Markets News
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West Texas Intermediate crude reached a two-week high as U.S. consumer spending rose in February by the most in three months. Brent also gained on concern that tension in Ukraine will escalate.
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Brit Plc, a Lloyd’s of London insurer, lost as much as 6 percent in its first day of trading after its private-equity owners raised 240 million pounds ($399 million) in an initial public offering.
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Ukrainian benchmark bonds extended the longest rally in almost a year after the nation won International Monetary Fund aid to avert a default.
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Ghana’s cedi, the worst-performing African currency this year, could depreciate another 20 percent in 2014 as foreign-exchange reserves recede and inflation accelerates, according to JPMorgan Chase & Co.