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Fed's Bostic says he remains open to faster taper and one or two rate hikes in 2022

By Jonnelle Marte Nov 26 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said on Friday he is hopeful that the momentum of the U.S. economy will carry it through the next wave of the coronavirus pandemic, and said he remains open to accelerating the pace of the central bank's bond taper. Earlier on Friday, the World Health Organization

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OPEC postponses technical meetings to evaluate Omicron impact -sources

* OPEC meetings moved to Wednesday/Thursday * Policy decision likely on Thursday at OPEC+ meeting * Oil plunged on Friday on new virus variant fears * Fall was exacerbated by low market liquidity * OPEC has warned U.S. stocks release to swell surplus By Ahmad Ghaddar and Alex Lawler LONDON, Nov 28 (Reuters) - OPEC and its allies have postponed tech

U.S. braces for Omicron, prepares for African country travel ban

By Susan Heavey WASHINGTON, Nov 28 (Reuters) - U.S. health officials on Sunday said they were preparing for the likely appearance of the new Omicron COVID-19 variant, with restrictions set to begin on Monday against travelers from eight southern African countries. "Inevitably, it will be here," although no cases have been detected yet, the nation's
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OPEC postpones technical meetings to evaluate Omicron impact -Bloomberg News

Nov 28 (Reuters) - OPEC is moving two technical meetings to later this week in order to give committees more time to evaluate the impact of the new Omicron coronavirus variant, Bloomberg News reported Link on Sunday, citing delegates from some member countries. The Organization of Petroleum Exporting Countries (OPEC) is moving its joint technical c

Wall St Week Ahead-19 fears reappear as a threat to market

By Saqib Iqbal Ahmed NEW YORK, Nov 26 (Reuters) - COVID-19 has resurfaced as a worry for investors and a potential driver of big market moves after a new variant triggered alarm, long after the threat had receded in Wall Street's eyes. Worries about a new strain of the virus, named Omicron and classified by the World Health Organization as a varian
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Omicron variant detected in more countries as scientists race to find answers

* Thirteen cases found in Netherlands * Two cases detected in Australia, two in Denmark * Israel announces it is barring foreigners for two weeks * S.African doctor says Omicron patients have "very mild" symptoms * Fauci says Americans must be prepared to fight spread By Elizabeth Piper and Toby Sterling LONDON/AMSTERDAM, Nov 28 (Reuters) - The Omi

With new Omicron case detected, UK awaits COVID booster advice

* UK wants to broaden booster campaign * New measures are temporary * Scotland also to introduce travel measures By Elizabeth Piper LONDON, Nov 28 (Reuters) - Britain's health minister Sajid Javid said on Sunday he expected to receive advice imminently on whether the government can broaden a booster shot programme to try to weaken the impact of the
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New coronavirus variant Omicron keeps spreading, Australia detects cases

Nov 28 (Reuters) - The new Omicron coronavirus variant kept spreading around the world on Sunday, with two cases detected in Australia, even as more countries tried to seal themselves off by imposing travel restrictions. Health officials in Australia's most populous state, New South Wales, said Link two passengers who arrived in Sydney from souther

Bahrain outlook improves on fiscal reforms, S&P says

DUBAI, Nov 28 (Reuters) - S&P Global Ratings has revised Bahrain's outlook to 'stable' from 'negative' on the back of new fiscal reforms aimed at improving non-oil revenues and cutting state spending, the ratings agency said in a statement. Rated below investment grade, Bahrain was bailed out to avoid a credit crunch in 2018 with a $10 billion pack

Low expectations on nuclear talks as Iran creates facts on the ground

(Refiles to make headline read 'ground' not 'grounds') By John Irish, Francois Murphy and Parisa Hafezi PARIS, Nov 28 (Reuters) - World powers and Iran return to Vienna on Monday for a last ditch effort to salvage a 2015 nuclear deal, but few expect a breakthrough as Tehran's atomic activities rumble on in an apparent bid to gain leverage against t

