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Banking

Russia’s depleted workforce threatening economic growth, says central bank

Pedestrians walk past the Central Bank headquarters in Moscow, Russia, August 15, 2023. REUTERS/Shamil Zhumatov/File photo Acquire Licensing RightsThis content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Nov 9 (Reuters) - Russia's depleted labour force is causing acute labour shortages and threatening economic growth, Central Bank Governor Elvira Nabiullina said on Thursday, as Moscow pumps fiscal and physical resources into the military.Russia's military production focus as it prosecutes what it calls a "special military operation" in Ukraine is pulling funds away from...
Investing

Investors turn risk-on for some junk debt but not all

Nov 7 (Reuters) - It's fear and greed in the fixed-income markets once again as traders bet the Federal Reserve is done raising interest rates, but aren't quite sure that it won't still break the U.S. economy. Case in point is the market for low-rated companies.In recent days, as it started to appear that the Fed rate- hiking cycle might have peaked, investors have shown more willingness to dip their toes back into junk-rated bonds.But they are going only as far as the safest bets in the junk category, bonds...
Currencies

Shares lose momentum as doubts cloud interest rate optimism

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsWall Street edges higher as Euro STOXX 600 falls 0.06%Dollar gains as appetite for riskier currencies diminishesTreasury yields slip as investors weigh Fed commentaryAussie drops 1.2% on 'dovish hike' from RBANEW YORK/LONDON, Nov 7 (Reuters) - World share markets lost momentum on Tuesday as investor optimism that interest rates have peaked and the Federal Reserve will soon begin cutting them faded, while the dollar made gains...
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