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Macroeconomics
Nov 25, 2024
New York fines Geico $9.8 million over data breach
(Reuters) -The New York Attorney General's office fined car insurance company Geico $9.75 million on Monday for hacks that obtained personal information on 116,000 drivers in the...
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Nov 25, 2024
Northvolt crisis may be make or break for Europe's EV battery ambitions
By Marie Mannes, Alessandro Parodi, Stine Jacobsen STOCKHOLM/GDANSK (Reuters) -Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to...
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Nov 25, 2024
US lawmakers say Hong Kong is becoming hub for financial crime
(Reuters) -Lawmakers in the U.S. House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong's banking sector, saying the city has become a...
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Nov 25, 2024
EU not close to deal with China on EV tariffs, officials say
BRUSSELS (Reuters) - European Union and Chinese officials are discussing alternatives to European tariffs on Chinese electric vehicles (EV), including minimum prices at which such...
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Nov 25, 2024
Thai banking system has large excess liquidity, central bank says
BANGKOK (Reuters) - Thailand's banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor said on Monday,...
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Nov 25, 2024
Five key charts for the new Treasury secretary to watch
(Reuters) - Donald Trump on Friday said he would nominate Scott Bessent to be the 79th U.S. Treasury secretary and frontman for the president-elect's aggressive economic policies,...
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Nov 25, 2024
Sri Lanka's central bank likely to resume rate cuts to foster growth: Reuters poll
By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka's central bank is expected to renew easing of interest rates on Wednesday, with a reduction of a quarter percentage point, as it...
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Nov 25, 2024
BoE's Lombardelli worries over above-forecast inflation, backs gradual rate cuts
By David Milliken and Andy Bruce LONDON (Reuters) -Bank of England Deputy Governor Clare Lombardelli said on Monday she was more worried about the risk that inflation comes in...
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Nov 25, 2024
India expects food inflation to slow in coming months, government report says
NEW DELHI (Reuters) -India expects food inflation to slow in the coming months, backed by a bumper summer crop harvest, and remains "cautiously optimistic" on its economic growth,...
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Nov 25, 2024
Scott Bessent, retail sector, UniCredit's purchase - what's moving markets
Wall Street is seen starting the new week on a positive note as investors digest the likely appointment of Scott Bessent as the new Treasury Secretary. The retail...
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