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Financial Times - May 18

May 18 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - SocGen chief Frédéric Oudéa to step down after 15-year tenure Link - Monaco shipping group takes stake in battery start-up Britishvolt Link - JPMorgan shareholders vote against Jam
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No place to hide: Dollar's surge cuts across markets

By Saikat Chatterjee and Sujata Rao LONDON, May 6 (Reuters) - "Our currency, your problem," were the words of a former U.S. Treasury secretary in 1971 to other finance ministers aghast at the dollar's surge. More than 50 years on, relentless dollar strength is again leaving a trail of destruction in its wake. The U.S. currency vaulted to two-decade
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No place to hide: Dollar's surge cuts across markets

By Saikat Chatterjee and Sujata Rao LONDON, May 6 (Reuters) - "Our currency, your problem," were the words of a former U.S. Treasury secretary in 1971 to other finance ministers aghast at the dollar's surge. More than 50 years on, relentless dollar strength is again leaving a trail of destruction in its wake. The U.S. currency vaulted to two-decade
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Italy's Intesa cuts 2022 profit goal after Russia hit

* Books 800 mln euro in provisions on Russia * Lowers full-year profit goal by 1 bln euros * Awaiting ECB approval of 3.4 bln euro share buyback * Trading gains drive Q1 profit above consensus By Valentina Za MILAN, May 6 (Reuters) - Italy's biggest bank Intesa Sanpaolo ISP.MI on Friday cut its profit guidance for the year after setting aside 800 m
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European banks weather Ukraine war in Q1 earnings

LONDON, May 5 (Reuters) - European banks counted the rising cost of war in Ukraine on Thursday as France's Societe Generale, Credit Agricole and Italy's UniCredit upped provisions for the conflict without shattering investors' confidence in their prospects. The Italian lender, one of Europe's banks most exposed to Russia where it runs AO UniCredit
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