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Economy
Fed expected to back first pandemic-era interest rate rise in March
The Federal Reserve is set to confirm its plans to raise interest rates in March for the first time since the onset of the pandemic, as the US central bank charts a more aggressive course towards monetary tightening in the face of…
3 reasons why inflation is here to stay
As 2022 quickly progresses towards the end of a turbulent first month for markets, it appears that the transitory vs. persistent inflation debate, which was a hot topic for financial markets in the late summer and early fall of 2021, is…
The End of the Pandemic Market Boom Is Nigh
Now with a little less shine.
Photo: Cedric Ribeiro/Getty Images for Netflix…
Rio Tinto shares slump as Serbia pulls plug on its $2.4 bln lithium project
Serbia revokes Rio's lithium exploration licencesShare prices drop as cancellation seen as major setbackCancellation will mean greater shortage of lithium - analystMELBOURNE, Jan 21 (Reuters) - Shares in Rio Tinto tumbled on Friday after…
Russia’s central bank proposes ban on crypto trading and mining
Russia’s central bank has proposed outlawing all cryptocurrency operations in the country, one of the world’s biggest centres for mining digital tokens.Under the draft proposals, Russia would ban all cryptocurrency issuance and…
If the Fed wanted to stop inflation, it would need to hike rates to nearly 6%:
Interactive Brokers founder Thomas Peterffy says he is worried about the higher interest rates coming soon from a Federal Reserve behind the curve on inflation. "I am worried about high interest rates because the Fed is talking about…
Dwindling OPEC+ Spare Capacity Sets Oil Up for Sizzling Summer
(Bloomberg) -- As they strain to restore oil production, OPEC and its allies are being left with a diminishing buffer of spare supplies -- potentially setting up crude prices for a sizzling summer.Most Read from BloombergWith depressed…
Live news: UK labour shortage worsens but average earnings start to slide
The UK’s labour shortage worsened at the end of 2021, with vacancies climbing to a record, but average earnings began to fall as inflation outstripped growth in pay.Official data published on Tuesday showed unemployment fell to 4.1 per…
China’s Xi warns of spillovers if major economies ‘slam on the brakes’ –
“Should Unilever eventually succeed with an offer, an acquisition of this business would be consistent with its stated strategy - increasing exposure to high growth, higher margin health, beauty and hygiene products. GSK’s consumer…
Talks resume amid King Soopers strike after two days of unproductive
DENVER – King Soopers and United Food and Commercial Workers Local 7 officials met at the bargaining table for the past two days as union workers continue to strike, but the talks have so far been unproductive, according to both sides of…