MTGFX

All trapped workers rescued from Himalayan tunnel, say officials

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All trapped workers rescued from Himalayan tunnel, say officials

SILKYARA, India, Nov 28 (Reuters) – Indian rescuers on Tuesday pulled out all 41 construction workers trapped inside a collapsed tunnel in the Himalayas for 17 days, hours after drilling through the debris of rock, concrete and earth to reach them, officials said. The evacuation of the men – low-wage workers from some of India’s … Read more

UK budget winners and losers: the pound, bonds and brewers

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UK budget winners and losers: the pound, bonds and brewers

LONDON, Nov 22 (Reuters) – Britain’s finance minister on Wednesday announced a raft of measures aimed at reviving the sluggish economy without upsetting markets, but a degree of caution over the outlook for borrowing and inflation rattled bonds and sterling. Nerves about cuts to social security payments were minor. Traders had feared a broader set … Read more

Fed shifts into cautious policy mode as risks become more two-sided

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Fed shifts into cautious policy mode as risks become more two-sided

WASHINGTON, Nov 21 (Reuters) – U.S. Federal Reserve officials agreed at their last policy meeting that they would proceed “carefully” and only raise interest rates if progress in controlling inflation faltered, the minutes of the Oct. 31-Nov. 1 gathering showed on Tuesday. “All participants agreed that the Committee was in a position to proceed carefully,” … Read more

Wall St ends down after recent gains; retailers, tech weak

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Wall St ends down after recent gains; retailers, tech weak

Best Buy down on weak outlook Kohl’s slips on quarterly sales miss NEW YORK, Nov 21 (Reuters) – U.S. stocks retreated on Tuesday and the S&P 500 snapped a five-session winning streak, with retailers down after some disappointing outlooks and technology shares falling. Indexes stayed lower after minutes from the latest Federal Reserve meeting showed … Read more

Morning Bid: Rallying Nikkei on the cusp of a breakout

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Morning Bid: Rallying Nikkei on the cusp of a breakout

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

Myanmar junta says facing ‘heavy assault’ from insurgents in three states

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Myanmar junta says facing ‘heavy assault’ from insurgents in three states

A view of a relief camp where people who fled Myanmar stay, at the border village of Zokhawthar, Champhai district, in India’s northeastern state of Mizoram, India, November 15, 2023. REUTERS/Chanchinmawia Acquire Licensing Rights Nov 16 (Reuters) – Myanmar’s junta has reported “heavy assaults” by insurgents and told government staff to get ready for emergencies, … Read more

IPO laggards’ race to the bottom misses the target

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IPO laggards’ race to the bottom misses the target

A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco Acquire Licensing Rights MILAN, Nov 10 (Reuters Breakingviews) – Italy is scrambling to make its … Read more

New Delhi plans to make rain to tackle ‘hazardous’ smog

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New Delhi plans to make rain to tackle ‘hazardous’ smog

NEW DELHI, Nov 8 (Reuters) – New Delhi plans for the first time to make rain to try improve air quality in the city, which is the world’s most polluted capital and has been gripped by smog for a week. The city has already shut all schools, stopped construction activities, and said it will impose … Read more

For global banks, India could soon be worth it

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For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

US labor market loosens as job gains slow, unemployment rate hits 3.9%

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US labor market loosens as job gains slow, unemployment rate hits 3.9%

Nonfarm payrolls increase 150,000 in October Auto strikes reduce payrolls by 33,000 jobs Unemployment rate rises to 3.9% from 3.8% Average hourly earnings gain 0.2%; up 4.1% year-on-year WASHINGTON, Nov 3 (Reuters) – U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three” car … Read more