By Ann Saphir (Reuters) – U.S. central bankers are expected to keep their inflation fight in high gear this week, even as they intensify a debate over when to downshift …
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(Reuters) -Sri Lanka’s key inflation rate eased to 66% in October after hitting 69.8% in September, the crisis-struck country’s statistics department said on Monday. The still extremely elevated Colombo Consumer …
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Japan has tools to smooth out yen moves, says ex-finance ministry exec
by Reutersby ReutersBy Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out volatile moves driven by …
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FRANKFURT (Reuters) – Euro zone inflation surged past expectations yet again this month to hit a record high, pointing to further interest rate hikes from the European Central Bank as …
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LONDON (Reuters) – It’s rate hike central with monetary policy meetings in the United States, Britain, Australia and Norway in the week ahead. Any signs that the pace of aggressive …
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(Reuters) – The Federal Reserve is set to raise interest rates by three-quarters of a percentage point at the end of a two-day meeting on Wednesday, marking the fourth straight …
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China’s factory, services activity skids on relentless COVID curbs
by Reutersby ReutersBEIJING (Reuters) -China’s factory activity unexpectedly fell in October, weighed by softening global demand and strict domestic COVID-19 curbs, which hit production, travel and shipping in the world’s second-largest economy. …
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Marketmind: Fed peak rate talk meets China curbs, grain strain
by Reutersby ReutersA look at the day ahead in U.S. and global markets from Mike Dolan. A potentially pivotal week for U.S. monetary policy has been given a new twist from fresh …
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Credit Suisse unveils details of $4 billion capital raising plan
by Reutersby ReutersBy John Revill ZURICH (Reuters) -Credit Suisse on Monday unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to support the embattled bank’s bid …
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‘Perfect storm’ swirls as Canadians face hot inflation, rising rates
by Reutersby ReutersBy Julie Gordon and Rod Nickel OTTAWA/WINNIPEG, Manitoba (Reuters) -At a warehouse on an industrial stretch in Ottawa, giant metal crates of donated groceries are piled high as volunteers sort …
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Men wrongly convicted in Malcolm X slaying reach settlement with New York City, state
by Reutersby ReutersBy Rich McKay (Reuters) – A man exonerated last year in the 1965 slaying of Black activist Malcolm X and the estate of a second man cleared posthumously reached a …
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Man arrested in attack on U.S. House Speaker Pelosi’s spouse faces charges
by Reutersby ReutersBy Nathan Frandino and Steve Gorman SAN FRANCISCO (Reuters) -The man who clubbed U.S. House Speaker Nancy Pelosi’s husband in the head with hammer, shouting “Where is Nancy?” after forcing …
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Hong Kong economy shrinks 4.5% yr/yr in Q3, outlook remains weak
by Reutersby ReutersHONG KONG (Reuters) – Hong Kong’s economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight quarter of downturn, advance government …
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Europe-listed Brazil stocks, Petrobras slip after Lula election win
by Reutersby ReutersLONDON (Reuters) – German-listed shares in Brazil’s state-run oil company Petrobras slipped more than 7% in early European trade after leftist leader Luiz Inacio Lula da Silva narrowly defeated President …
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Fewer German companies feel threatened than during pandemic – Ifo
by Reutersby ReutersBERLIN (Reuters) – Far fewer German businesses feel their survival is at risk now than at the height of the COVID-19 pandemic, a survey by economic institute Ifo showed on …
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Busking Brit crosses Iraq on his way to COP27 without flying
by Reutersby ReutersBy Charlotte Bruneau BAGHDAD (Reuters) – With a violin on his back and maps in his bag, Dan Hodd left Spain a month ago and was cycling through busy Baghdad …
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BERLIN (Reuters) – German trade union IG Metal Kueste said it has called on several thousand workers to strike on Tuesday at 15 sites, including Airbus in Hamburg. The warning …
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Hong Kong proposes allowing retail trade in cryptocurrencies
by Reutersby ReutersBy Georgina Lee HONG KONG (Reuters) – Hong Kong’s government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds – a move it hopes will help …
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Japan carrier ANA Holdings posts half-year profit, raises full-year target
by Reutersby ReutersTOKYO (Reuters) -Japan’s largest airline ANA Holdings Inc on Monday swung to a half-year profit and raised its full-year earnings target as a relaxation of COVID-19 border measures fosters a …
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BANGKOK (Reuters) – Thailand’s central bank on Monday said it would end two policies that were initiated to mitigate the impact of the pandemic, including measures that supported the property …
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Stellantis Jeep joint venture in China to file for bankruptcy
by Reutersby Reuters(Reuters) -The venture between Stellantis and Guangzhou Automobile Group Co (GAC) producing Jeep vehicles in China will file for bankruptcy, the companies said on Monday, after a lengthy decline for …
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Swiss National Bank loses nearly $143 billion in first nine months
by Reutersby ReutersBy John Revill ZURICH (Reuters) -The Swiss National Bank lost 142.2 billion Swiss francs ($142.60 billion) in the first nine months of 2022, it said on Monday, as rising interest …
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Analysis-U.S. and allies turn to deterring war with North Korea as options for preventing nuclear tests dwindle
by Reutersby ReutersBy Josh Smith SEOUL (Reuters) – The prospect of a new North Korean nuclear test underscores the limited options for Washington and its allies, who have embraced “deterring” Pyongyang through …
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LVMH-backed L Catterton aims to raise 2 billion yuan in first yuan-denominated fund
by Reutersby ReutersBEIJING/HONG KONG (Reuters) -L Catterton, the private equity firm backed by luxury goods empire Louis Vuitton Moet Hennessy, said on Monday it aimed to raise 2 billion yuan ($275.44 million) …
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Europe’s debt market strains force some governments to rework trading rules
by Reutersby ReutersBy Yoruk Bahceli and Dhara Ranasinghe (Reuters) – Some euro zone countries have eased rules for the banks that manage the trading of their government debt to help them cope …