By Lewis Krauskopf NEW YORK (Reuters) -Investors are watching for signs that the conflict in the Middle East may be escalate over the weekend, potentially ratcheting up volatility as investors await a[...]
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October 28, 2023
SNB vice-chairman says further rate hikes may be needed
GENEVA (Reuters) – The Swiss National Bank may need to tighten its monetary policy further depending on how inflation develops in the country, Vice-Chairman Martin Schlegel said in an interview[...]
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Sam Bankman-Fried admits ‘mistakes’ but testifies he did not defraud anyone
By Jody Godoy and Luc Cohen NEW YORK -FTX founder Sam Bankman-Fried, testifying in his own defense at his fraud trial on Friday, said a “lot of people got hurt” when the cryptocurrency exc[...]
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Exclusive-Britain’s Virgin Media O2 nears stake sale in towers business to GLIL – sources
By Amy-Jo Crowley, Andres Gonzalez and Paul Sandle LONDON (Reuters) – Virgin Media O2 is in exclusive talks to sell a slice of its shareholding in Britain’s largest mobile tower network to[...]
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Flights in China to increase 34% above pre-pandemic levels
BEIJING (Reuters) -China’s aviation regulator said it will increase domestic flights to 34% above pre-pandemic levels, a move that will further boost the recovery of Chinese airlines. China[...]
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Thai policy rate is right for now, Mideast war is a concern – central bank chief
BANGKOK (Reuters) -Thailand’s current policy rate is appropriate for the economy, but the central bank is ready to make “adjustments” if needed, the bank’s governor said as he[...]
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Stellantis nears UAW deal after intensive talks
By David Shepardson and Joseph White (Reuters) -Chrysler parent Stellantis and the United Auto Workers were nearing a deal that could be finalized as soon a Saturday to end a six-week-old strike, sour[...]
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Stocks drag despite tech lift as inflation lingers
By Lawrence Delevingne (Reuters) -Global shares struggled on Friday despite a lift from technology giants, while benchmark Treasury yields and the dollar saw little change as data confirmed U.S. infla[...]
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