the dollar strengthened on Friday with few catalysts to stoke investor risk appetite amid lingering economic uncertainties and churning geopolitical tension. Chicago Federal Reserve President Austan Goolsbee said on Friday that it was an open question whether U.S. President Trump's whirlwind tariff actions would lead to persistent inflation and the Fed needed more time to "sort through" the manner in which the tariffs played out. A spate of central bank policy meetings held investors' focus for much of the week, with the U.S. Federal Reserve, the Bank of Japan and the Bank of England all holding rates steady.

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Meituan Stock Return Targets Are Among Highest in China Tech

(Bloomberg) -- Meituan’s results due later Friday will help assess if its share price upside is as promising as sell-side analysts suggest. Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protection Without Federal FundsThey estimate the stock will rise

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Lennar posts lower quarterly profit on sustained market weakness

Lennar Corp reported lower first-quarter profit on Thursday, as high mortgage rates and house prices deterred potential buyers, sending shares down 4% after the bell. "While demand remains strong, persistently higher interest rates and inflation, combined with a downturn in consumer confidence and a limited supply of affordable homes, made it increasingly difficult for consumers to access homeownership," said co-CEO Stuart Miller. For the first quarter ended February 28, Lennar reported a decline in average sales price to $408,000, 1% lower than last year, reflecting continued weakness in the market.

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