By Lawrence Delevingne (Reuters) -Wall Street stocks dropped on Wednesday, while Treasury yields were flat and the dollar volatile, after the U.S. Federal Reserve announced that it would raise interest …
Reuters
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NEW YORK (Reuters) – The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing …
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Business News
Russia working with Venezuela on possible adoption of card payment system -Tass
by Reutersby Reuters(Reuters) – Moscow is working with Venezuela on its possible adoption of Russia’s Mir card payment system, Tass news agency cited Deputy Prime Minister Alexander Novak as saying on Wednesday. …
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U.S. lawmakers scramble to regulate crypto in wake of FTX turmoil
by Reutersby ReutersBy Chris Prentice and Moira Warburton NEW YORK/WASHINGTON (Reuters) -U.S. senators on Wednesday pressed Congress to regulate cryptocurrency under existing financial rules, as lawmakers scramble to rein in the troubled …
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Dollar loses ground after Fed raises rates, forecasts more hikes
by Reutersby ReutersBy Sinéad Carew NEW YORK (Reuters) – The dollar was lower against the yen and the euro on Wednesday after first gaining ground when the U.S. Federal Reserve raised interest …
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White House to release ‘detailed guidance’ for Americans to access climate tax credits
by Reutersby ReutersBy David Shepardson WASHINGTON (Reuters) -White house adviser John Podesta said on Wednesday the Biden administration soon plans to released detailed guidance on how Americans can take advantage of new …
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As Rogers-Shaw court battle wraps up, investors hope for early verdict
by Reutersby ReutersBy Divya Rajagopal TORONTO (Reuters) – As the legal fight between Canada’s competition bureau, Rogers Communications Inc and Shaw Communications Inc draws to a close on Wednesday, anxious investors will …
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Canada’s new foreign investment scrutiny a risk for M&A in key sectors
by Reutersby ReutersBy Divya Rajagopal and Steve Scherer TORONTO (Reuters) – Canadian financial dealmakers are raising the alarm about Ottawa’s proposal to more closely scrutinize national security implications of foreign acquisitions of …
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By David Shepardson WASHINGTON (Reuters) -General Motors said on Wednesday it was recalling 825,000 trucks and SUVs in North America because daytime running lights may not deactivate when the headlights …
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By Emma Farge GENEVA (Reuters) -World Health Organization chief Tedros Adhanom Ghebreyesus said on Wednesday he is “hopeful” that the COVID-19 pandemic will no longer be considered a global emergency …
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In sweltering Bahamas courtroom, Bankman-Fried fights incarceration
by Reutersby ReutersBy Jared Higgs and Brian Ellsworth NASSAU (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed. The …
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Uncertain conditions await Bankman-Fried at Bahamas detention center
by Reutersby ReutersBy Jasper Ward and Brian Ellsworth (Reuters) -Prisoners faced rodents and a lack of toilets in the Bahamas detention center where Sam Bankman-Fried will be held, according to a 2021 …
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Ecuador’s trade agreement with China is ‘practically closed,’ says Lasso
by Reutersby ReutersGUAYAQUIL, Ecuador (Reuters) – Ecuadorian President Guillermo Lasso said on Wednesday that the country is on the verge of closing a free trade agreement with China, a deal that would …
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(Reuters) – Citigroup Inc promoted over 100 women to the role of managing director, the highest ever for the bank, according to a memo seen by Reuters. For the bank, …
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US and World News
Turkish court sentences Erdogan rival to jail with political ban
by Reutersby ReutersBy Ali Kucukgocmen ISTANBUL (Reuters) -A Turkish court sentenced Istanbul Mayor Ekrem Imamoglu to jail on Wednesday and imposed a political ban on the opposition politician who is seen as …
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Inflation, uncertainty fuel new gold rush at ancient Austrian Mint
by Reutersby ReutersBy Francois Murphy VIENNA (Reuters) – The Austrian Mint, one of the world’s oldest and biggest producers of gold bullion coins, is unable to keep up with demand as people …
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By Lucia Mutikani WASHINGTON (Reuters) – U.S. import prices fell for a fifth straight month in November, pulled down by declining costs for petroleum products and a strong dollar, supporting …
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Business News
Biz groups say Biden independent contractor rule clashes with federal law
by Reutersby ReutersBy Daniel Wiessner (Reuters) – Business groups have told the Biden administration that its proposal to limit U.S. companies’ use of independent contractors is not in line with federal wage …
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US and World News
Latvia’s Russia-wary PM Karins gets final nod for government
by Reutersby ReutersRIGA (Reuters) – A majority in Latvia’s parliament on Wednesday voted to confirm the country’s proposed coalition government, allowing Prime Minister Krisjanis Karins to stay in power following his win …
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U.S. SEC votes to increase disclosures around trading plans by insiders
by Reutersby ReutersNEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted to amend the Securities Exchange Act to expand disclosures around the trading of company shares by insiders, …
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US and World News
Texas sought gender change data on drivers licenses, report says
by Reutersby Reuters(Reuters) – The Texas Attorney General’s office requested data on the number of Texans who in recent years had switched their gender on drivers licenses and other state documents, the …
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Business News
Moldova plans to sue Russia’s Gazprom for failure to stick to contract -deputy PM
by Reutersby Reuters(Reuters) -Moldova plans to sue Russia’s Gazprom for failing to fulfill its obligations under a contract to supply gas, Germany’s Deutsche Welle agency cited a senior official as saying on …
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US and World News
U.S. Senate could pass temporary funding bill as soon as Thursday -Schumer
by Reutersby ReutersWASHINGTON (Reuters) -The U.S. Senate could give final approval by Thursday to a one-week extension of federal government funding before the midnight Friday deadline, Senate Majority Leader Chuck Schumer said …
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US and World News
Explainer-How the U.S. plans to commit $55 billion to Africa over three years
by Reutersby ReutersWASHINGTON (Reuters) – The United States plans to commit $55 billion to Africa over the next three years, White House national security adviser Jake Sullivan told reporters on Monday. The …
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Business News
FTX founder Bankman-Fried in custody after fraud charges, bail denied
by Reutersby ReutersBy Jared Higgs, Luc Cohen and Chris Prentice NASSAU, Bahamas/NEW YORK (Reuters) -A Bahamian judge denied FTX founder Sam Bankman-Fried bail on Tuesday, hours after U.S. prosecutors accused the 30-year-old …