By Caroline Valetkevitch NEW YORK (Reuters) – U.S. 10-year Treasury yields fell to a four-month low on Wednesday as data showed U.S. retail sales declined more than expected in December, while t[...]
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January 18, 2023
Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
By Jeffrey Dastin and Yuvraj Malik DAVOS, Switzerland (Reuters) – Microsoft Corp on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computi[...]
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Davos 2023: China recovery could be very quick – IMF’s Gopinath
DAVOS, Switzerland (Reuters) – China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restri[...]
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Fed’s Logan supports slower rate hike pace, possibly higher stopping point
By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Wednesday laid out a case for slowing the pace of the U.S. central bank’s interest-rate hikes so as to better[...]
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Marketmind: Finally, bad news is bad news
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. No fireworks from the Bank of Japan but plenty damp squibs for investors to ruminate over, as a string[...]
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U.S. dollar advances vs major currencies as risk appetite fades
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose against major currencies on Wednesday in choppy trading, gaining safe-haven bids as risk appetite worsened with stocks on the def[...]
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Mexico’s Pemex destroyed resources worth $342 million from two top fields
By Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of it[...]
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Robinhood must face customers’ lawsuit alleging it hid trading costs
By Jonathan Stempel (Reuters) -A U.S. judge on Wednesday said Robinhood Markets Inc must face a lawsuit by customers who accused the online trading platform of fraudulently concealing their actual tra[...]
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Yellen, China’s Liu agree to enhance communication after ‘frank exchange’ – U.S. Treasury
By Andrea Shalal ZURICH (Reuters) – U.S. Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues during a[...]
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