By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in May, but a surge in the unemployment rate to a seven-month high of 3.7% suggested that labor market conditions were easing[...]
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June 2, 2023
Nigeria’s central bank auctions FX at 645 naira, weaker than spot rate
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s central bank has sold the dollar at 645 naira at its latest auction, results showed on Friday, lower than 465 naira where the currency is tr[...]
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Argentina doubles China currency swap access to $10 billion
By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion, the South American country[...]
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Brazil’s central bank chief opposes creation of common currency
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in the era of digitalization it i[...]
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Analysis-Risk of US downgrade still on the cards despite debt deal
By Davide Barbuscia NEW YORK (Reuters) -While a U.S. default on its debt has been averted, the possibility of another credit rating downgrade remains, as 11th-hour debt ceiling negotiations have becom[...]
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US debt ceiling deal strands $16 billion of defense side-projects
By Mike Stone and Patricia Zengerle WASHINGTON (Reuters) – A $16 billion list of lower-priority defense items like tanks, helicopter upgrades and a ship, that would normally be paid for as part[...]
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Biden lauds U.S. job growth, says debt ceiling bill to also boost economy
WASHINGTON (Reuters) – U.S. President Joe Biden said the bipartisan debt ceiling bill is expected to further boost the nation’s economic outlook after data released earlier on Friday showe[...]
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Fed rate-hike pause still likely despite strong data
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials, whose hike, skip or pause messaging on interest rates has become a high-stakes word puzzle for investors, seem ready to end[...]
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Toronto home prices rise in May as sales jump 20%
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices increased in May from April and sales rose sharply, adding to evidence that the housing market is recovering after a ye[...]
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