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Macroeconomics
Dec 30, 2024
Turkey hikes fuel tax by 6%, aims to control inflation
ANKARA (Reuters) - Turkey imposed a 6% tax hike on fuel on Tuesday, after its finance minister said over the weekend that tax moves on fuel and tobacco would not affect the...
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Dec 30, 2024
Dollar stands tall in 2024, propped up by cautious Fed, Trump trade
By Ankur Banerjee SINGAPORE (Reuters) - The dollar was firm on the last trading day of the year, poised to clock strong gains in 2024 against most currencies as investors prepared...
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Dec 30, 2024
Wall Street to close on Jan 9 to honor President Jimmy Carter
By Stephen Culp NEW YORK (Reuters) - U.S. stock exchanges will close on Thursday, January 9 in observation of a national day of mourning in honor of former U.S. President Jimmy...
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Dec 30, 2024
Wall St hits 1-week low in thin trading, elevated yields add pressure
By Johann M Cherian and Pranav Kashyap (Reuters) - Wall Street's main stock indexes opened sharply lower on Monday and hit their lowest in over a week, as sparse trading volumes...
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Dec 30, 2024
US pending home sales hit 21-month high in November
(Reuters) - Contracts to buy U.S. previously owned homes rose more than expected in November, notching a fourth straight month of gains as buyers focused on taking advantage of...
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Dec 30, 2024
FDA approves injectable version of Bristol Myers Squibb's cancer drug Opdivo
By Sneha S K and Sriparna Roy (Reuters) -The U.S. Food and Drug Administration said on Friday that it has approved an injectable version of Bristol Myers (NYSE:BMY) Squibb's...
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Dec 30, 2024
US disburses $3.4 billion in budget aid for Ukraine, Yellen says
By Andrea Shalal WASHINGTON (Reuters) - The United States has sent $3.4 billion in additional budget aid to Ukraine, giving the war-torn country critical resources amid...
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Dec 30, 2024
Factbox-Most brokerages expect Fed to hold rates steady in January meeting
(Reuters) -Major brokerages, including BofA and Goldman Sachs, expect the U.S. Federal Reserve to hold interest rates steady in the upcoming January meeting, after the central...
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Dec 30, 2024
Pakistan's economy grows 0.92% in Q1 of ongoing fiscal year
KARACHI (Reuters) - Pakistan's economy grew by 0.92% in the first quarter of the fiscal year 2024-25, despite a contraction in the industrial sector, according to data approved by...
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Dec 30, 2024
European stocks slip as bond yields stay high
By Sruthi Shankar (Reuters) -European stocks edged lower on Monday as elevated government bond yields prompted investors to pull out of equities at the end of a year that has been...
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