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Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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UK NICE advises against NHS use of 5 COVID treatments as not cost-effective

UK NICE advises against NHS use of 5 COVID treatments as not cost-effective

LONDON, Nov 16 (Reuters) – Britain’s agency, which determines whether drugs should be used in the National Health Service (NHS), has recommended stopping the use of five COVID-19 treatments, including Merck’s antiviral & Co (MRK.N) pill for high-risk patients, citing cost-effectiveness concerns. The review, conducted by the National Institute for Health and Care Excellence (NICE) …

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Global debt levels rose 'significantly' in 2021, says World Bank president

Global debt levels rose ‘significantly’ in 2021, says World Bank president

WASHINGTON, Nov 12 (Reuters) – Debt levels for low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending from official bilateral creditors, World Bank President David Malpass said. emphasizing the need to reduce the debt. of the poorest countries. The World Bank’s annual report on global debt statistics, due out …

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EU eases bank capital rules as ECB warns of 'breaking' stability

EU eases bank capital rules as ECB warns of ‘breaking’ stability

LONDON, Nov 8 (Reuters) – European Union member states have backed a temporary easing and two-year postponement until 2025 for the final stage of the global Basel III rules on bank capital, despite the warning from the ECB, they risked “breaking the dike” that protects stability. EU states will now negotiate a final deal with …

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Morning deal: Fed peak rate talks meet Chinese restrictions and grain pressure

Morning deal: Fed peak rate talks meet Chinese restrictions and grain pressure

A preview of the day ahead in US and global markets by Mike Dolan. A potentially pivotal week for U.S. monetary policy was overshadowed by renewed “terminal rate” speculation, with worrying global growth signals coming out of China and global inflation fears fueled by rising grain prices. Despite some shocking earnings for US mega-cap stocks, …

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Swiss National Bank loses nearly $143 billion in first nine months

Swiss National Bank loses nearly $143 billion in first nine months

Central bank hit by falling bond and stock prices A stronger Swiss franc also leads to losses SNB not at risk of bankruptcy, says analyst Bank can operate with negative equity, says SNB ZURICH, Oct 31 (Reuters) – The Swiss National Bank (SNBN.S) lost 142.2 billion Swiss francs ($142.60 billion) in the first nine months …

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Wall Street momentum boosts global and European equities;  oil drops

Wall Street momentum boosts global and European equities; oil drops

WASHINGTON/LONDON, Oct 28 (Reuters) – Global and European stocks rose on Friday as Wall Street extended gains on hopes of a slowdown in rate hikes from some central banks. Commodity prices were hit by a stronger US dollar. Oil prices fell after major crude importer China expanded its COVID-19 restrictions. MSCI’s main global index, which …

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In Britain's inflation crisis, healthy diets are a casualty

In Britain’s inflation crisis, healthy diets are a casualty

LONDON, Oct 28 (Reuters) – Fresh vegetables and fish are disappearing from the menu. Packaged pizzas and charcuterie are the daily specials. Many UK households are turning away from healthier foods as runaway inflation pushes them towards cheaper processed meals, according to consumer data and experts who worry about the nation’s nutritional downfall. Joanne Farrer …

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