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Flutter nudges up guidance on growth outside booming US market

Flutter, the world's largest online betting company, nudged up its full-year guidance for the second successive quarter on Tuesday after its non-U.S. brands drove better-than-expected third-quarter revenue growth. While Flutter's growth has been transformed by a gambling boom in the nascent U.S. market, where its FanDuel unit is the market leader, core profit at its more established brands in Britain, Europe and Australia jumped by 24% to $392 million in the quarter. That helped push up total adjusted earnings before interest, tax, depreciation and amortisation 74% to $450 million, including a $58 million profit in the U.S., versus an investment-driven $55 million loss in the third quarter last year.

Brazil Central Bank Steps Into Currency Market Amid Real Selloff

(Bloomberg) -- Brazil’s central bank is stepping into currency markets as the real has been battered by fiscal concerns at home and a broad slide in risk assets globally. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictPolicymakers called a FX credit-line auction of as much as $4 billion on Wednesday