TOPNWS:

Global pensions with $3 trillion on books fear stagflation -survey

LONDON, Dec 6 (Reuters) – Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a combination of economic slowdown and higher inflation in the next 12-24 months, a survey showed on Tuesday. The investors face huge challenges in switching their portfolios to cope, according to think tank OMFIF, …

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Analysis: Investors look to emerging markets as planets align for end of dollar bull market

NEW YORK, Dec 6 (Reuters) – As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index (.MIEM00000CUS) is up nearly 5% from its lows and notched its best monthly gain in about …

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China set to ease COVID curbs further as markets cheer change of tack

New nationwide COVID rules due as soon as Wednesday – sources Shift follows widespread demonstrations last month Yuan firms, global markets rally on China hopes HONG KONG/BEIJING, Dec 5 (Reuters) – China is set to announce a further easing of some of the world’s toughest COVID curbs as early as Wednesday, sources said, as investors …

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Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of the electric vehicle (EV) giant’s production plan said. said on Monday. Tesla did not immediately respond to a request for comment on …

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Saudi Exchange launches market-making framework to boost liquidity

DUBAI, Dec 4 (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. “Market Makers have to ensure the availability of …

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Brazil soccer legend Pele says he remains ‘strong’ amid cancer battle

SAO PAULO, Dec 3 (Reuters) – Brazilian soccer great Pele said on Saturday he was “strong” and grateful for the widespread support he has been receiving after being hospitalized in Sao Paulo earlier this week as he battles colon cancer. The 82-year-old said in an Instagram post that he wanted to keep “everyone calm and …

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‘No sacred cows’ as pipeline company TC Energy prepares for C$5 bln asset sales

WINNIPEG, Manitoba, Dec 2 (Reuters) – As TC Energy Corp (TRP.TO) prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline operator has plenty of options without touching its core gas business. Chief Executive Francois Poirier cleared up any ambiguities this week when asked how much …

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Coinbase says Apple blocked its last app release on NFTs in wallet

Dec 1 (Reuters) – Coinbase Global Inc (COIN.O) said on Thursday customers using Apple Inc’s (AAPL.O) iOS will not be able to send non-fungible tokens (NFTs) on the cryptocurrency exchange’s wallet anymore. “Apple’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they …

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US consumer spending powers ahead in October; inflation cooling:

Consumer spending increased by 0.8% in October Personal income rises 0.7%; saving rate falls to 2.3% Core PCE price index gains 0.2%; up 5.0% year-on-year Weekly jobless claims fall from 16,000 to 225,000 WASHINGTON, Dec 1 (Reuters) – US consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at …

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GLOBAL ECONOMY Global factory activity shrank in November but price pressures ease

European PMI data suggests downturn may not be as bad China’s private survey shows continued PMI contraction Factory activity shrinks in Japan, South Korea Surveys highlight darkening outlook for Asia next year LONDON/TOKYO, Dec 1 (Reuters) – Factory output fell widely last month as slowing global demand and the impact of China’s COVID-19 lockdowns weighed, …

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