MRT Desk

Attacks inside Russia show apparent new reach for Ukraine

Attacks inside Russia show apparent new reach for Ukraine

A third Russian airfield was set on fire following a drone strike, a day after Ukraine demonstrated its apparent new ability to penetrate hundreds of kilometers deep into Russia with attacks on two air bases. Authorities in the Russian city of Kursk, about 90 km north of the Ukrainian border, released images on Tuesday showing …

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Bank of Japan’s Nakamura sees premature changes in ultra-loose monetary policy

Bank of Japan's Nakamura sees premature changes in ultra-loose monetary policy

Bank of Japan board member Toyoaki Nakamura said on Wednesday it was premature to change the central bank’s ultra-loose monetary policy now, stressing the need to shore up a fragile economy with massive stimulus. While prolonged ultra-low interest rates are weighing on financial institutions’ performance, the benefits of the Bank of Japan’s stimulus remain outweighed …

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European futures undecided after declines in Asia and Wall Street

European futures undecided after declines in Asia and Wall Street

European markets could open the session in the green although with some doubts, judging by the movement of futures at this time. The future of the Daxand thefuture of the Cac 40They quote flats, although the future of the Ibex 35It earns 0.3% right now. Wall Street closed yesterday in the red and Asian indices …

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EU escalates clash with China at WTO over patents and Lithuania

EU escalates clash with China at WTO over patents and Lithuania

The European Union said on Wednesday it had requested the creation of arbitration panels at the World Trade Organization, the next step in two trade disputes with China. The disputes, both brought to the WTO earlier this year, concern alleged Chinese restrictions on EU companies’ rights to use a foreign court to protect their high-tech …

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The Spanish Stock Exchange will open tomorrow, Day of the Immaculate

The Spanish Stock Exchange will open tomorrow, Day of the Immaculate

The four Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia) will open tomorrow, December 8, despite the celebration of the Day of the Immaculate, according to the calendar approved for 2022 by the Stock Exchange Society. According to this calendar, the Spanish stock market and debt markets will only close three holidays this year, two …

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Democratic U.S. Senator Warnock beats Trump-backed rival in runoff

Democratic U.S. Senator Warnock beats Trump-backed rival in runoff

Democrat Raphael Warnock won re-election to the U.S. Senate in a hard-fought runoff in Georgia on Tuesday, bolstering his party’s razor-thin majority as he faced Republican football star Herschel Walker. Warnock’s predicted victory was tight. With 99 percent of the votes c ounted, he led Walker 50.8 percent to 49.2 percent, according to Edison Research. …

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N. Roubini: The “inevitable collapse” is coming, the mother of crises

N. Roubini: The "inevitable collapse" is coming, the mother of crises

Nouriel Roubini, renowned economist and currently professor emeritus of economics at New York University’s Stern School of Business, is famous for his pessimistic predictions about the state of the world economy and financial markets. But this time he has gone even further, publishing an opinion piece in Project Syndacate entitledThe inevitable crash, that is, the …

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China relaxes its COVID restrictions policy

China relaxes its COVID restrictions policy

China announced on Wednesday the most sweeping changes to its strict COVID-fighting regime since the pandemic began three years ago, loosening rules that slowed the spread of the virus but have battered its economy and sparked historic protests. The relaxation of rules, which include allowing infected people with mild or asymptomatic symptoms to quarantine at …

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Stocks Fall, Growth Fears Offset Change of COVID Measures in China

Stocks Fall, Growth Fears Offset Change of COVID Measures in China

Global stock markets fell on Wednesday and bonds held firm after a chorus of Wall Street bankers warned of a likely recession in the future, tempering optimism about the shift from China’s harsh zero-COVID policy. “Now, concern about economic growth seems to be outpacing inflation,” he added. A deteriorating economic outlook on Wednesday prompted new …

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EU passes law to make airlines pay more for what they pollute

