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German economy ministry calls for joint EU response to US inflation act

BERLIN, Dec 9 (Reuters) – Germany wants a joint European response to the US Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy ministry document seen by Reuters on Friday. The European Union could set up a program to promote green technology by combining …

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Exclusive: Canada’s biggest pension plan, CPPI, ends crypto investment pursuit

TORONTO, Dec 7 (Reuters) – Canada’s biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters. The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no direct …

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Wall St falls after strong service-sector data feeds hawkish Fed fears

US service sector activity picks up in November Tesla slides on reports of production cut in China Indexes down: Dow 0.70%, S&P 0.98%, Nasdaq 1.12% Dec 5 (Reuters) – Wall Street’s main indexes fell on Monday after better-than expected service-sector activity added to jitters that the US Federal Reserve might continue on its aggressive policy …

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Asia shares bank on eventual China opening; oil earnings

https://tmsnrt.rs/2zpUAr4 China shares push higher, dollar slips More Chinese cities ease coronavirus controls Cap on Russia oil comes into effect, impact uncertain SYDNEY, Dec 5 (Reuters) – Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, …

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Bank of England’s Dhingra warns of deeper and longer recession with higher rates

LONDON, Dec 3 (Reuters) – Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs that demands for higher wages risked a wage- price spiral. While most of her colleagues backed a 75 basis-point hike …

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NY Fed paper ties reverse repo surge to bank regulation change

Dec 2 (Reuters) – Persistently massive inflows of cash into a key Federal Reserve facility are in large part being driven by a bank liquidity regulation change from last year, a report from the New York Fed said Friday. The Fed’s facility offers what are called reverse repos, which allow eligible firms to park cash …

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Asia shares, oil prices rally as China speculation swirls

https://tmsnrt.rs/2zpUAr4 China property shares rally on policy support Euro eyeing 5-mth high, dollar near 3-mth low on yen Oil prices rebound on China hopes, talk of output cuts SYDNEY, Nov 29 (Reuters) – Asian shares rallied on Tuesday as Beijing’s latest move to support developers boosted the property sector and rumors swirled that recent public …

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