By Marc Jones LONDON (Reuters) – Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires – 2022 has[...]
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Economy
China central bank promises more policy support for economy
BEIJING (Reuters) – China’s central bank said on Friday it will step up implementation of its “prudent” monetary policy to support the economy hurt by the COVID-19 pandemic, ke[...]
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Indonesia issues emergency regulation to replace jobs law
By Ananda Teresia and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s President Joko Widodo signed an emergency regulation on Friday to replace a controversial job creation law that a court had ru[...]
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Putin says Russia now one of China’s leading oil and gas suppliers
MOSCOW (Reuters) – Russian President Vladimir Putin said on Friday that Russia had become one of China’s leading suppliers of oil and gas, with 13.8 billion cubic metres of gas shipped to[...]
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High inflation here to stay for coming months, says German industry
BERLIN (Reuters) – Germany’s inflation rate is unlikely to decline rapidly at present and the European Central Bank’s target of 2% will only become feasible by the middle of the deca[...]
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Turkey cenbank targets 60% lira deposits in banks by mid-2023
By Nevzat Devranoglu and Ezgi Erkoyun ANKARA (Reuters) -Turkey’s central bank said on Friday it aims to lift the share of lira deposits to 60% of all deposits in the banking system over the next[...]
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Russian rouble surges as volatile year draws to a close
MOSCOW (Reuters) – The rouble strengthened sharply on Friday, nearing the 70 mark against the dollar as a highly volatile year drew to a close, with the final month of trading dominated by fears[...]
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China funds with energy bets stand out in a bleak year
SHANGHAI (Reuters) – Chinese fund managers who made big bets on energy companies are celebrating a year that was brutal for many of their peers. Huang Hai, who manages three funds for Wanjia Ass[...]
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China’s yuan looks set for biggest annual loss since 1994, down 8.6%
SHANGHAI (Reuters) – China’s yuan finished the domestic session at a two-week high against the dollar on Friday, but still looked set for the worst annual performance in 28 years. The onsh[...]
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