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By David Lawder WASHINGTON (Reuters) – The International Monetary Fund stands ready to assist Syria’s reconstruction alongside the international community, but the situation on the ground remains fluid, IMF spokesperson…

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Explainer-What is a government shutdown and what is the debt ceiling?

December 19, 2024

By Andy Sullivan WASHINGTON – Large swaths of the U.S. government could temporarily close at midnight on Friday if Congress does not approve a stopgap spending bill due to pressure…

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US new vehicle sales set to rise 7.3% in December, report says

December 19, 2024

(Reuters) – U.S. new vehicle sales are expected to rise 7.3% in December, aided by deeper discounts from automakers and dealers, industry consultants J.D. Power and GlobalData said in a…

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NY Fed adds extra daily standing repo operation covering year-end

December 19, 2024

(Reuters) – The Federal Reserve Bank of New York on Thursday said it will add an extra operation of its standing repo facility in the days covering the end of…

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US existing home sales jump to eight-month high in November

December 19, 2024

WASHINGTON (Reuters) – U.S. existing home sales surged to an eight-month high in November, but higher mortgage rates and house prices remain a constraint heading into 2025. Home sales jumped…

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El Salvador’s bitcoin wallet to be sold or discontinued after deal with IMF, official says

December 19, 2024

SAN SALVADOR (Reuters) – El Salvador’s official digital bitcoin wallet Chivo will be sold or discontinued, an official said on Thursday, a day after the Central American country struck an…

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Philly Fed’s manufacturing gauge slumps to 20-month low

December 19, 2024

(Reuters) – A gauge of manufacturing activity in the U.S. Mid-Atlantic region slid to the lowest in nearly two years in December, with new orders and shipments both contracting in…

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US weekly jobless claims fall more than expected

December 19, 2024

WASHINGTON (Reuters) – The number of Americans filing new applications for jobless benefits fell more than expected last week, consistent with a gradual cooling in labor market conditions. Initial claims…

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Deutsche Bank reacts to BoE’s cautious rate cut to 4.75%

December 19, 2024

The Bank of England (BoE) announced a reduction in the Bank Rate to 4.75%, marking the second cut in its current easing cycle. This move comes as a cautious approach…

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Factbox-European companies cut jobs as economy sputters

December 19, 2024

(Reuters) -Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since…

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Popular Topics

IMF says ready to support Syria reconstruction when conditions allow

Explainer-What is a government shutdown and what is the debt ceiling?

US new vehicle sales set to rise 7.3% in December, report says

NY Fed adds extra daily standing repo operation covering year-end

US existing home sales jump to eight-month high in November

El Salvador’s bitcoin wallet to be sold or discontinued after deal with IMF, official says

Philly Fed’s manufacturing gauge slumps to 20-month low

US weekly jobless claims fall more than expected

Deutsche Bank reacts to BoE’s cautious rate cut to 4.75%

Factbox-European companies cut jobs as economy sputters