(Reuters) – U.S. household wealth fell by $400 billion in the third quarter as a drop in U.S. stock prices outpaced gains in real estate values, a Federal Reserve report showed on Friday. Househ[...]
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December 9, 2022
China urges U.S. to respect WTO panel ruling – statement
GENEVA (Reuters) – China urged the United States to respect a World Trade Organization ruling on Friday which found that Trump-era U.S. tariffs imposed on steel and aluminium imports contravened[...]
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Recession drumbeat gets louder as more U.S. CEOs strike mellow note for 2023
By Medha Singh (Reuters) – Corporate America is starting to feel the chill of a looming recession as top executives from companies such as JPMorgan Chase & Co, Walmart Inc and United Airline[...]
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U.S. producer prices increase; near-term inflation expectations ease
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices rose slightly more than expected in November amid a jump in the costs of services, but the trend is moderating, with annual inflatio[...]
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Bank of Canada will likely need to hold rates above 4% in 2023 -IMF
OTTAWA (Reuters) – The Bank of Canada will likely need to keep interest rates at or above 4% for most of 2023 to cool an overheated economy and tame high inflation, the International Monetary Fu[...]
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EU locked in intensifying tug-of-war with Hungary over money
By Gabriela Baczynska and John Chalmers BRUSSELS (Reuters) – The European Union was haggling with Hungary on Friday over releasing billions of euros in aid in exchange for Budapest revoking its[...]
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Fed discount window borrowing is edging up, but is it a problem?
By Michael S. Derby NEW YORK (Reuters) – Borrowing at a key Federal Reserve facility long associated with providing emergency loans to banks has been edging higher, recently climbing to over $10[...]
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German economy ministry calls for joint EU response to U.S. inflation act
BERLIN (Reuters) – Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, accordin[...]
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Russian consumer inflation slows to 12% as central bank meeting looms
MOSCOW (Reuters) – Annual inflation in Russia slowed further in November, but consumer prices rose again in month-on-month terms, data showed on Friday, just one week before the central bank mee[...]
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