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BUENOS AIRES, Dec 10 (Reuters) – Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to a sharp, painful fiscal shock to fix the country’s worst economic crisis in decades, with inflation heading towards 200%. “There is no alternative to a shock adjustment,” he said … Read more
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A worker is reflected in a wall of the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 1, 2016. REUTERS/David Gray/File Photo Acquire Licensing Rights Dec 5 (Reuters) – A look at the day ahead in Asian markets. An interest rate decision from Australia and key inflation readings from Japan and … Read more
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LONDON, Nov 28 (Reuters) – Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at three-month lows and supported gold above $2,000 an ounce. Traders will have to weigh up data this week on how the U.S. economy fared in … Read more
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The One World Trade Center building stands amid the Manhattan skyline in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing Rights Nov 27 (Reuters) – New York has been awarded nearly $24 million in federal funding to strengthen and improve the state’s electric infrastructure in order to minimize the effects of … Read more
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FDI gathering held at 16th century palace Sunak hails investment, holds off on subsidy push Britain has slipped in FDI rankings HAMPTON COURT, England, Nov 27 (Reuters) – Prime Minister Rishi Sunak announced 29.5 billion pounds ($36.8 billion) of private sector investment in Britain at a gathering of global executives on Monday aimed at catapulting … Read more
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NEW YORK, Nov 22 (Reuters) – The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year’s presidential election and recession fears as likely to start weighing on markets. Since late October, the … Read more
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A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan The mercurial world of … Read more
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The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing Rights A look at the day ahead in European and global markets from Wayne Cole. The early focus was on Nvidia (NVDA.O), which in AI tech terms is the only … Read more
Argentina domestic markets re-open after Monday bank holiday International bonds, US-listed stocks surged in post election rally U.S.-premarket indications point to more equities gains LONDON, Nov 21 (Reuters) – Investors were buckling up on Tuesday as Argentina’s local markets prepared to reopen after the weekend’s presidential election win of radical libertarian outsider Javier Milei. Argentina’s … Read more
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Passersby wait at a crossing in front of an electronic board showing Japan’s Nikkei average outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing Rights Nov 21 (Reuters) – A look at the day ahead in Asian markets from Alden Bentley, U.S. Breaking News Editor for Finance and Markets. A … Read more