WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes fell for a fifth straight month in October as the housing market continued to sag amid higher mortgage rates. The National Ass[...]
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U.S. private payrolls growth slows in November-ADP
WASHINGTON (Reuters) – U.S. private payrolls increased far less than expected in November, suggesting demand for labor was cooling amid high interest rates, a survey showed on Wednesday. Private[...]
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Venezuelan oil exports flow using false documents, ships linked to Iran
By Marianna Parraga and Jonathan Saul HOUSTON/LONDON (Reuters) – When the supertanker Young Yong sailed to the Chinese port of Qingdao in September last year, it had quality certificates for its[...]
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Close Yellen adviser Lipton to step down
(Reuters) -David Lipton, one of U.S. Treasury Secretary Janet Yellen’s closest advisers who has helped shape international economic policy, will step down on Wednesday, the department said. The[...]
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Airbnb launches service allowing American renters to host apartments
(Reuters) – Airbnb Inc said on Wednesday it is introducing a new listing service in the United States that will help renters find an apartment where they can host part-time. The move comes at a[...]
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Foxconn asks workers for referrals to replenish China plant’s staff
SHANGHAI (Reuters) – Apple supplier Foxconn on Wednesday offered a 1,000 yuan ($141.11) award to staff who successfully recommend people to work at its plant in China’s Zhengzhou city, as[...]
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Reelin’ in the year: Powell’s pivot, Fed unity, and the war on inflation
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve started 2022 expecting a surge in inflation to subside as the pandemic-scarred economy got back to normal, and divided over how muc[...]
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BlockFi tells U.S. bankruptcy court it is ‘the antithesis of FTX’
By Dietrich Knauth (Reuters) -BlockFi, the first direct casualty of crypto exchange FTX’s collapse, told a U.S. bankruptcy judge on Tuesday that the U.S. cryptocurrency lender was “the ant[...]
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Singapore’s Temasek holds internal review of $275 million FTX-related loss
SINGAPORE (Reuters) – Singapore’s Deputy Prime Minister Lawrence Wong said on Wednesday that Temasek Holdings has initiated an internal review of its investment in the now-bankrupt FTX cry[...]
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