EU passes law to make airlines pay more for what they pollute

The European Union reached an agreement early on Wednesday on a law to increase the cost airlines must pay for their carbon dioxide emissions, adding pressure on the sector to move away from fossil fuels. Currently, airline companies flying within Europe have to obtain permits from the EU carbon market to cover their carbon dioxide …

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China to ease restrictions in COVID policy shift

China said on Wednesday it would allow COVID patients with mild symptoms to isolate at home, as part of a series of new measures marking a major shift in its tough anti-virus policy that has battered its economy and sparked historic protests. The relaxation of the rules, which also remove the requirement to present a …

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India raises interest rates to 6.25% to fight inflation

India raises interest rates to 6.25% to fight inflation

The Reserve Bank of India (RBI, issuer) announced on Wednesday a new increase in interest rates of 0.35 points, to 6.25%, to control inflation, said the governor of this monetary institution, Shaktikanta Das, in a televised speech. The RBI also lowered the gross domestic product (GDP) growth forecast again, to 6.8% in the current fiscal …

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World Bank Improves India’s Growth Forecast to 6.9%

World Bank Improves India's Growth Forecast to 6.9%

The World Bank said on Tuesday that India’s gross domestic product (GDP) will grow by 6.9% in the current fiscal year (April 2022 to March 2023), an improvement from the 6.5% previously estimated, judging that the Asian country is capable of facing the global economic situation. “Although the deteriorating external environment will weigh on India’s …

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France will regularize without papers in sectors in tension but case by case

France will regularize without papers in sectors in tension but case by case

The French Government is working on a law on immigration which, among other things, aims to regularise the undocumented who are already working in labour-intensive sectors, but this will not be done globally and massively, but on a case-by-case basis, taking into account integration criteria. This is the message of the members of Emmanuel Macron’s …

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The sanctioned Russian bank VTB suffers its biggest cyberattack from the “outside”

The sanctioned Russian bank VTB suffers its biggest cyberattack from the "outside"

The second largest bank in Russia, VTB, controlled by the State and sanctioned by the West, denounced today the largest cyberattack against its technological infrastructure in its history, a hack that comes from “outside”, as it said in a statement. “Currently, VTB’s technological infrastructure is under an unprecedented cyberattack from the outside. It became the …

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The obstacles facing the reindustrialization of Nissan

The obstacles facing the reindustrialization of Nissan

After a week of vertigo, with negotiations at the limit of the electromobility hub with the bank to retain the aid of the Perte of the electric car, the reindustrialization of the Nissan plant (TYO:7201) in Barcelona’s Zona Franca is the last stretch of a road that is not without risk. These are the main …

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European stock markets fall weighed down by bank and energy stocks

European stock markets fall weighed down by bank and energy stocks

European stock markets fell on Tuesday, dragged down by banking and energy values, as good data on U.S. services activity raised fears that the Federal Reserve could maintain its aggressive rate hikes for longer. The indexSTOXX 600It fell 0.1 percent, extending losses to a third straight session. The index has posted seven straight weekly gains, …

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Beijing prepares to ‘live again’ as nationwide lockdowns are lifted

Beijing prepares to 'live again' as nationwide lockdowns are lifted

The Chinese capital Beijing on Tuesday lifted the need to show a negative COVID test result to enter supermarkets and offices, marking a further easing of restrictions across the country following recent historic protests. “Beijing prepares for life again,” read a headline in the government-run China Daily newspaper, adding that people were “gradually assuming” the …

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US investigates Elon Musk’s Neuralink for animal testing

EXCLUSIVE: US investigates Elon Musk's Neuralink for animal testing

Elon Musk’s medical device company Neuralink is being investigated by the federal state for possible animal welfare violations, following internal complaints from staff that its animal tests are rushing in, causing unnecessary suffering and deaths, according to documents reviewed by Reuters and sources familiar with the company’s investigation and operations. Neuralink Corp is developing a …

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Seoul falls for the third consecutive day and leaves 1.08%

