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Sweden’s Riksbank says policy must remain tight, can’t rule out hike – minutes
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Oil down as uncertainty over OPEC+ supply cuts, demand growth weigh
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AI defined 2023. Bullets and ballots will shape 2024
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Analysis-EU’s electric dreams short-circuited by EV charging gridlock
Britain’s Sunak tries to reclaim climate narrative with $2 billion pledge
Date: December 1, 2023
Britain’s Sunak tries to reclaim climate narrative with $2 billion pledge DUBAI (Reuters) – Prime Minister Rishi Sunak will pledge 1.6 billion pounds ($2 billion) in funding at the U.N. climate summit on Friday, an attempt to bolster his green credentials after watering down Britain’s measures to reach net zero targets. Sunak, in Dubai for...
Market pushback on central banks’ rates view just got louder
Date: December 1, 2023
Market pushback on central banks’ rates view just got louder By Yoruk Bahceli and Davide Barbuscia LONDON (Reuters) -A big disconnect between financial markets and central banks has just got deeper, with traders ramping up their bets on interest rate cuts in the United States and Europe as evidence grows that inflationary pressures are fast...
Markets pin hopes on soft landing, with one eye on recession risk
Date: December 1, 2023
Markets pin hopes on soft landing, with one eye on recession risk By Yoruk Bahceli, Dhara Ranasinghe and Naomi Rovnick (Reuters) – A stellar rally in equities and bonds suggests market confidence is high for the world economy to reach a soft landing after a run of aggressive interest rate hikes. Yet labour markets are...
Analysis-Job cuts, lean bonuses loom over Europe’s bankers in 2024
Date: December 1, 2023
Analysis-Job cuts, lean bonuses loom over Europe’s bankers in 2024 By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) – A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers renowned for seemingly conjuring deals...
Marketmind: Markets wary Powell may undermine rate-cut bets
Date: December 1, 2023
Marketmind: Markets wary Powell may undermine rate-cut bets A look at the day ahead in European and global markets from Ankur Banerjee With a blockbuster November in the rear view mirror, investors are gearing up for a bright start to December in Europe, full of expectations that central banks will soon start cutting rates, although...
After Musk tirade, X faces prospect of more advertisers fleeing
Date: December 1, 2023
After Musk tirade, X faces prospect of more advertisers fleeing By Sheila Dang, Chavi Mehta and Jaspreet Singh (Reuters) -Social media company X faces the prospect of more advertisers fleeing and has no clear fix in sight, ad industry experts said, after billionaire owner Elon Musk lashed out at some of the biggest brands for...