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    LONDON, Dec 5 (Reuters) – Pension funds and other ‘non-bank’ financial firms have more than $80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said. The BIS, dubbed the central bank to the world’s central banks, also said in its latest quarterly report that 2022’s market upheaval ...
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    NEW YORK, Dec 6 (Reuters) – As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index (.MIEM00000CUS) is up nearly 5% from its lows and notched its best monthly gain in about ...
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    Dec 1 (Reuters) – TotalEnergies (TTEF.PA) will cut its investment in British North Sea oil and gas projects by a quarter next year after the UK government hiked a windfall tax on the sector, the French firm’s British exploration and production chief said on Wednesday. Energy giants Shell (SHEL.L) and Equinor (EQNR.OL) have also said ...
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    LONDON, Dec 1 (Reuters) – HSBC (HSBA.L) has identified $1.7 billion of extra costs that can be stripped out next year, Chief Executive Noel Quinn said on Friday, as the bank battles to improve returns amid calls for it to be broken up by its biggest shareholder. The cuts – on top of existing targeted ...
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    LONDON, Dec 1 (Reuters) – BlackRock Investment Institute is not “chasing” the stock rally triggered by Federal Reserve chief Jerome Powell’s latest comments because U.S. interest rates are still likely to stay elevated, its global chief investment strategist said on Thursday. Stock markets have been cheered by comments from Powell on Wednesday that signalled this ...
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    HALEWOOD, England, Dec 1 (Reuters) – Ford Motor Co (F.N) will invest an extra 149 million pounds ($180 million) to boost output of electric vehicle (EV) power units by 70% at its engine factory in northern England as the U.S. carmaker accelerates its push to go electric. Electric drive unit production capacity at the Halewood ...
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    Pennon Group slips on lower half-year profit Mining, energy stocks lead gains Consumer discretionary and staple stocks climb FTSE 100 up 0.8%, FTSE 250 off 0.1% Nov 30 (Reuters) – UK’s FTSE 100 index closed with sharp gains on Wednesday and marked its best monthly performance in two years, lifted by commodity-linked and consumer stocks ...
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    LONDON, Nov 29 (Reuters) – Sterling gained against the dollar on Tuesday as the safe-haven greenback fell against most currencies as market sentiment improved on hopes that China would ease its strict COVID-19 curbs. The pound was last 0.45% higher against the dollar at $1.2014, heading back towards last week’s three-month high of $1.2153. “FX ...
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    SYDNEY/MELBOURNE, Nov 29 (Reuters) – After a decade of making up to A$200,000 a year (about US$135,000) on oil and gas rigs as a fitter and subsea equipment specialist in Western Australia, Adam Naylor had had enough. He had watched his pay go backward and conditions worsen during the pandemic, he said, as companies enforced ...
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    Powell’s speech on Wednesday awaited U.S. jobs data due on Friday Silver down more than 2% Nov 28 (Reuters) – Gold prices slipped from more than one-week high on Monday, as the dollar and U.S. Treasury yields edged up from session lows, with investors awaiting Federal Reserve Chair Jerome Powell’s speech later this week for ...