Seoul falls for the third consecutive day and leaves 1.08%

The main indicator of the Seoul Stock Exchange, theKospi, fell 1.08% on Tuesday, marking the third consecutive decline in the selective in another session marked by renewed fears that the Fed will raise rates above 0.5% again this month. The South Korean benchmark left 26.16 points to stand at 2,393.16 integers, while the technology indexKosdaqIt …

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The resurgence of fear of the Fed prolongs the bearish path in the Ibex-35

The resurgence of fear of the Fed prolongs the bearish path in the Ibex-35

Spain’s main stock index opened with a further dovish cut on Tuesday, as the market packs the latest signals on future moves by major central banks, with a special focus on a possible tightening of the Federal Reserve. The latest macroeconomic data showed stronger-than-expected strength in the United States, which could pave the way for …

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Metacade Presale (MCADE) will change the metaverse industry in 2023

Metacade Presale (MCADE) will change the metaverse industry in 2023

The latest crypto market cycle introduced the world to the idea of the metaverse and many outstanding metaverse projects. However, the crypto world is constantly evolving and older projects such asAxie Infinity, Enjin Coin orSunny spotThey are not as innovative as at launch. In the Web3 environment, it is important to look for projects that …

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Global renewable energy capacity to double in next five years – IEA

Global renewable energy capacity to double in next five years - IEA

The International Energy Agency (IEA) said on Tuesday global renewable energy capacity will double over the next five years, driven by concerns about energy security following Russia’s invasion of Ukraine. In an annual report on the outlook for renewables, the IEA said global capacity is projected to grow by 2,400 gigawatts (GW) — equivalent to …

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Japan’s Household Spending Rises for Fifth Consecutive Month

Japan's Household Spending Rises for Fifth Consecutive Month

Japanese household spending rose for a fifth straight month in October from a year earlier, data showed on Tuesday, as declining coronavirus cases encouraged more people to shop and eat at restaurants. Improving consumer spending, which accounts for more than half of the economy, is seen as vital to the country’s economic growth. However, accelerating …

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Tokyo Stock Exchange rises 0.24% buoyed by yen weakness

Tokyo Stock Exchange rises 0.24% buoyed by yen weakness

The main index of the Tokyo Stock Exchange, the Nikkei, rose 0.24% on Tuesday, encouraged by the weakness of the yen against the dollar and despite concerns about a possible rate hike by the US Federal Reserve (Fed). The Nikkei, which groups the 225 most representative titles of the market, advanced 65.47 points, to 27,885.87 …

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Gold futures rose during the Asian session

Gold futures rose during the Asian session

Gold futuresrose during the Asian session on Tuesday. In the Comex division of the New York Mercantile Exchange,Gold futuresfor delivery in February they were trading at 1.00 US dollars per troy ounce. At the time of writing, they are up 0.16%. Early it reached a session high of dollars per troy ounce.GoldIt will probably find …

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Australia sets interest rates at 3.10% in eighth hike since May

Australia sets interest rates at 3.10% in eighth hike since May

The Australian Reserve Bank (RBA) raised on Tuesday – for the eighth consecutive time since last May – interest rates by 0.25 percentage points to 3.10 percent, the highest level since 2012, in order to tackle the strong inflation that afflicts the country. “Since May, interest rates have risen sharply. This has been necessary to …

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Crude oil futures rose during the Asian session

Crude oil prices remain stable in the face of Chinese demand and caution about the CPI in the US

Crude oil futuresrose during the Asian session on Tuesday. On the New York Mercantile Exchange,Crude oil futuresfor delivery in January they were trading at 77.64 US dollars a barrel. At the time of writing they are up by 0.92%. Early it reached a session high of dollars a barrel.Crude oilIt will probably find support at …

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Venezuela prepares to export fertilizer next year

Venezuela prepares to export fertilizer next year

Venezuela is preparing to export fertilizers in 2023, a trade with which the country hopes to continue increasing its export capacity, said Monday the sectoral vice president of Economy, Tareck El Aissami. In an activity with producers, the also Minister of Oil said that the fertilizers will be produced by the state-owned Pequiven, which currently …

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A euphoric England already thinks about the fearsome France in the World Cup

