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LONDON Breaking News: Fed's Fisher Says Comfortable With Rise in U.S. Yields

Wochit 1:04 mins

Federal Reserve policymaker Richard Fisher said on Monday he was comfortable with the rise in U.S. Treasury yields following the central bank's signal it planned to slow its support, but cautioned that a big spike would be "destructive". Tesco , the world's third-biggest retailer, could face a revolt over executive pay at its annual shareholders' meeting on Friday after an advisory group urged investors to oppose the supermarket group's remuneration report. British finance minister George Osborne completed talks on Sunday with government departments aimed at securing spending cuts worth 11.5 billion pounds ($17.70 billion) in 2015-16 to help reduce the country's budget deficit, the Treasury said. The finance ministry said it had reached agreement with all departments, three days before Osborne is due to publish details of their spending limits on June 26.

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