Wall Street falls after strong services data fuels Fed fears

Activity in the US services sector picks up in November Tesla slides on reports of production cuts in China Indexes down: Dow 0.70%, S&P 0.98%, Nasdaq 1.12% Dec 5 (Reuters) – Wall Street’s major indices fell on Monday after better-than-expected activity in the services sector added to jitters that the US Federal Reserve could continue … Read more

US Supreme Court debates web designer’s position against same-sex marriage

WASHINGTON, Dec. 5 (Reuters) – The US Supreme Court on Monday delivered spirited arguments in a landmark case pitting LGBT rights against a claim that the constitutional right to free speech exempts artists from anti-discrimination laws – a dispute involving an evangelical Christian web is a designer who refuses to provide her services for same-sex … Read more

Explainer: why the US Inflation Reduction Act is gripping Europe

PARIS, Dec. 5 (Reuters) – Top European Union officials will use a trade meeting with US counterparts on Monday to raise concerns about Washington’s massive new green energy subsidy package. While EU countries welcome the new commitment to the energy transition, they fear the $430 billion Inflation Reduction Act (IRA) will put their companies at … Read more

Will the Fed ‘raise and hold’ rates? Traders bet they won’t

Dec 5 (Reuters) – Federal Reserve policymakers have all but promised to slow the pace of their rate hikes next week, and over the next few months they’re working their way towards a policy rate high enough to dampen inflation, but not as much high as if to crash the economy. Once they hit interest … Read more

G7 begins to pressure Russia over Ukraine with an oil price cap

Russia says it will not export oil with a limit Zelenskiy says the price cap will do little to deter Russia Ukrainian regions are resorting to planned blackouts Ukrainian troops hold positions along the frontline – Zelenskiy Russia says troops are conducting successful operations in Bakhmut KYIV, Dec 5 (Reuters) – A Group of Seven … Read more

Asia Shares Bank on China’s Final Opening; oil profits

https://tmsnrt.rs/2zpUAr4 Chinese stocks rise, dollar falls More Chinese cities are easing coronavirus controls Cap on Russian oil takes effect, impact uncertain SYDNEY, Dec. 5 (Reuters) – Asian stocks extended their rally on Monday as investors hoped steps to lift China’s pandemic restrictions would eventually improve the outlook for global growth and demand for commodities, driving … Read more

Oil prices rise after OPEC+ upholds production cut targets, China eases COVID restrictions

Brent gained 0.8% at 0430 GMT, WTI rose 0.9% OPEC+ maintains plans to cut production by 2 million barrels per day More Chinese cities are easing COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ countries kept their production targets stable ahead of a European Union … Read more

The deep inversion of the yield curve in Canada adds to the dilemma of the BoC’s rate hike

TORONTO, Dec. 4 (Reuters) – As the Bank of Canada considers scrapping excessive rate hikes, it faces an economy likely to be more overheated than previously thought, but also the clearest signal yet from the bond market that a recession and lower inflation are on the horizon. Canada’s central bank says the economy must slow … Read more

India Plans Federal Oversight Of All Real Money Online Games – Resources, Doc

NEW DELHI, Dec 4 (Reuters) – India’s planned regulation of online gambling will apply to all real money games after the Prime Minister’s office rejected a proposal to regulate only games of skill and omit gambling, according to a government document and three sources. The much-anticipated regulations are seen as defining the future of India’s … Read more

Mexico and the US are planning a pitch in early 2023 to attract companies from abroad

MEXICO CITY, Dec. 2 (Reuters) – Mexico’s Economy Minister Raquel Buenrostro and US Commerce Secretary Gina Raimondo agreed on Friday to develop a plan for the relocation of companies from Asia to North America by early 2023, the agency said. Mexican government. On her first visit to Washington since taking office in October, Buenrostro met … Read more