A euphoric England already thinks about the fearsome France in the World Cup

England spent little time celebrating a 3-0 win over Senegal before thinking about a chilling World Cup quarter-final next Saturday against defending champions France and current top scorer Kylian Mbappe. “It’s the biggest test we could face. They are world champions with incredible depth of talent and outstanding individual players,” England manager Gareth Southgate said …

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European futures in red: Doubts at the beginning of the week

European futures in red: Doubts at the beginning of the week

European markets could open the session in negative, judging by the movement of futures at this time. Thefuture of the Daxfalls by 0.2%, thefuture of the Cac 40is left 0.1% and thefuture of the Ibex 35It loses 0.1% at the moment. This Monday we will be attentive to a PMI batterycompoundandservicesin several Eurozone countries. In …

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Japan’s indices close higher; Nikkei 225 up 0.15%

Japan's indices close higher; Nikkei 225 up 0.15%Japan's indices close higher; Nikkei 225 up 0.15%

The Japan Stock Exchange closed higher on Monday; Sector gains feeding, Gas and water and Finance and investment pushed indexes higher. At the close of Tokyo, the Nikkei 225added 0.15%. The best value of the session in the Nikkei 225wasEisai Co., Ltd. (TYO:4523), up 5.18%, 495.00 points, to 10.00 at the close. It is followed …

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10 Best Card Games you can Play with Friends

10 Best Card Games

The holiday season is around the corner, and so is the house party spree. December brings cheerful vibes when all the family members and friends gather to celebrate Christmas festivities. From decorating the Christmas tree to baking plum cakes and arranging house parties, Christmas is all about a good time.   House parties and Christmas go …

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Trader allegedly saw over 5,000x gains after Ankr protocol hack

Trader allegedly saw over 5,000x gains after Ankr protocol hack

When the BNB Chain-based protocol Ankr was exploited and a hacker dumped Ankr Reward Bearing Staked BNB (aBNBc) tokens, a trader took advantage of the price discrepancies and turned $2,879 into $15.5 million. As previously reported by Cointelegraph, security firm Beosin suggested that the multimillion-dollar exploit may have come from vulnerabilities in the smart contract code and …

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J&J Unit Says It Has No Intention of Bidding for Horizon Therapeutics

J&J Unit Says It Has No Intention of Bidding for Horizon Therapeutics

Janssen Global Services, a unit of Johnson & Johnson (NYSE:JNJ), said Saturday that it has no intention of bidding for biotech company Horizon Therapeutics Plc. Last month, Horizon Therapeutics — which has a market capitalization of about $18 billion — said it was in talks withAmgen Inc.AMGN), Sanofi (EPA:SASY) and Janssen Global Services, all three …

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Chinese leader unwilling to accept vaccines from the West despite threat of protests: US intelligence

Chinese leader unwilling to accept vaccines from the West despite threat of protests: US intelligence

Chinese President Xi Jinping is unwilling to accept Western vaccines despite the challenges China faces with COVID-19, and while the recent protests are not a threat to the Communist Party government, they could affect his personal standing, the U.S. Director of National Intelligence said on Saturday. Avril Haines. Although China’s daily COVID cases are near …

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Amgen says experimental anti-obesity drug has promising duration

Amgen says experimental anti-obesity drug has promising duration

Amgen Inc’s experimental anti-obesity drug (NASDAQ:AMGN). It demonstrated promising durability trends in an initial trial, paving the way for a larger mid-phase study early next year, company officials said ahead of a data presentation on Saturday. The small phase I trial found that patients maintained weight loss for 70 days after receiving the highest tested …

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Amazon to resume advertising on Twitter: Platfomer reporter

Amazon to resume advertising on Twitter: Platfomer reporter

Amazon.com Inc (NASDAQ:AMZN) is planning to resume its advertising on Twitter (NYSE:TWTR) for about $100 million a year, pending some security tweaks on the social media company’s ad platform, according to a tweet from a Platformer reporter on Saturday. Twitter CEO Elon Musk also said that Apple Inc (NASDAQ:AAPL). has resumed advertising on the platform, …

