By Arathy Somasekhar HOUSTON (Reuters) -Oil edged lower on Wednesday in choppy trading as investors looked to pocket profits from two straight days of gains, and as markets debated supply tightness. B[...]
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March 29, 2023
S&P sees corp high-yield default rate doubling by year end
(Reuters) – S&P Global Ratings Credit Research & Insights said on Wednesday that it expects the U.S. trailing 12-month speculative-grade corporate default rate to reach 4% by December, m[...]
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Brazil formal job creation tops expectations in February
SAO PAULO (Reuters) – Brazil exceeded expectations in its formal job creation for February, with the labor ministry on Wednesday reporting a net result of 241,785 positions. That surpassed the e[...]
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Russian data shows consumer prices rise eased slightly in March
MOSCOW (Reuters) – Russia’s weekly consumer price rise eased slightly in the week to March 27, data from state statistics service Rosstat showed on Wednesday, as authorities seek to bring[...]
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Putin looks for positives as Russia’s consumer demand, industrial output slide
By Alexander Marrow MOSCOW (Reuters) – Russian President Vladimir Putin on Wednesday pointed to record low unemployment and marginally higher real wages as evidence of a gradual economic recover[...]
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Banks boost European stocks, UBS climbs after naming Ermotti CEO
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – European shares rose on Wednesday supported by gains in banking stocks, including UBS, which rose after naming a new CEO, while a strong ou[...]
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US pending home sales rise for third straight month; loan demand increases
By Lucia Mutikani WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump co[...]
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Germany unveils immigration reform plan to tackle labour shortages
BERLIN (Reuters) -Germany on Wednesday unveiled draft reforms on immigration, skills training and promoting immigration from Western Balkan countries, a bid by Chancellor Olaf Scholz’s governmen[...]
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Portugal’s rents hit record high amid cost of living crisis
LISBON (Reuters) – Housing rents in Portugal jumped nearly 11% to a record high in the last quarter of 2022, official data showed on Wednesday, adding to the soaring cost of living. Soaring pric[...]
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