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    NEW YORK, Dec 7 (Reuters) – The U.S. dollar weakened slightly against major currencies on Wednesday amid concerns that rising interest rates could push the U.S. economy into recession, while an easing of China’s COVID restrictions boosted the yuan. Some U.S. bank executives are bracing for a worsening U.S. economy next year. Among them, Bank ...
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    Global stocks index down 0.3%; dollar turns lower China relaxes COVID rules but imports, exports slump India hikes rates; Bank of Canada rate announcement due http://tmsnrt.rs/2yaDPgn MILAN, Dec 7 (Reuters) – World stocks eased on Wednesday and bonds remained supported after a chorus of Wall Street bankers warned about a likely recession ahead, tempering optimism ...
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    WASHINGTON, Dec 7 (Reuters) – Thomas Barkin, Richmond Federal Reserve President, was poring over the latest inflation-related data one morning this June after breakfast with bank interns when he saw an alarming sign. Prices had surged in May, after a slight drop in April that had raised hopes that a recent uptick in inflation would ...
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    BENGALURU, Dec 7 (Reuters) – The dollar will rebound against most currencies over the coming months, with the growing threat of recession in the U.S. and elsewhere keeping it firm in 2023 through safe-haven flows, according to market strategists polled by Reuters. While most said there was not much scope for further dollar upside based ...
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    Dec 7 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Two steps forward, one step back. What Asian markets have gained recently on Fed Chair Jerome Powell’s dovish tilt and China reopening hopes is vulnerable to getting clawed back by fears that U.S. and global interest rates will have ...
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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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    SYDNEY, Dec 6 (Reuters) – Australia’s current account fell into deficit for the first time in three years last quarter as robust domestic demand sucked in imports and miners paid more dividends abroad, though the drag on economic growth was not as large as first feared. Data from the Australian Bureau of Statistics on Tuesday ...
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    BENGALURU, Dec 5 (Reuters) – Indian shares are set to track Asian equities higher on Monday, as China’s unwinding of pandemic restrictions raised hopes of an improved global growth outlook. India’s NSE stock futures listed on the Singapore exchange were up 0.24% at 18,870.50 as of 07:25 a.m IST. The blue-chip indexes had closed lower ...
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    No discussions about Russian price cap – delegates Oil prices have come under pressure from weak economy Next meetings to take place Feb. 1 and June 3-4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact ...
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    Dec 2 (Reuters) – Persistently massive inflows of cash into a key Federal Reserve facility are in large part being driven by a bank liquidity regulation change from last year, a report from the New York Fed said Friday. The Fed’s facility offers what are called reverse repos, which allow eligible firms to park cash ...