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U.S. bond funds saw biggest weekly inflow in 18 months in early Jan
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Explainer-Why Malaysia is considering a ban on palm oil exports to the European Union
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Growing tensions between Asian palm oil producers and the European Union
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Taylor Wimpey looks at job cuts to rein in costs, lowers homebuilding target
EDPR brings Iberia’s first wind-solar power plant on-stream
Date: January 13, 2023
By Sergio Goncalves and Miguel Pereira LISBON (Reuters) – EDP Renovaveis, the world’s fourth-largest renewable power producer, has brought on-stream the first hybrid wind-solar farm in Iberia, adding 36.5 gigawatts (GW) of annual capacity just as Europe is facing an energy crisis. The Mina de Orgueirel plant, about 300 km (186 miles) northeast of Portugal’s...
Italian watchdog fines online retailer YNAP more than $5 million
Date: January 13, 2023
ROME (Reuters) – Italy’s antitrust agency has fined online fashion retailer YOOX Net-A-Porter (YNAP) 5.25 million euros ($5.69 million) over misleading pricing and its returns policy, the regulator said on Friday. The retailer advertised reductions on products on which the final sale price was “substantially the same” as the pre-discount price and blocked orders from...
Swedish inflation runs red hot in December, raising pressure on Riksbank
Date: January 13, 2023
By Johan Ahlander STOCKHOLM (Reuters) – Swedish consumer prices rose more than expected in December, hitting double digits and a fresh 30-year high in an outcome that raises pressure on the central bank to keep cranking up interest rates after four hikes last year. Consumer prices, measured with a fixed interest rate, rose 1.9 percent...
China’s trade tumbles sharply in Dec, clouds 2023 growth outlook
Date: January 13, 2023
By Ellen Zhang and Joe Cash BEIJING (Reuters) – China’s exports shrank sharply in December as global demand cooled, highlighting risks to the country’s economic recovery this year, but a more modest decline in imports reinforced views that domestic demand will slowly recover in coming months. While imports are expected to ride a wave of...
Yen soars as markets test BOJ, stocks cheered by inflation retreat
Date: January 13, 2023
By Dhara Ranasinghe LONDON (Reuters) – World stocks scaled one-month peaks on Friday thanks to signs inflation is easing, while the yen jumped to seven-month peaks and Japanese bond yields breached a central bank target as investors challenged its commitment to loose monetary policy. European shares opened higher and the broad STOXX 600 index touched...
France fines TikTok $5.4 million for online tracking shortcomings
Date: January 13, 2023
PARIS (Reuters) -France on Thursday fined TikTok 5 million euros ($5.4 million) for shortcomings linked to the short video platform’s handling of online tracking known as “cookies”, which the ByteDance-owned company said it had now addressed. French data protection watchdog CNIL said that its investigation only concerned the website tiktok.com and not the service’s much...