By Simon Jessop and Valerie Volcovici SHARM EL-SHEIKH, Egypt (Reuters) – A deal struck at the COP27 climate talks in Egypt calls for an overhaul of the post-World War Two international financial[...]
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Economy
U.S. Senate to hold FTX hearing on Dec. 1, CFTC chairman to testify
(Reuters) – The U.S. Senate Agriculture Committee on Thursday said it will hold a hearing on Dec. 1 to examine the sudden collapse of FTX, one of the world’s biggest crypto exchanges. FTX[...]
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Fed’s Mester says she supports smaller rate hike in December
(Reuters) – The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeping the eco[...]
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Dollar rises as China COVID worries spook markets
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar rose against most major currencies on Monday, recouping recent losses, as fresh COVID-19 curbs in China fuelled worries over the global[...]
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Disney’s Iger may have to cut costs as streaming loses money
By Aditya Soni and Eva Mathews (Reuters) – Saving Walt Disney Co this time will require Bob Iger to show off a different side to his character. The legendary chief executive who transformed Disn[...]
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Tesla safety at centre of South Korean trial over fiery, fatal crash
By Ju-min Park SEOUL (Reuters) – In an upscale Seoul neighbourhood two years ago, a white Tesla Model X smashed into a parking lot wall. The fiery crash killed a prominent lawyer – a close[...]
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U.S. Supreme Court rebuffs RBS ex-banker’s whistleblower award bid
By Andrew Chung (Reuters) -The Supreme Court on Monday declined to hear former Royal Bank of Scotland managing director Victor Hong’s bid to collect a U.S. government whistleblower award of at l[...]
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U.S. business equipment borrowings grew 6% in October- ELFA
(Reuters) – U.S. companies borrowed 6% more in October to finance equipment investments compared with a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Monda[...]
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Investors flock to short crypto funds, products as negative sentiment deepens -CoinShares
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Institutional investors rushed to crypto products that bet on price declines, posting record inflows, as the collapse of digital asset exchange F[...]
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