(Reuters) – Global equity funds recorded enormous outflows in the week ended on Nov. 30 as investors booked profits – after a rally in the last month – amid concerns about global eco[...]
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December 2, 2022
Silicon Valley startup beaming electricity wirelessly raises $30 million
By Jane Lanhee Lee REDWOOD CITY, Calif. (Reuters) – Reach Power Inc, a Silicon Valley startup that beams electricity wirelessly, said on Friday it had raised $30 million in a funding round that[...]
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As the Fed plans to ‘raise and hold,’ new projections may show the cost
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials have signaled plans for a half-point interest rate hike at their meeting this month, and while that would be a step down[...]
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Crypto meltdown a boon for bankruptcy lawyers
By Andrew Goudsward (Reuters) – Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptc[...]
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Mexico to hike minimum wage by 20% in 2023, raising inflation worries
MEXICO CITY (Reuters) – Mexico will raise the minimum wage by 20% next year after employers, labor representatives and the government reached an agreement, officials said on Thursday, although s[...]
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Germany’s Scholz welcomes Biden’s openness to tweaking U.S. inflation act
BERLIN (Reuters) – German Chancellor Olaf Scholz welcomed comments by U.S. President Joe Biden that he is open to tweaking the Inflation Reduction Act that has raised fears in Europe of losing i[...]
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Marketmind: Why payrolls might not matter to markets
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s payrolls Friday, yet the most keenly awaited U.S. economic data point may not hold much sway over markets that are[...]
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REUTERS NEXT: After FTX collapse, pressure builds for tougher crypto rules
(Reuters) – Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest c[...]
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UK insurers face watchdog crackdown for undervaluing cars while settling claims
LONDON (Reuters) – Britain’s financial watchdog on Friday warned insurers against undervaluing cars and other items when customers submit a damage claim and said it was taking unspecified[...]
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