Dollar Pauses For Breath As Fed Officials Leave Market Pondering Over Rates Path

Dollar Pauses For Breath As Fed Officials Leave Market Pondering Over Rates Path

By Kevin Buckland TOKYO (Reuters) – The dollar hovered below a near two-decade high in Asian trading on Friday, having slipped overnight after two Federal Reserve policymakers said they favored a smaller rate rise than the 100 basis-points that investors were betting on. The dollar index, which measures the currency versus six counterparts, edged 0.07%…

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China’s economy shrinks 2.6% during virus shutdowns

BEIJING (AP) — China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks, but the government said a “stable recovery” is under way after businesses reopened. The world’s second-largest economy shrank by 2.6%, down from the January-March period’s already…

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Warner Bros Discovery Extends Contracts Of CFO, Key Executive

Warner Bros Discovery Extends Contracts Of CFO, Key Executive

(Reuters) – Warner Bros. Discovery Inc has extended contracts of its finance and strategy chiefs, the media company revealed in a filing on Thursday. Chief Financial Officer Gunnar Wiedenfels will stay with the company until July 2026, whereas Chief Revenue and Strategy Officer Bruce Campbell’s contract was extended to July 2025. (https://bit.ly/3uOVhXe) Campbell, along with…

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World Stocks Slump, Greenback Gains Grow As Rate Hike Bets Keep Investors Cautious

World Stocks Slump, Greenback Gains Grow As Rate Hike Bets Keep Investors Cautious

By Katanga Johnson WASHINGTON (Reuters) – Global equity markets edged lower on Thursday and oil slipped while the safe-haven dollar rose after the latest red-hot U.S. inflation reading heightened investor fears about Federal Reserve interest rate hikes and a possible recession. Wednesday’s data showed U.S. consumer prices jumped 9.1% year-on-year in June, up from May’s…

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