Western Firms Chinese Red Lines are not their Own

MILAN, Dec 2 Reuters Breakingviews Beijings antiCovid rules have triggered the biggest domestic protests since the Tiananmen Square uprising of 1989. While the Chinese government looks set to ease some health measures, the episode has got Western corporate boards pondering what to do in case of an escalation. Yet companies red lines on China are […]
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U.S. Job Growth Strong in November; Wages Rise

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7; participation rate falls Average hourly earnings rise 0.6; up 5.1 yearonyear WASHINGTON, Dec 2 Reuters U.S. employers hired more workers than expected in November and increased wages despite mounting worries of a recession, but that will probably not stop the Federal Reserve from slowing […]
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U.S. Job Growth Likely Slowed again in November

Nonfarm payrolls forecast increasing 200,000 in November Unemployment rate seen unchanged at 3.7 Average hourly earnings forecast gaining 0.3; up 4.6 yy WASHINGTON, Dec 2 Reuters U.S. job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labor, which could give the Federal Reserve […]
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German Exports Fall as Demand Cools in Europe, U.S.

Exports down 0.6 mm, twice as much as forecast Imports post strongest mm fall since January BERLIN, Dec 2 Reuters German exports fell more than forecast in October, official data showed on Friday, as high inflation and supply chain snags hit demand in key trading partners, further raising the spectre of recession for Europe39;s largest […]
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World Food Prices Ease Further in November, says FAO

PARIS, Dec 2 Reuters The United Nations food agency39;s world price index fell marginally in November, marking an eighth straight monthly fall since a record high in March after Russia39;s invasion of Ukraine. The Food and Agriculture Organization39;s FAO price index, which tracks the most globally traded food commodities, averaged 135.7 points last month, down from […]
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UniCredit Completes Second Share Buyback of 1 Billion Euros

MILAN, Dec 1 Reuters Italy39;s secondbiggest bank UniCredit said on Thursday it had repurchased 1 billion euros39; 1 billion worth of its own shares, meeting its payout goals for the year. UniCredit gained supervisory approval for the second buyback in September, when the European Central Bank judged its capital buffers sufficiently robust to withstand a reduction as […]
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