By Marc Jones LONDON (Reuters) – The post-pandemic rebound in world growth and inflation last year meant the amount of debt sloshing around the global economy saw its first annual fall in dollar[...]
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Australia
Rio Tinto slashes dividend as profit plunges on slower China demand
By Clara Denina and Harish Sridharan LONDON (Reuters) -Rio Tinto more than halved its dividend on Wednesday after posting a 38% drop in annual profit, hurt by weaker iron ore prices as demand from Chi[...]
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Citigroup expects ‘less hard’ landing for global economy this year
(Reuters) -Citigroup economists on Wednesday raised their global growth forecast slightly and see a “less hard” landing but still expect the world’s economy to grow at the slowest pa[...]
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Global stocks fall, U.S. yields rise on higher interest rate outlook
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets fell while U.S. Treasury yields hit new highs on Tuesday as investors weighed the prospects of a longer-than-anticipated stiff monetary polic[...]
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Dollar clings to modest gains as strong U.S. data lends support
By Laura Matthews NEW YORK (Reuters) – The dollar held on to modest gains against its peers on Tuesday, supported by strong U.S. economic data, but the greenback was down against the British pou[...]
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Rio Tinto enters agreement with BMW to provide hydro-produced aluminum
By Stephen Culp NEW YORK (Reuters) – Rio Tinto on Tuesday said it would supply BMW with aluminum it produces in Canada using hydroelectric power, lowering the auto manufacturer’s carbon fo[...]
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Australia’s central bank abandoned pause option for Feb rate hike
SYDNEY, Feb 21 (Reuters) – Australia’s central bank, startled by the risk that inflation could prove stickier than previously thought, abandoned all thought of pausing at its February poli[...]
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Australia’s Coles sees shoppers tightening wallets after first-half profit jump
(Reuters) -Australian grocer Coles Group Ltd on Tuesday posted a 17% jump in first-half profit and forecast cost pressures would ease in the second half, but the country’s No. 2 grocer warned th[...]
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Australia’s Magnis in deal with Tesla to supply graphite for electric vehicle batteries
(Reuters) – Australia’s graphite developer Magnis Energy on Tuesday said it has signed a binding offtake deal with Tesla Inc to supply battery anode materials for a minimum three-year term[...]
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