Interest Rate Fears Fade as Geopolitical Turmoil Seen as the New Normal

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Interest Rate Fears Fade as Geopolitical Turmoil Seen as the New Normal

Interest Rate Fears Fade as Geopolitical Turmoil Seen as the New Normal
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Interest Rate Fears Fade as Geopolitical Turmoil Seen as the New Normal

TheStreet 2:03 mins

European and Asian markets ignored geopolitics this morning and focused instead on the pressures on central bankers to keep interest rates low. The U.K.’s latest GDP figures, predicting 3.3% annual growth seemed not to change the view that Bank of England is in no hurry to raise rates. Anglo-Australian mining giant BHP-Billiton indicated it may demerge not core assets to concentrate on four or five key commodities. The miner’s price surged in both London and Sydney. The war of words between construction and infrastructure group Balfour Beatty and its smaller suitor Carillion continues, as Balfour pours cold water on Carillion’s synergy claims. Irish banana company Fyffes got a hand from its planned merger partner Chiquita’s rejection of a rival bid from Brazil’s Cutrale and Safra groups. German airline Lufthansa soared on rumors of possible offer airport tax exemptions for airlines flying less polluting, quieter aircraft

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