U.S. new Vehicle Sales to Fall in December as High Prices Deter Buyers Report

Dec 21 Reuters U.S. total new vehicle retail sales are expected to decline in December as high vehicle prices and rising borrowing costs pushed consumers to cut back spending, a report from industry consultants J.D. PowerLMC Automotive showed on Wednesday. Elevated pricing, coupled with repeated interest rate increases, continue to inflate monthly loan payments, said […]
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Oil Prices Rise on U.S. Drawdown, Chinese Fears Weigh

LONDON, Dec 21 Reuters Oil prices rose on Wednesday after data suggested a larger than expected draw in U.S. crude stockpiles, but gains were capped by growing concerns over demand in China and a snow storm that is expected to hit U.S. travel. Brent crude futures were up 93 cents, or 1.15, at 80.92 a […]
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Rouble Slumps to Weakest vs Dollar since May

Russian currency hits low of 70.7550 vs dollar Oil embargo, price cap weighing on Russian assets Rouble down 13.6 vs dollar in December This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Dec 21 Reuters The rouble plunged to its weakest level since early May past […]
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Yen Holds on to Big Gains after BOJs Surprise Policy Tweak

SINGAPORELONDON, Dec 21 Reuters The yen traded flat on Wednesday after surging almost 4 in the previous session, when the Bank of Japan BOJ unexpectedly tweaked a key policy, allowing government bond yields more room to move. The BOJ decided to change its yield curve control policy on Tuesday even as it kept broad policy settings unchanged. […]
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Europe Shares Climb as Upbeat Nike Results Lift Adidas, Puma

STOXX 600 gains 0.8 Adidas, Puma top STOXX 600 after Nike results Philips gains on positive test results Dec 21 Reuters European shares rose on Wednesday as sportswear makers Adidas and Puma gained after upbeat results from Nike, while improving economic outlook for the euro zone also lifted sentiment. The regionwide STOXX 600 index was up […]
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