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Hedge funds caught in bigger squeeze than 2021 meme stock frenzy – Goldman Sachs note

By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015, surpassing the speed of their exodus from the meme stock frenzy two years ago, according to a Goldman Sachs research note. The latest short squeeze, implying that stock prices …

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Ghana debt swap deal ‘good for you’, finance minister tells retirees

By Christian Akorlie ACCRA (Reuters) -Ghana’s finance minister told a group of protesting retiree bondholders on Monday they were being a offered a good deal, as the government of the struggling West African nation pushes to get a domestic debt exchange over the line by Tuesday. Ghana launched a debt swap plan in December as …

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China urges restraint as U.S. military searches for balloon remnants

By Yew Lun Tian and David Lawder BEIJING/WASHINGTON (Reuters) -Beijing on Monday urged Washington to show restraint as the U.S. military searched for remnants of what it believes was a Chinese surveillance balloon it shot down over the Atlantic but which China says was a civilian craft that accidentally drifted astray. The balloon drama has …

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EU, UK face difficulties on N. Ireland despite progress – Sefcovic

By Philip Blenkinsop BRUSSELS (Reuters) -The European Union has made progress in its talks with the UK on the trading arrangements of Northern Ireland but difficulties remain, European Commission Vice-President Maros Sefcovic said on Monday. Sefcovic, who oversees EU relations with Britain, said his team wanted a breakthrough every week, referring to recent reports on …

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Landmark Hong Kong national security trial opens two years after arrests

By Jessie Pang HONG KONG (Reuters) -The much-anticipated trial of 16 Hong Kong democracy activists charged under a national security law imposed by Beijing began on Monday with security tight for a case that some observers say will be a test of the city’s judicial independence. The defendants are those who pleaded not guilty out …

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Brazil’s Lula to restart housing program for low-income families

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva will this month restart the federal housing program “Minha Casa, Minha Vida” for lower income people, his chief of staff said on Sunday. Rui Costa said on TV GloboNews that the announcement will be made on Feb. 14 in Bahia state as part of several …

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U.S. fighter jet shoots down suspected Chinese spy balloon with missile

By Randall Hill, Phil Stewart and Jeff Mason SURFSIDE BEACH, S.C. (Reuters) -A U.S. military fighter jet shot down a suspected Chinese spy balloon off the coast of South Carolina on Saturday, a week after it first entered U.S. airspace and triggered a dramatic — and public — spying saga that worsened Sino-U.S. relations. President …

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U.S. working to recover suspected Chinese spy balloon

(Reuters) – The United States is working to recover a suspected Chinese spy balloon that was shot down off the coast of South Carolina, according to a statement released by the Pentagon on Sunday. “Our U.S. Navy component is currently conducting recovery operations, with the U.S. Coast Guard assisting in securing the area and maintaining …

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Japan’s government has sounded out Amamiya about becoming BOJ governor – Nikkei

By Daniel Leussink and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s government has sounded out Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya to succeed incumbent Haruhiko Kuroda as central bank governor, the Nikkei newspaper reported early on Monday, citing anonymous government and ruling party sources. The next BOJ chief will face the delicate task of normalising …

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NBA-LeBron James returns to Los Angeles with history in his grasp

By Rory Carroll LOS ANGELES (Reuters) – Lakers forward LeBron James returns to Los Angeles on the verge of becoming the NBA’s all-time leading scorer after wrapping up a five-game road trip in New Orleans on Saturday night. ‘King James’ now needs just 36 points to pass fellow Lakers great Kareem Abdul-Jabbar’s record 38,387 career …

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