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Senators urge Biden to grant ByteDance 90-day reprieve from law requiring sale

By David Shepardson WASHINGTON (Reuters) -Democratic Senator Ed Markey and Republican Senator Rand Paul on Thursday urged President Joe Biden to extend by 90 days a Jan. 19...

China leaves rates unchanged, weak yuan limits easing

SHANGHAI (Reuters) -China left its benchmark lending rates unchanged as expected at the monthly fixing on Friday. WHY IT'S IMPORTANT Persistent deflationary pressure and tepid...

China keeps loan prime rate unchanged in Dec with fiscal stimulus in focus

-- The People’s Bank of China left its benchmark loan prime rate unchanged on Friday, as expected, with Beijing now set to roll out more fiscal spending in the coming...

US prompts Nvidia probe into how chips ended up in China, The Information reports

(Reuters) -The U.S. Department of Commerce has recently asked Nvidia (NASDAQ:NVDA) to look into how the company's products ended up in China over the past year, The Information...

IMF board completes Ecuador review, allowing for release of $500 million

QUITO (Reuters) - The IMF on Thursday said its executive board completed the first review of an extended fund facility for Ecuador, allowing for an immediate disbursement of...

FedEx to spin off its freight trucking business

By Lisa Baertlein and Abhinav Parmar (Reuters) -FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures its operations to...

Brazil lower house approves watered-down fiscal package amendment

BRASILIA (Reuters) - Brazil's lower house of Congress on Thursday gave its final approval to a watered-down proposal to cut public spending, part of a broader package to rein in...

Democrats urge end to trade deal investor protections as USTR denies secret talks

By David Lawder WASHINGTON (Reuters) - A group of 37 Democratic lawmakers on Thursday urged the U.S. Trade Representative's office to press ahead with efforts to weaken investment...

Morning Bid: Seeking respite from Fed; PBOC set to hold the line

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. As the dust settles on a remarkable 24 hours of central bank activity, investors in Asia round off the...

Yen to rebound in 2025 as Fed easing cycle impacts wane, Capital Economics says

Capital Economics on Thursday shared insights on the performance of the Japanese yen against the US dollar, predicting a stronger year for the yen in 2025. The analysis comes after...

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