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While praising the two Austrian banks involved — Erste and Raiffeisen Bank International (RBIV.VI) — for faring better than in the previous test in 2016, when Raiffeisen came third-last, the Austrian National Bank and the Financial Market Authority (FMA) said more needed to be done. “The results also show that the Austrian banks cannot rest on the capital strengthening achieved in the past years but rather must make great efforts to top up their capital base,” the FMA’s co-heads, Klaus Kumpfmueller and Helmut Ettl, said in a statement issued jointly with the central bank.
NEW YORK (Reuters) - Concerns that a trade deal between the United States and China may not be imminent reined in a rally in world equity markets and reversed gains on Wall Street on Friday, while strong U.S, wage growth boosted U.S, bond yields, Markets had earlier climbed on hopes that the world’s two biggest economies were mending their shaky trade relations, A steep decline in shares of Apple Inc (AAPL.O) further weighed on sentiment in the U.S, stock market after the iPhone maker best replica cufflinks warned that sales during the crucial holiday quarter would likely miss expectations..
White House economic adviser Larry Kudlow told CNBC that while President Donald Trump plans to meet Chinese President Xi Jinping later this month, he has not asked U.S. officials to draw up a proposed trade plan, contradicting a report earlier in the day that had buoyed hopes of a trade dispute resolution. That erased early gains in U.S. stocks and curtailed a rally in global markets that had lifted emerging market stocks by their largest daily gain since 2016. “The stock market is focused on tariffs and they believe that increased tariffs are going to hurt the economy,” said Mike Rask, director of trading at Hodges Capital in Dallas. “There was the belief overnight that we were close to a trade deal with China and now it looks like that is not the case.”.
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WASHINGTON (Reuters) - Uber best replica cufflinks Technologies Inc has asked Pennsylvania for permission to resume self-driving car testing on public roads and has improved the autonomous vehicle software, the company said on Friday, more than seven months after it suspended testing following a deadly crash in Arizona, The company disclosed in a report to the U.S, National Highway Traffic Safety Administration that it would resume testing with two employees in the front seat, enable an automatic braking system at all times, and more strictly monitor safety employees..
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