By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by Federal Reserve Chairman Jerome Powell’s testimony in which he signaled more interest r[...]
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June 23, 2023
Stocks fall, dollar up as investors weigh more rate hikes
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the U.S. dollar rose on Friday as investors digested comments from Federal Reserve officials that signalled further in[...]
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Oil dips on demand worries as more rate hikes likely
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled lower on Friday, posting a weekly decline as traders worried interest rate hikes could sap demand despite signs of tighter supplies including[...]
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Dollar higher on safety bid as data spurs growth worries
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday after dismal business activity data from around the globe soured risk sentiment and as hawkish comments from central[...]
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US business borrowing for equipment up 1% in May, ELFA survey shows
(Reuters) – U.S. companies borrowed 1% more in May compared to a year earlier to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. The[...]
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Biden to deliver major economic address in Chicago next week
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden will deliver what his aides are billing as a major economic policy speech on Wednesday, laying down a key marker for his re-el[...]
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European shares post worst week in three months, Siemens Energy slumps
By Shreyashi Sanyal, Bansari Mayur Kamdar (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for lo[...]
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Analysis-Investors lament lost opportunity after unconvincing Turkish rate hike
By Libby George LONDON (Reuters) -Foreign investors hoping for a game-changing rate hike from Turkey’s newly appointed central bank chief said Thursday’s disappointing move to a key rate o[...]
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Pakistan’s economic meltdown spurs more people to risk lives to reach Europe
By Gibran Naiyyar Peshimam KHUIRATTA, Pakistan-administered Kashmir (Reuters) – Hameed Iqbal Bhatti had prospered over two decades working in Saudi Arabia, but after returning to Pakistan three[...]
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