Reuters - Squid Business

Nigeria to pay $4 billion extra in 2023 if lawmakers reject loan-bond swap – president

By Felix Onuah ABUJA (Reuters) -Nigeria will pay 1.8 trillion naira ($4 billion) extra interest in 2023 if parliament rejects a loan-to-bond swap request on the central bank’s overdrafts to the government, President Muhammadu Buhari said on Tuesday after signing the 2023 budget into law. The Senate last week delayed a decision on the president’s …

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Rupee’s threat to slip below 83/USD likely nipped by cenbank

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined against the U.S. currency on Tuesday, fuelled by the dollar’s surge versus its major peers and importer hedging, though the Reserve bank of India’s likely intervention kept the drop short of the 83-per-dollar mark. The rupee closed at 82.8800 per U.S. dollar, down from 82.7375 …

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Indian shares extend gains, powered by financials’ surge

BENGALURU (Reuters) – Indian shares extended gains for the second session on Tuesday, helped by an uptick in financials on strong quarterly updates. The Nifty 50 index closed 0.19% higher at 18,232.55, while the S&P BSE Sensex rose 0.21% to 61,294.20. The Nifty 50 has seen support at the 100-day moving average (DMA) level and …

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Spain’s December jobless falls to 15-year low

(Reuters) -The number of people registering as jobless in Spain fell slightly in December from a month earlier, ending 2022 at a 15-year low, data from the Labour Ministry showed on Tuesday. The number of jobless fell by 1.52%, or by 43,727 people, leaving 2.84 million people out of work. It is the lowest rate …

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Bond yields dip on value purchase at start of the New Year

By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields ended lower on Tuesday as investors sought out value purchases at the start of a new quarter as well as the calendar year. The benchmark 10-year yield ended at 7.3211%, after ending at 7.3398% on Monday — its highest since Nov. 10. “Rates (yields) are …

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Cricket-India’s Bumrah included in ODI squad to face Sri Lanka

(Reuters) – India’s pace spearhead Jasprit Bumrah has recovered from a back injury and has been included in the one-day international (ODI squad to play Sri Lanka in a three-match series this month, the country’s cricket board (BCCI) said on Tuesday. Bumrah has been out of action since September due to a back injury that …

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China’s holiday home sales rise 27.1% y/y – private survey

BEIJING (Reuters) – Chinese new-home sales rose more than 20% year-on-year over the three-day New Year holiday starting from Dec. 31, due to promotions, support policies taking effect and the gradual release of pent-up demand after high COVID-19 cases. Among 22 cities selected by the China Index Academy, the average daily floor area of homes …

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Indonesia’s 2022 unaudited budget deficit at 2.38% of GDP -Finance Minister

By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia recorded a 464.3 trillion rupiah ($29.77 billion)fiscal deficit in 2022, or 2.38% of gross domestic product, based on unaudited data, Finance Minister Sri Mulyani Indrawati said on Tuesday, much smaller than originally forecast. The government had initially planned for a budget deficit of 4.85% of …

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South Korea fines Tesla $2.2 million for exaggerating driving range of EVs

SEOUL (Reuters) – South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of …

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European shares rise with focus on German inflation data

By Bansari Mayur Kamdar (Reuters) -European shares rose on Tuesday as investors awaited consumer prices data from the region’s largest economy, Germany, while a jump in energy stocks lifted UK’s FTSE 100 in its first trading day of the year. The pan-regional STOXX 600 rose 1.6% in early trading, to its highest level in more …

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