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11.11.26 - 07:24
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Bank of England′s inflation response ′risks higher interest rates for longer′ (The Guardian)
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Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economyThe Bank of England is risking higher interest rates for longer after a hesitant response to rising inflation, according to leading thinktank.In a searing critique of the central bank's tactics, the National Institute of Economic and Social Research (Niesr) said a timid increase in interest rates last week was likely to mean inflation staying above the Bank's 2% target until at least 2030. Continue reading......
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11.11.26 - 06:15
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EUREX/Bund-Future im Frühhandel knapp behauptet (Dow Jones)
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DOW JONES--Der aktuelle Kontrakt des Bund-Futures verliert 10 Ticks auf 122,55 Prozent. Das Tageshoch liegt bislang bei 122,63 Prozent und das Tagestief bei 122,5 Prozent. Umgesetzt wurden bisher 5.949 Kontrakte. Der Buxl-Futures verliert 10 Ticks auf ......
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11.11.26 - 05:57
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China To Sell First Yuan Sovereign Bonds In Canada As Beijing Pushes Dollar Alternative (ZeroHedge)
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China To Sell First Yuan Sovereign Bonds In Canada As Beijing Pushes Dollar Alternative
Authored by Matthew Horwood via The Epoch Times,China plans to issue its first yuan-denominated sovereign bonds in Canada this week, as Chinese Vice Premier He Lifeng visits the country for talks aimed at establishing closer ties.China's Ministry of Finance announced that it will issue up to 4 billion yuan (CA$846 million) in sovereign green bonds in Canada beginning Nov. 9. The green bond proceeds are meant for projects beneficial to the environment.China's state-run Global Times said the move marks "another step in expanding the Chinese currency's international reach" and creating an alternative to the U.S. dollar in trade. Beijing has been seeking to reduce reliance on the U.S. dollar and promote the use of its own currency in international trade, including through BRICS, an international grouping it co-founded with countries including Brazil, Russia, and IndiaThe announcement coincided with...
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11.11.26 - 00:01
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Credit card debt mounts amid Democrats′ push to cap interest rates (The Hill)
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New data shows Americans' credit card balances are mounting, as some Democratic lawmakers push for capping interest rates. Credit card balances increased by $22 billion in the third quarter, an increase of 1.7 percent relative to the second quarter, the Federal Reserve Bank of New York reported Tuesday. Credit card debt for this year topped......
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