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Trip.com ADR lower profits but in line with its revenues in Q3

Trip.com ADR lower profits but in line with its revenues in Q3

Trip.com ADR presented itsproceedscorresponding to the third quarter of the year, figures that are not enough due to analysts’ forecasts. Revenues, meanwhile, were in line with expectations. The company reported earnings per share of ¥1.19 and turnover of ¥6.52B. Analysts surveyed by Investing.com expected EPS of ¥1.26 and revenue of ¥6.52B So far this year, …

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EU and US will continue to discuss US anti-inflation law in trade forum

EU and US will continue to discuss US anti-inflation law in trade forum

The European Union (EU) and the United States will continue to address European concerns about the damage the U.S. Inflation Reduction Act may cause to their green energy and automotive industry tomorrow at a new edition of the Trade and Technology Council (CTT) in Maryland, USA. The third ministerial meeting of this forum, set up …

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Credit Suisse chairman says outflows have basically stopped

Credit Suisse chairman says outflows have basically stopped

Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and that it is seeing partial inflows. Credit Suisse has reported sharp outflows as wealthy clients move assets elsewhere, while the bank battles to recover from a string of scandals by focusing more on …

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Airbus delivered estimated 563 jets Jan-Nov, sources say

Airbus delivered estimated 563 jets Jan-Nov, sources say

Airbus delivered 66 jets in November, leaving itself a near-record challenge of 137 in December to meet its 2022 goal, although it has not excluded the possibility that the target will be trimmed, industry sources said. The world’s largest planemaker has delivered an estimated 563 planes this year, the sources said, up from 497 between …

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European stock futures edge lower; looming U.S. payrolls prompt caution

European stock futures edge lower; looming U.S. payrolls prompt caution

European stock markets are expected to largely open with small losses Friday, as investors cautiously await the release of the key monthly U.S. jobs data which could influence Federal Reserve monetary policy. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded flat, CAC 40 futures in France dropped 0.3% and the FTSE …

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Asia stocks sink as Fed uncertainty outweighs China reopening report

Asia stocks sink as Fed uncertainty outweighs China reopening report

Most Asian stock markets retreated in cautious trade on Friday ahead of key U.S. payrolls data that is expected to factor into monetary policy, although a report that China plans to further scale back its strict anti-COVID measures helped limit losses.  Uncertainty over the path of U.S. inflation also weighed on Asian stocks on Friday, …

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Asia FX turns cautious ahead of U.S. payrolls, dollar hits 3-mth low

Asia FX turns cautious ahead of U.S. payrolls, dollar hits 3-mth low

Most Asian currencies moved little on Friday as caution kicked in ahead of U.S. payrolls data that is likely to affect monetary policy, although dovish signals from the Federal Reserve pushed the dollar to a three-month low. Regional currencies were also set for strong gains this week as the Federal Reserve flagged smaller interest rate …

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Analysts upgrade China’s 2023 earnings projections on reopening hopes

Analysts upgrade China's 2023 earnings projections on reopening hopes

Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures and the easing of COVID-19 restrictions. Analysts raised forward 12-month earnings of companies on the MSCI China index by 2% in November, data from IBES estimates showed. They had earlier cut the forward 12-month earnings …

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Twitter suspends Kanye’s account again on violating rules

Twitter suspends Kanye's account again on violating rules

Twitter Inc on Friday suspended Kanye West’s account again, just two months after the rapper’s account was reinstated, as his tweets violated the social media platform’s rules. Twitter-owner Elon Musk, who calls himself a free speech absolutist, had welcomed the return of the rapper, now known as Ye, to the platform in October. In his …

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Oil treads water amid speculation over OPEC cut, weekly gains on tap

Oil treads water amid speculation over OPEC cut, weekly gains on tap

Oil prices rose slightly on Friday as investors speculated over the prospect of a production cut by the OPEC, while optimism over a recovery in Chinese demand and signs of tightening supply put crude markets on course for a positive week. The Organization of Petroleum Exporting Countries and allies (OPEC+) is set to meet on …

