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Dollar gains as Friday’s U.S. jobs data looms
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Portugal’s central bank lifts 2022 GDP forecast, warns of 2023 slowdown
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Euro zone bond yields creep higher after ECB minutes
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Italy gas storage will be near full before winter, Eni CEO says
OPEC+ oil output cut ahead of winter fans inflation concerns
Date: October 6, 2022
By Florence Tan and Joyce Lee SINGAPORE (Reuters) -Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC+ group of nations announced its largest supply cut since 2020 ahead of European Union embargoes on Russian energy. The move has widened a diplomatic rift between the Saudi-backed bloc and Western nations,...
Bridging Loans Become Vital Resource for Property Flipping
Date: October 6, 2022
For thousands of UK investors, property flipping has become an exceptionally profitable business. According to a new property flipping survey, almost two-thirds of recent property flippers made profits of between £10,000 and £75,000, compared with just 1 per cent who made a loss. While half of investors financed their flips through savings and around a third...
German industrial orders slump more than expected in August
Date: October 6, 2022
BERLIN (Reuters) – German industrial orders dropped more than expected in August, dragged down by a fall in orders from the euro zone, where companies are battling with energy and inflation crises, data showed on Thursday. New orders in manufacturing fell by 2.4% month on month on a seasonally and calendar adjusted basis, the federal...
German tax authorities should show leniency to households, firms amid energy crisis – letter
Date: October 6, 2022
BERLIN (Reuters) – German tax authorities should show leniency towards private households and companies, for example by suspending enforcement measures in certain cases, in light of the energy crisis, said a Finance Ministry letter seen by Reuters on Thursday. Due to high energy costs, taxpayers may temporarily not be able to meet their obligations, said...
Lloyd’s of London investigates possible cyber attack
Date: October 6, 2022
LONDON (Reuters) -Lloyd’s of London is investigating a possible cyber attack, the commercial insurance market said on Wednesday, with companies on high alert for intrusions as a result of the conflict between Russia and Ukraine. “Lloyd’s has detected unusual activity on its network and we are investigating the issue,” a Lloyd’s spokesperson said by email,...
Stocks dip, yields climb as rate hikes seem to stay the course
Date: October 6, 2022
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks slipped Wednesday, ending the strongest two-day rally since 2020, while the dollar and Treasury yields rose on the back of signs the U.S. economy remained hot and Federal Reserve officials were resolute in rate hikes. Signs of softening in the labor market in earlier the week gave way...