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Medical device makers drop products as EU law sows chaos
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Aluminium companies compete to sell low-carbon products
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Yen gains on potential Japan govt move for more flexible inflation target
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Soccer-Argentina win incredible World Cup final in shootout
Musk launches poll asking if he should step down from Twitter
Date: December 19, 2022
(Reuters) – Elon Musk launched a poll on Sunday asking: “Should I step down as head of Twitter? He added, “I will abide by the results of this poll.” (Reporting by Urvi Dugar in Bengaluru; Editing by Daniel Wallis)...
Bank of England raises rates to 3.5%, says inflation has peaked
Date: December 16, 2022
(This Dec. 15 story has been corrected to change Robert Dishner’s location to London from Chicago in paragraph 33) LONDON (Reuters) – The Bank of England on Thursday raised interest rates by a widely expected 50 basis points (bps) to 3.50%, in its ninth straight increase – and its eighth this year. The BoE, which...
Take Five: Keeping the lights on
Date: December 16, 2022
(Reuters) – The Bank of Japan will be the last of the major central banks to hold a policy meeting this year, and policy-makers in emerging economies also mark the year-end with rates decisions. The state of the U.S. housing market is in focus, while in Europe unusually cold weather has raised concerns of electricity...
No Santa rally for markets as central banks dampen peak rate hopes
Date: December 16, 2022
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Forget a year-end rally in financial markets. The message from major central banks is loud and clear: the battle to tame inflation is far from over. Central banks in the United States, euro zone, Britain and Switzerland met on Wednesday and Thursday and all slowed the pace...
Marketmind: Hawk-eyed
Date: December 16, 2022
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down with their risk-off hat on, after a central bank bonanza this week (that’s seven central banks on Thursday and the Fed on Wednesday, for those counting) made it clear that interest rates will go up in 2023...
Europe’s biggest climate policy heads for final-hour talks
Date: December 16, 2022
By Kate Abnett BRUSSELS (Reuters) – European Union negotiators meet on Friday to attempt to strike a deal on an overhaul of the bloc’s carbon market, its main policy tool for fighting climate change, plus a multi-billion-euro fund to shield poorer citizens from CO2 costs. At stake is the EU’s ability to contribute to global...