(Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday she believes inflation is coming down “meaningfully,” and with inflation expectations under control it should not be[...]
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December 12, 2023
Fed seen on policy hold until May as inflation edges up
(Reuters) -The Federal Reserve is seen holding off on any interest-rate cuts until at least May of next year, after a government report on Tuesday showed consumer prices unexpectedly edged back up in[...]
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Zara regrets campaign ‘misunderstanding’ after Gaza boycott calls
LONDON (Reuters) -Fashion brand Zara withdrew an ad campaign featuring statues wrapped in white that sparked calls for a boycott and protests outside stores by some pro-Palestinian activists, saying o[...]
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Exclusive-Venezuela to receive 27% more income from PDVSA after sanctions easing-document
By Mayela Armas CARACAS (Reuters) – Venezuela’s government foresees a 27% increase in its income from state-run oil company PDVSA next year, according to a document seen by Reuters, after[...]
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Global EV sales hit new record in November – Rho Motion
By Nick Carey LONDON (Reuters) – Global sales of battery electric vehicles (BEV) and plug-in hybrids (PHEV) rose 20% versus a year ago as strong growth in North America and China offset lower sa[...]
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Amazon to defend iRobot buy at Dec 18 EU hearing, source says
By Foo Yun Chee BRUSSELS (Reuters) – Amazon will defend its $1.4 billion purchase of robot vacuum maker iRobot at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter sai[...]
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Nov US CPI uptick not a Fed incentive for early ease
NEW YORK (Reuters) – U.S. consumer prices unexpectedly rose in November while underlying inflation pushed higher, offering more evidence that the Federal Reserve was unlikely to pivot to interes[...]
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South Korean auto battery firms take on Chinese rivals but with trepidation
By Heekyong Yang SEOUL (Reuters) – Under pressure from clients eager to diversify away from China, South Korean makers of automotive batteries have pledged to develop a more affordable type of b[...]
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Goldman commodities head Emerson to retire, succeeded by Qin and Jindal-memos
By Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs’ head of global commodities Ed Emerson will retire in March after more than 24 years at the Wall Street giant, according to a memo seen by Reut[...]
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