A look at the day ahead in U.S. and global markets from Mike Dolan. A brutal week for technology stocks worldwide got even worse on Friday as Amazon became the …
US and World News
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By Gabriel Stargardter CATANDUVA, Brazil (Reuters) – The small city of Catanduva in the rural farm belt of Sao Paulo state has been ahead of the political curve in Brazil. …
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Three of China’s largest lenders report over 6% rise in third quarter profit
by Reutersby ReutersBEIJING (Reuters) – Three of China’s largest lenders posted third quarter profit rises of over 6% as non-performing loan ratios shrunk. Industrial and Commercial Bank of China Ltd (ICBC), the …
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By Mike Dolan LONDON (Reuters) -If the U.S. Federal Reserve tends to tighten hard until something breaks, as some investors still believe despite the central bank’s denials, then it may …
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Japan’s premier Kishida: Ready to act against excessive FX volatility
by Reutersby ReutersTOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market. “No one benefits from …
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Taiwan Q3 GDP grows faster than expected on lifting of COVID curbs
by Reutersby ReutersTAIPEI (Reuters) -Taiwan’s economy grew much faster than expected in the third quarter and at its fastest pace since the last three months of 2021, boosted by a revival of …
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French economy ekes out meagre growth in Q3, inflation hits record high
by Reutersby ReutersBy Richard Lough PARIS (Reuters) – France’s economy eked out meagre growth in the third quarter as household spending stagnated and a sharp jump in inflation in October signalled headwinds …
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By Alex Lawler LONDON (Reuters) – OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict, in a forthcoming …
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BOJ defies global tightening trend, sticks to ultra-low rates
by Reutersby ReutersBy Leika Kihara TOKYO (Reuters) – The Bank of Japan kept ultra-low interest rates on Friday and maintained its dovish guidance, cementing its status as an outlier among global central …
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Analysis-European retailers are on investors’ naughty lists this Christmas
by Reutersby ReutersBy Joice Alves LONDON (Reuters) -As the cost-of-living crisis squeezes consumers and shrinks disposable incomes, this year’s Christmas shopping period is unlikely to bring relief to European retailers selling anything …
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By Anna Ringstrom STOCKHOLM (Reuters) – Europe’s biggest home appliances maker Electrolux said on Friday it expects further falls in demand due to inflation and high interest rates as soaring …
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Japan cabinet approves spending package to ease inflation pain
by Reutersby ReutersTOKYO (Reuters) – Japan’s government on Friday unveiled a new stimulus package with spending worth 39.0 trillion yen ($265 billion) that it said would boost gross domestic product (GDP) by …
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By Paul Sandle LONDON (Reuters) – British Airways owner IAG said demand for its flights had not wavered after a strong summer that saw revenue exceed pre-pandemic levels despite a …
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China expands list of sectors for foreign investment, focusing on manufacturing
by Reutersby ReutersBEIJING (Reuters) – China’s state planner on Friday issued the 2022 list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing sectors …
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Toyota says quarterly output up 30%, but parts shortages continue
by Reutersby ReutersBy Satoshi Sugiyama TOKYO (Reuters) -Toyota Motor Corp on Friday said global production climbed 30% in the quarter ended in September, but warned the shortages of semiconductors and other parts …
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Tuberculosis deaths rose during pandemic, reversing years of decline – WHO
by Reutersby ReutersBy Bhanvi Satija (Reuters) – Global deaths from tuberculosis are estimated to have increased between 2019 and 2021, reversing years of decline as the COVID-19 pandemic severely derailed efforts to …
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By Anne Kauranen HELSINKI (Reuters) – Finland’s national carrier Finnair on Friday reported its first positive quarterly operating profit since 2019 and said it expects strong demand to continue as …
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Spain’s quarterly growth slows to 0.2%, missing expectations
by Reutersby ReutersMADRID (Reuters) -Spain’s economic growth slowed down sharply to 0.2% in the third quarter from the previous three-month period when gross domestic product expanded 1.5%, slightly missing expectations, flash data …
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(Reuters) – The Bank of Japan kept ultra-low interest rates on Friday and maintained its dovish guidance, cementing its status as an outlier among global central banks tightening monetary policy, …
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South Korea’s Legoland default points to wider bond market stress
by Reutersby ReutersBy Cynthia Kim SEOUL (Reuters) -A missed bond payment by the developer of a South Korean theme park has rattled the country’s money markets and raised worries about the prospect …
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By Noele Illien, John O’Donnell and Davide Barbuscia ZURICH/NEW YORK (Reuters) – After months of reflecting, Credit Suisse’s chairman Axel Lehmann revealed an overhaul “to rebuild Credit Suisse as a …
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Volkswagen: Supply chain problems now the rule, not exception
by Reutersby ReutersBERLIN (Reuters) – Volkswagen’s chief executive warned on Friday that supply chain problems were now the rule and not the exception, with the carmaker sitting on 150,000 unfinished vehicles because …
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Ryanair’s handling services call off strikes at 22 Spanish airports
by Reutersby ReutersMADRID (Reuters) – Workers at Azul Handling, the ground handling company servicing Ryanair in 22 Spanish airports, called off a plan to hold several 24-hour strikes between Oct. 28 and …
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Sanofi sees faster profit growth on Dupixent, flu vaccine demand
by Reutersby ReutersBy Ludwig Burger (Reuters) -French drugmaker Sanofi on Friday forecast faster earnings growth this year on strong demand for its bestselling drug Dupixent and for its flu vaccines, spurring a …
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French asset manager Amundi posts Q3 outflows of $13 billion
by Reutersby ReutersBy Carolyn Cohn LONDON (Reuters) -Amundi posted net outflows of 12.9 billion euros ($12.86 billion) in the third quarter, the French asset manager said on Friday, hurt by weak markets …