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Macroeconomics

Copper giant Peru foresees another production plateau in 2025

By Marco Aquino LIMA (Reuters) -Peruvian copper production is expected to remain flat in 2025 for the third straight year, according to the country's top mining association and...

Fed's Hammack says economic strength argued against rate cut

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said Friday she voted against the central bank’s rate cut earlier this week...

Investors hope for 'Santa Claus' rally as stocks lose steam

By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) -With December so far delivering Scrooge-like returns in an otherwise stellar year for U.S. stocks, investors hope the tail end...

Core PCE inflation eases, Capital Economics sees strong U.S. economy

-- Capital Economics, a leading economic research firm, on Friday reported that the real economy remains robust as inflation pressures appear to be subsiding. The...

Capital Economics says consumption momentum stalls with flat retail sales

-- On Friday, Capital Economics released a report indicating that the momentum in consumer spending is showing signs of weakening. Retail sales volumes were flat in...

Russian central bank keeps rates on hold after Putin's call for 'balance'

By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -The Russian central bank kept its key interest rate on hold at 21% on Friday, surprising the market, which had expected a...

Canadian wholesale trade dips, retail sales hold steady in November

-- Canadian wholesale trade experienced a likely drop of 0.7% in November compared to October, according to a preliminary estimate released by Statistics Canada on...

Slovak PM Fico warns of gas crisis without Ukraine transit route

(Reuters) - Slovakia's Prime Minister Robert Fico warned of a gas crisis on Friday as Ukraine continued to reject extending the transit of natural gas through its territory after...

Russia's Nabiullina on rate decision, rouble and monetary policy

MOSCOW (Reuters) - Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank unexpectedly held...

Italy fines OpenAI over ChatGPT privacy rules breach

By Elvira Pollina and Alvise Armellini MILAN (Reuters) -Italy's data protection agency said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing...

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