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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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    PHOENIX, Ariz., Dec 6 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) on Tuesday said it would more than triple its planned investment at its new Arizona plant to $40 billion, among the largest foreign investments in U.S. history, as President Joe Biden visited and hailed the project. The expanded investment is a big win for Biden ...
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    2023 copper output seen at 1.04 mln T vs consensus 1.12 mln T Lifts short-term net debt view towards top of target range Shares fall as much as 3.5% LONDON, Dec 6 (Reuters) – London-listed Glencore (GLEN.L) cut 2023 production guidance across all the commodities it mines, missing consensus estimates and sending its shares sharply ...
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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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    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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    BEIRUT/ANKARA, Dec 2 (Reuters) – Syria is resisting Russian efforts to broker a summit with Turkey’s President Tayyip Erdogan, three sources said on Friday, after more than a decade of bitter enmity since the outbreak of Syria’s civil war. However two Turkish sources, including a senior official, disputed that Damascus was delaying and said that ...
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    Markets cautious ahead of U.S. non-farm payrolls Investors look for more signs of China reopening U.S. yields fall 3rd straight day Euro at 5-month high against dollar; yen at 3-month high LONDON, Dec 2 (Reuters) – World stocks stalled, Treasuries held on to price gains and the dollar was nursing heavy losses on Friday ahead ...
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    Canadian factory sector activity slows for fourth month Bank stocks fall after CIBC, BMO and TD report results Dec 1 (Reuters) – Canada’s main stock index rose for the third-straight session on Thursday, supported by technology and commodity-linked shares, while investors digested mixed manufacturing data. At 10:20 a.m. ET (15:20 GMT), the Toronto Stock Exchange’s ...
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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 ...