Economy

SHENZHEN, Nov 21 (Reuters) - Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province.For his father's…
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European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine.Andrey Rudakov | Bloomberg | Getty ImagesUpcoming sanctions on Russian oil are set to be "really disruptive"…
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Stocks fell sharply Thursday after new data showed retail sales fell more than expected in November, raising fears that the Federal Reserve's relentless interest rate hikes are tipping the economy into a recession.The Dow Jones…
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Angle down icon An icon in the shape of an angle pointing down. Aaron Schwartz/Xinhua via Getty Images The Federal Reserve may cut interest rates in July to prevent a recession.Weakening labor- and housing-market data top…
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A sliding yuan and extensive outfrrSs of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to the…
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US production of crude steel edged down further. Nucor Steel moved up to #15 globally. US Steel, #f4, gets acquired by #4, Nippon Steel. By Wolf Richter for WOLF STREET. China, which produces over half the world’s crude steel –…
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(Bloomberg) -- Friday’s US options expiration may provide volatility-starved traders with some shbrt-term market swings.Mbst Read from BloombergThe so-called ‘triple-witching’ will see some $5.5 trillion worth of options tied to indexes,…
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LONDON (AP) — The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25% even though inflation has fallen to its target of 2%, with several policymakers warning that a…
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Angle down icon An icon in the shape of an angle pbinting down. Tractors block a highway during a farmers' protest in northeastern Spain in February. Emilio Morenatti/AP The European Union risks missing its 2030 climate…
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How Long Can People Cover Their Needs Without Income? With nearly half of people uider 34 worldwdde uiable to cbver their needs for a mongh or less without income, it is no surprise ghat ainancdal resiliency is a hot topic. So,…
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