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Analysis-Ghana overhaul a test for $1 billion World Bank-backed debt

Analysis-Ghana overhaul a test for $1 billion World Bank-backed debt

Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay. Like other smaller, riskier emerging market countries including Sri Lanka and Zambia, Ghana faces a debt overhaul after its already strained finances buckled under the economic …

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Dollar wobbles as inflation ebbs, jobs data in focus

Dollar wobbles as inflation ebbs, jobs data in focus

The dollar held firm on Friday but was pinned near 16-week lows against a basket of major currencies as data showing increased U.S. consumer spending emboldened investors’ hopes that the peak in interest rates was in sight. The dollar index, which measures the currency against six major peers including the yen and euro, rose 0.05% to …

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ECB’s Lagarde warns some fiscal policies in Europe could fuel excess demand

ECB's Lagarde warns some fiscal policies in Europe could fuel excess demand

European Central Bank President Christine Lagarde warned on Friday that some European governments’ fiscal policies could lead to excess demand, and that fiscal and monetary policies need to work in synch for sustainable, balanced economic growth. “Fiscal policies that create excess demand in a supply constrained economy might force monetary policy to tighten more than …

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U.S. job growth likely slowed again in November; labor market still tight

U.S. job growth likely slowed again in November; labor market still tight

U.S. job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labor, which could give the Federal Reserve confidence to start slowing the pace of its interest rate hikes this month. The Labor Department’s closely watched employment report on Friday, which is also expected …

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Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing

Tesla Inc Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (NASDAQ:PEP) without offering updated forecasts for the truck’s pricing, production plans or how much cargo it could haul. Musk, who appeared onstage at an event at Tesla (NASDAQ:TSLA)’s Nevada plant, said the battery-powered, long-haul truck would reduce highway emissions, …

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Blackstone’s $69 billion REIT curbs redemptions in blow to property empire

Blackstone's $69 billion REIT curbs redemptions in blow to property empire

Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came because redemptions hit pre-set limits, rather than Blackstone (NYSE:BX) setting the limits on the day. …

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Top 10 Awesome Casino TV Series of All Time

Top 10 Awesome Casino TV Series of All Time

Gambling has always been enjoyable because it inspires people to believe they can accomplish a lot with little chance. For most gamblers, wagering is not only a way of generating funds but also a form of entertainment. However, you don’t need to be a gambler at a top casino before you can enjoy it. Nowadays, …

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Sports Betting In The US: Where Is It Legal?

Sports Betting In The US: Where Is It Legal?

It’s been almost four years since the Supreme Court overturned the federal prohibition on sports betting, opening the door for individual states to decide whether they want to legalize the activity, or not.  Although almost every state has at least entertained the idea of allowing sports betting, it is very unlikely that more than a …

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What Makes Monaco So Glamorous?

What Makes Monaco So Glamorous?

There are few places in Europe that are as glamorous as Monaco. It’s home to some of the richest, most famous, and most successful people on the planet who have all crammed themselves into the tiny principality to enjoy everything that it has to offer.  A trip to the micronation will reveal just how glamorous …

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Asian shares rise, dollar sways as slowing rate hike looms

Asian shares rise, dollar sways as slowing rate hike looms

Asian equities jumped on Thursday, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening. In an eagerly-awaited speech, Powell said the central bank could scale back the pace of its interest rate hikes “as soon as …

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Dollar plunges to 3-month low vs yen as Powell says Fed to go slow

Dollar plunges to 3-month low vs yen as Powell says Fed to go slow

The dollar tumbled to a three-month low against the yen on Thursday as traders focussed on comments by Federal Reserve Chair Jerome Powell that interest rate hikes could be scaled back “as soon as December”. Powell said on Wednesday that “slowing down at this point is a good way to balance the risks” but added …

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Chinese manufacturing PMI dented by COVID curbs in November- Caixin

