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Dollar weighed by Xi-Trump summit nerves, geopolitical worries

April 6, 2017 By Shinichi Saoshiro TOKYO (Reuters) – The dollar slipped against a basket of currencies on Thursday, weighed down by caution over the impending U.S.-China summit and geopolitical concerns. The dollar index versus a basket of six major currencies was down 0.1 percent at 100.480 . It had risen to a three-week high of 100.850 overnight on an upbeat ADP report on U.S. private sector employment. But the currency tumbled from the three-week high despite hawkish-sounding minutes from the latest Federal Reserve meeting, which showed most policymakers think…

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Merrill Lynch restructures national business regions, leadership

March 29, 2017 NEW YORK (Reuters) – Bank of America’s Merrill Lynch cut its number of national business divisions to six from 10 and changed some of the executives leading those units as part of a broader leadership restructuring, according to a memo sent to employees on Wednesday. The head of Merrill Lynch Wealth Management Andy Sieg told the firm’s roughly 14,500 brokers that the plans, which went into effect immediately, were part of an effort to “make the organization feel like a smaller, more tightly integrated firm.” The change,…

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