WASHINGTON (Reuters) – There are no plans to go back to Congress to push for changes to the Inflation Reduction Act, the White House said Friday, a day after President Joe Biden said it could be[...]
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Politics
White House welcomes EU progress on Russian oil price cap
WASHINGTON (Reuters) -The White House on Friday welcomed news that the European Union was “coming together” on a $60 per barrel price cap on Russian seaborne oil, and said it remained conv[...]
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Dodging recession could whiplash markets: Mike Dolan
By Mike Dolan LONDON (Reuters) -Recession of some sort next year is fast becoming consensus – to such an extent that financial markets could find themselves whiplashed if it doesn’t materi[...]
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Canada’s November jobless rate unexpectedly falls ahead of rate decision
OTTAWA (Reuters) – The Canadian economy added jobs in November and the unemployment rate beat forecasts as fewer people looked for work, official data showed on Friday, evidence that jobs market[...]
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Mexico to hike minimum wage by 20% in 2023, raising inflation worries
MEXICO CITY (Reuters) – Mexico will raise the minimum wage by 20% next year after employers, labor representatives and the government reached an agreement, officials said on Thursday, although s[...]
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Germany’s Scholz welcomes Biden’s openness to tweaking U.S. inflation act
BERLIN (Reuters) – German Chancellor Olaf Scholz welcomed comments by U.S. President Joe Biden that he is open to tweaking the Inflation Reduction Act that has raised fears in Europe of losing i[...]
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Marketmind: Why payrolls might not matter to markets
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s payrolls Friday, yet the most keenly awaited U.S. economic data point may not hold much sway over markets that are[...]
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Exclusive-China’s top banks to issue offshore loans to help developers repay debt -sources
By Julie Zhu, Engen Tham and Jing Xu HONG KONG/SHANGHAI/BEIJING (Reuters) -China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people[...]
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Huawei CFO’s U.S. bank fraud charges to be dismissed
By Karen Freifeld (Reuters) – U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technol[...]
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