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Reuters: Business News

No clean bill of health for EU banks in stress test

LONDON (Reuters) - Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.

Posted: Fri 29th of July, 2016

Tech shares and muted GDP growth push S&P 500 to record

NEW YORK (Reuters) - Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

Posted: Fri 29th of July, 2016

'Sell everything,' DoubleLine's Gundlach says

NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.

Posted: Fri 29th of July, 2016

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