Factors to watch - November 28

DUBAI, Nov 28 (Reuters) - Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Equities, oil prices, U.S. Treasury yields all drop on COVID variant fears * Oil settles down $10/bbl in largest daily drop sin

SNB following franc developments closely, stands ready to intervene - Maechler

ZURICH, Nov 27 (Reuters) - The Swiss National Bank (SNB) is following the Swiss franc's exchange rate "very closely" to monitor its impact on the economy and remains ready to intervene when necessary, governing board Member Andrea Maechler told broadcaster RTS. "At the SNB, we're always ready to intervene in foreign exchange markets if needed," Mae
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Iraq says it has no expectations about the fate of OPEC+ supply increase

CAIRO, Nov 27 (REUTERS) - Iraqi Oil Minister Ihsan Abdul Jabbar said on Saturday that his country does not have any expectations about whether the current monthly increase in supply of 400,000 bpd by OPEC+ will stay in place, the state news agency reported. He added that any decision taken by OPEC+ would be based on the information provided by tech

Erdogan orders probe into Turkish lira's slump - Anadolu

ISTANBUL, Nov 27 (Reuters) - Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the dollar this week, the Anadolu news agency reported on Saturday. It said Erdogan had tasked the State Supervisory Council, an auditing agency which reports to the presid

UK takes new measures to slow Omicron variant

(Recasts with comments by Johnson and Whitty) By Costas Pitas LONDON, Nov 27 (Reuters) - Britain announced new measures on Saturday to try to slow the spread of the newly identified Omicron coronavirus variant and a top health official said there was a "reasonable chance" that vaccines could be less effective against it. Prime Minister Boris Johnso

UK, Germany and Italy detect Omicron variant cases, Israel closes borders

* Britain, Germany, Italy say Omicron cases detected * UK PM Johnson unveils new measures to try to stop spread * Many states announce travel curbs, bans on southern Africa * Dutch authorities test air passengers for Omicron variant By Costas Pitas, Madeline Chambers and Toby Sterling LONDON/BERLIN/AMSTERDAM, Nov 27 (Reuters) - Britain, Germany and
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India's Paytm September quarter net loss widens

By Sankalp Phartiyal and Nupur Anand NEW DELHI, Nov 26 (Reuters) - India's One 97 Communications Ltd PAYT.NS , the parent of fintech firm Paytm, said on Saturday its net loss for the three months through September widened by 8.4% as expenses rose. Paytm, reporting its earnings publicly for the first time since listing this month, reported a consoli

China's industrial profits growth accelerates in Oct

BEIJING, Nov 27 (Reuters) - Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Saturday, providing a buffer for a faltering economy battered by soaring raw material prices. Profits in October rose 24.6% from a year earlier to 818.7 billion yuan ($128.1 billion), the official data showed, quickening f

China Oct industrial profits grow 24.6% y/y

BEIJING, Nov 27 (Reuters) - Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Saturday, providing a buffer for a faltering economy battered by soaring raw material prices. Profits in October rose 24.6% from a year earlier to 818.7 billion yuan ($128.1 billion), the official data showed, quickening f

Fed's Bostic says he remains open to faster taper and one or two rate hikes in 2022

By Jonnelle Marte Nov 26 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said on Friday he is hopeful that the momentum of the U.S. economy will carry it through the next wave of the coronavirus pandemic, and said he remains open to accelerating the pace of the central bank's bond taper. Earlier on Friday, the World Health Organization

Wall St Week Ahead-19 fears reappear as a threat to market

(Corrects name of Smead Capital Management in 16th paragraph) By Saqib Iqbal Ahmed NEW YORK, Nov 26 (Reuters) - COVID-19 has resurfaced as a worry for investors and a potential driver of big market moves after a new variant triggered alarm, long after the threat had receded in Wall Street's eyes. Worries about a new strain of the virus, named Omicr
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