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US dollar rises to two-week peak on doubts about number of rate cuts in 2024

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose to a two-week high on Wednesday as investors continued to take profits on short dollar positioning amassed toward the end of last year, even as they questioned market expectations of roughly six interest rate cuts in 2024. For December, the dollar fell about 2%. Trading …

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Oil prices settle up 3% on supply concerns after oilfield shutdown in Libya

By Scott DiSavino NEW YORK (Reuters) – Oil prices climbed on Wednesday, settling up about 3% after a disruption at Libya’s top oilfield added to fears that mounting tensions in the Middle East could disrupt global oil supplies. Brent <LCOc1> futures rose $2.36, or 3.1%, to settle at $78.25 a barrel. U.S. West Texas Intermediate …

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US job openings, quits near three-year low as labor market eases

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell to nearly a three-year low in November as the labor market gradually cools, which could pave the way for the Federal Reserve to start cutting interest rates this year. Americans are also feeling the shift in the labor market, with the report from the Labor …

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How to save for an emergency, with help from your employer

By Chris Taylor NEW YORK (Reuters) – Loretta Day was facing a financial emergency. The Delta Air Lines flight attendant’s daughter was moving apartments and needed quick cash for a deposit – but did not have enough in savings. In the old days, the Atlanta resident might have put it all on credit cards at …

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Gold slips after US Fed minutes signal uncertain start to rate cuts

By Sherin Elizabeth Varghese and Deep Kaushik Vakil (Reuters) – Gold retreated on Wednesday, on course for its largest percentage decline in over three weeks, after minutes from the U.S. Federal Reserve’s latest policy meeting flagged uncertainty about the timing of potential interest-rate cuts. Spot gold fell 1%, to a nearly two-week low of $2,037.61 …

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Three injured in stabbing incident on Tokyo train, woman in custody

TOKYO (Reuters) -Three men were injured on Wednesday in a stabbing incident and taken to hospital after a woman wielded a knife on a train at Akihabara Station in Tokyo, Japanese police said. The police received an emergency call at just before 11 p.m. local time (1400 GMT) saying the woman had inflicted injuries with …

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Explainer-Adani vs Hindenburg Research: What you need to know

NEW DELHI (Reuters) – India’s Adani Group won relief from Supreme Court on Wednesday when judges ruled that the company, hit hard by a U.S. short-seller’s allegations last year of improper business dealings, does not need to face additional investigation. The Securities and Exchange Board of India (SEBI) has been investigating the group after Hindenburg …

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French embassy in Niger closed until further notice – foreign ministry

PARIS (Reuters) – Paris on Tuesday said its embassy in Niger was now closed, confirming previously announced plans, after relations between the two countries deteriorated following a military coup in the African country. “For five months, our embassy has been severely hampered, making it impossible to carry out its missions”, a spokeswoman for the French …

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Japan quake survivors face freezing rain, threat of landslides

By Kiyoshi Takenaka and Sakura Murakami WAJIMA, Japan (Reuters) -Rescuers raced against the clock on Wednesday searching for survivors of an earthquake in western Japan that killed at least 65, while evacuees continued to wait for further aid amid freezing temperatures and heavy rain. The quake with a preliminary magnitude of 7.6 struck the Noto …

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Miners, personal goods stocks drag FTSE 100 to two-week low

By Shubham Batra and Khushi Singh (Reuters) -On its 40th anniversary, the UK’s FTSE 100 on Wednesday hit its lowest in two weeks, weakened by a rise in bond yields and a sell-off in mining and personal goods stocks, while investors awaited minutes from the U.S. Federal Reserve’s December meeting. The blue-chip FTSE 100 index …

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