A look at the day ahead in U.S. and global markets from Mike Dolan. With an anxious look at China’s worsening COVID surge, the U.S. dollar appears revitalized just as speculators turn against it[...]
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Europe
China’s COVID woes keep European stocks under pressure
(Reuters) – European shares slipped on Monday, with economically sensitive sectors like mining and industrials leading the losses on worries about the impact of surging COVID-19 cases in China.[...]
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Exxon says Britain’s Fawley oil refinery unaffected by strike
(Reuters) – Exxon Mobil said on Monday that its 390,000 barrel per day (bpd) Fawley oil refinery in southern England is unaffected by strike action. “Operations at Fawley are unaffected an[...]
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Collapsed FTX owes nearly $3.1 billion to top 50 creditors
(Reuters) -Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its to[...]
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FTX shows need to regulate crypto before it gets big, says Bank of England
LONDON (Reuters) – The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Mon[...]
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Global equity bear market not over yet – Goldman Sachs
(Reuters) – Goldman Sachs on Monday warned that the global equity bear market is not over as the markets are yet to see a trough in the momentum of global growth deterioration, a peak in interes[...]
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StanChart sees Asia, Middle East as bright spots in weak global economy
By Anshuman Daga SINGAPORE (Reuters) – Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in borrowing costs risk tipping ma[...]
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Swiss bank Julius Baer set to meet targets despite market fall
ZURICH (Reuters) -Julius Baer on Monday said it was on track to reach its 2022 profitability targets, even though “challenging market” conditions have shrunk its assets. Assets under manag[...]
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Budweiser World Cup campaign curbed, not crashed, by Qatar beer ban
By Philip Blenkinsop BRUSSELS (Reuters) -A last-minute decision to ban the sale of alcohol at Qatar’s World Cup stadiums will seriously limit Budweiser sales in the Gulf state, but will not dera[...]
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