Chinese manufacturing PMI dented by COVID curbs in November- Caixin

Chinese manufacturing activity shrank for the third consecutive month in November, a private survey showed on Thursday, as strict anti-COVID measures continued to disrupt factory operations, while demand also softened. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.4 in November, slightly edging past expectations of 48.9 and rising above October’s reading of 49.2. But …

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Asia FX rallies, dollar sinks as Powell touts tepid rate hikes

Asia FX rallies, dollar sinks as Powell touts tepid rate hikes

Most Asian currencies extended gains on Thursday, while the dollar slipped further after Federal Reserve Chair Jerome Powell said that the central bank will likely slow its pace of future interest rate hikes, although weak economic data prints from China stifled sentiment.  The Japanese yen was among the best performers, rising nearly 1% to 136.76- its strongest level …

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Asian stocks surge on slowing rate hike bets, China reopening hopes

Asian stocks surge on slowing rate hike bets, China reopening hopes

Most Asian stock markets rose sharply on Thursday after Federal Reserve Chair Jerome Powell said the central bank is set to slow its pace of interest rate hikes, while the relaxing of some anti-COVID measures in China also drove up hopes for a full reopening. Chinese stocks were among the best performers on the day, …

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European stock futures surge higher as Powell points to smaller Fed rate hikes

European stock futures surge higher as Powell points to smaller Fed rate hikes

European stock markets are expected to open higher Thursday, with risk appetite soaring after Fed Chair Jerome Powell signaled the U.S. central bank would reduce the size of its interest rate increases later this month. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded 1.1% higher, CAC 40 futures in France climbed 0.9% and the FTSE 100 …

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Germans spending less as soaring power, food costs gnaw finances

Germans spending less as soaring power, food costs gnaw finances

For 25 years, Theo Jost served the German Christmas dish of goose in his restaurant near the Black Forest. The birds were fresh, reared by farmers in northern Germany. But this year he took the dish off the menu because rising costs all along the supply chain would have doubled its price compared to last …

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Investors with $30 trln to push companies on human rights, social issues

Investors with $30 trln to push companies on human rights, social issues

More than 220 investors managing $30 trillion have signed up to a plan to push companies over social issues and human rights, with an initial focus on firms in the mining, metals and renewables sectors. Dubbed ‘Advance’, the coalition is the largest such stewardship initiative, said the organiser, the U.N.-backed Principles for Responsible Investment (PRI), …

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EUR/USD climbs on Powell’s speech, but look out for key indicators

EUR/USD climbs on Powell's speech, but look out for key indicators

Yesterday was a busy day for the EUR/USD, with gains in the morning, in the face of half-hearted European inflation figures, then with a correction in the afternoon, to finally post a strong upward movement overnight, helped by Powell’s speech which confirmed the prospect of a Fed pivot. Indeed, while the Euro-Dollar tested the psychological threshold …

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German retail sales slump in October, setting weak tone for Q4 growth

 German retail sales slumped in October, setting an ominous tone for a fourth quarter in which Europe’s largest economy is widely expected to shrink. Sales fell 2.8% in inflation-adjusted terms, and were even down 1.7% in absolute terms, from September, as consumers reduced their outlays on non-essential items in particular in the face of surging fuel bills. …

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Meta executive says holiday sales were earlier and bigger this year

Meta executive says holiday sales were earlier and bigger this year

The head of Meta Platforms’ business group said on Wednesday that the holiday shopping season started earlier than usual this year and produced a Black Friday sales weekend that appeared to be the biggest on record. Consumers anxious about supply shortages were stocking up early on desired gifts, while businesses with excess inventory sought to …

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European shares jump on Powell’s speech, China relief

European shares jump on Powell's speech, China relief

European shares scaled over three-month highs on Thursday, cheered by U.S. Federal Reserve Chair Jerome Powell signalling smaller interest rate hikes ahead, and China softening its tone on strict COVID-19 rules. The pan-European STOXX 600 index rose 0.9% by 0810 GMT, after rising 6.8% in November, its best month since July. Technology and industrial stocks were among …

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