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The combined firm, Allen Overy Shearman Sterling, will employ nearly 4,000 lawyers

Editor

New York-based Shearman & Sterling is merging with Magic Circle law firm Allen & Overy in one of the biggest tie-ups in the sector set to  create a company with revenue of $3.4bn.

Allen & Overy to merge with Shearman & Sterling in $3.4bn tie-up

Shruti Tripathi Chopra

Lazard

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US News

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Alain Courbebaisse will take on role in the new year

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Leveraged finance lawyers are in high demand in London

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Find out who is on the move in the City and beyond this week

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing

Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

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Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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