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European shares hit as US Fed indicates interest rate hikes

European stocks fell in early deals today, led lower by growth-sensitive stocks after the US Federal Reserve indicated it may raise interest rates much earlier than expected. Fed Chair Janet Yellen sent US stocks and bonds tumbling overnight after she suggested they could rise by mid-2015, a potentially more aggressive path than many had anticipated…. Read more »

Ulster Bank’s operating losses widen

Ulster Bank has reported an operating loss of £1.040 billion sterling for 2012 compared with a loss of £984 million for the previous year. The bank said the “challenging macroeconomic environment” across the island of Ireland had a significant impact on its financial performance for 2012.

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