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"A coming change at the top of India’s central bank set the rupee sliding by the most since January’s global financial-market turmoil. The currency sank Monday after central bank Governor Raghuram Rajan said over the weekend he will be leaving when his term expires in September. During Rajan’s three years at the Reserve Bank of India, the rupee at first rallied, before declining and this year it has turned into Asia’s worst-performing currency.", www.bloomberg.com
"For the average European consumer, cash goes very much further in some countries. Within the 19-nation euro area the spread between price levels for private consumption exceeds 40 percentage points. Step into neighboring Switzerland and the premium over the EU average is more than 60 percent.", www.bloomberg.com
"Taiwan’s central bank has stepped back from late-day intervention to weaken the currency after the U.S. Treasury Department criticized the tactic and put the island on a currency watchlist. Since early April, the exchange rate has fallen by less than 0.11 percent during the last hour of trading, compared with an average daily 0.6 percent slide in the year through March 31. Being put on the list can lead to U.S.-imposed penalties for harming the country’s trade interests.", www.bloomberg.com
"Goldin Financial Holdings Ltd. and Goldin Properties Holdings Ltd., two companies controlled by Pan Sutong, will be dropped from the Hang Seng family of indexes as of June 30 because of their high shareholding concentration that has contributed to wide swings in the stocks.", www.bloomberg.com
"Oakland, Calif. (AP) -- LeBron James cradled the shiny gold trophy and struggled to sum up what might be his sweetest championship yet, the one he is so proudly bringing home to his native northeast Ohio just as he promised to do when he returned to the Cavaliers two summers ago.", www.bloomberg.com
"Boeing Co. is nearing a $4 billion deal with Russia’s largest air-freight company that would help extend the life of the iconic, hump-nosed 747 jumbo jet amid waning demand for four-engine aircraft, people close to the transaction said.", www.bloomberg.com
"U.S. oil producers are drilling again. Rigs capped their first three-week gain since August, according to Baker Hughes Inc. data on June 17. Behind the build: a more than 80 percent gain in crude prices from a 12-year low in February and disruptions that saw West Texas Intermediate touch a 10-month high of $51.67 a barrel on June 9.", www.bloomberg.com
"Oil gained for a second day above $48 a barrel as the dollar retreated, boosting the appeal of commodities priced in the U.S. currency. Futures rose as much as 1.3 percent in New York after climbing 3.8 percent Friday. The Bloomberg Dollar Spot Index fell for a fourth day after closing at the lowest since June 9. Russian President Vladimir Putin is considering selling part of oil producer Rosneft OJSC to China and India as he struggles to meet spending commitments before a possible re-election bid in less than two years. Bloomberg's Tracy Alloway reports and Gam Chief Economist Larry Hatheway discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on 'Countdown.'", www.bloomberg.com
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