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IMF says market conditions are opportunity for Argentina to accumulate reserves

(Reuters) -Current benign international financial market conditions are an opportunity for Argentina to accelerate its accumulation of international reserves, the International Monetary Fund said on Thursday. “The recent improvement in market conditions does present a window of opportunity for the authorities to strengthen macroeconomic policies, to entrench stability and to accelerate reserve accumulation,” said IMF …

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US October employment report will not include jobless rate, Hassett says

WASHINGTON (Reuters) -White House economic adviser Kevin Hassett said on Thursday the government would release the closely watched employment report for October, but without the jobless rate after a weeks-long federal government shutdown. “The household survey wasn’t conducted in October, so we’re going to get half the employment report. We’ll get the jobs part, but …

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US 10-year Treasury yields priced for no inflation surprises, set to rise modestly: Reuters poll

By Sarupya Ganguly BENGALURU (Reuters) -U.S. 10-year Treasury yields, assuming no upside inflation surprises, are likely to rise modestly in coming months, according to a Reuters poll of market experts, while short-dated yields are forecast to decline on rate cut bets.   The survey results suggest inertia in the world’s largest debt market despite a long …

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China’s October new bank loans fall sharply, missing forecast

BEIJING (Reuters) -New loans by Chinese banks fell sharply in October from the previous month and missed market expectations, as households and businesses remained wary of taking on more debt due to economic uncertainties and trade tensions between Beijing and Washington. With private demand still weak amid the property downturn, policymakers are finding it hard to reflate …

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Euro zone industrial output weak but skewed by Ireland, data shows

FRANKFURT (Reuters) -Euro zone industrial production rose far less in September than economists had predicted, though the big economies fared well and the shortfall was due to volatility among big foreign companies based in Ireland for tax reasons. Industrial production rose 0.2% on the month, well below expectations for a 0.7% rise in a Reuters …

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German companies abroad are more optimistic than those at home, survey shows

By Maria Martinez BERLIN (Reuters) -Confidence among German firms outside Germany is rising significantly while it remains subdued among those at home, a survey by the association of German Chambers of Industry and Commerce DIHK showed on Thursday. The AHK World Business Outlook, based on more than 3,500 responses from around 90 countries, showed that …

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Japan’s wholesale prices rise more than expected on sticky food inflation

By Leika Kihara TOKYO (Reuters) -Japan’s wholesale prices rose more than expected in October as the cost of rice and other food remained stubbornly high, data showed on Thursday, keeping pressure on the central bank to resume interest-rate increases. Analysts said wholesale inflation was likely to moderate in the coming months, but renewed yen weakness …

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New York Fed’s Perli encourages use of Standing Repo Facility to deal with liquidity needs

By Michael S. Derby NEW YORK (Reuters) -The official responsible for implementing monetary policy at the Federal Reserve Bank of New York said on Wednesday that firms that need to use the central bank’s Standing Repo Facility should tap the tool when needed, adding that large-scale usage would not be problematic. “It is desirable and …

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Trump eyes more domestic travel to tout economic agenda, affordability

By Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Donald Trump plans more domestic travel to sell his administration’s efforts to drive down the cost of living, two people with knowledge of the matter said, as a top aide promised big moves to lower the price of coffee, bananas and other goods. Trump has …

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Brazil meal voucher rule changes to save $1.5 billion a year, Finance Ministry says

By Marcela Ayres BRASILIA (Reuters) -Brazil’s Finance Ministry said on Wednesday the government measures to cut intermediation costs in the country’s meal voucher market are expected to generate savings of about 8 billion reais ($1.48 billion) a year. Unveiled on Tuesday, the changes cap the fee charged by meal voucher companies to merchants at 3.6% …

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