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Fixed income returns in India set to surge in 2023, prompt higher investments – analysts

(This Jan. 9 story has been corrected to fix AUM of Nuvama Wealth Management in the fourth paragraph after the fund issued a correction) By Bhakti Tambe MUMBAI (Reuters) – Indian investors are looking to increase the proportion of debt in their portfolios on expectations of a peak in policy tightening, a desire to lock …

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U.S. House adopts rules sought by hardliners to control McCarthy

By David Morgan and Moira Warburton WASHINGTON (Reuters) -The Republican-led U.S. House of Representatives on Monday adopted a package of internal rules that give right-wing hardliners more leverage over the chamber’s newly elected Republican speaker, Kevin McCarthy. Lawmakers voted 220-213 to approve the legislation. One Republican, Representative Tony Gonzales, joined all 212 Democrats in voting …

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Britain’s groundbreaking satellite launch ends in failure

By Paul Sandle NEWQUAY, England (Reuters) -Britain’s attempt to become the first European nation to launch satellites into space ended in bitter disappointment early on Tuesday when Virgin Orbit said its rocket had suffered an anomaly that prevented it from reaching orbit. The “horizontal launch” mission had left from the coastal town of Newquay in …

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Bolsonaro in Florida hospital; 1,500 supporters detained after Brasilia riots

By Gabriel Araujo, Anthony Boadle and Jamie McGeever BRASILIA/ORLANDO, Fla. (Reuters) -Far-right former Brazilian President Jair Bolsonaro was admitted to a hospital in Florida on Monday with stomach pains as 1,500 of his supporters were rounded up in Brasilia after storming key buildings in the capital over the weekend. President Luiz Inacio Lula da Silva, …

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India’s fuel demand hits nine-month high in December

By Kavya Guduru (Reuters) -India’s fuel demand reached a nine-month high in December, helped by strong industrial activity and a rise in gasoline consumption due to an uptick in passenger vehicle sales. Consumption of fuel, a proxy for oil demand, was about 4% higher than the previous month, and rose 3.1% year-on-year to 19.60 million …

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India asks utilities to import 6% of their coal for nine months

By Sarita Chaganti Singh NEW DELHI (Reuters) -India’s power ministry has asked utilities to import 6% of their coal requirement until September, according to a letter seen by Reuters, warning that domestic supplies could be curtailed if import targets are not met. Coal accounts for more than 70% of India’s power generation, with coal-fired plants …

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North America leaders to discuss economy, drug gangs and migration at summit

By Dave Graham and Jarrett Renshaw MEXICO CITY (Reuters) -U.S. President Joe Biden and his Mexican counterpart aim to make progress on strengthening economic integration, combating drug cartels and managing immigration on Monday, even as friction over Mexico’s energy policies weighs on joint cooperation. In initial remarks at the start of a U.S.-Mexico bilateral meeting …

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More than 7,000 nurses go on strike in New York City

(Reuters) -Thousands of nurses at two New York City hospitals went on strike on Monday after contract negotiations stalled over pay and staffing levels, a move that caused one of the facilities to postpone procedures and appointments. The walkout involves more than 7,000 nurses at Montefiore Medical Center in the Bronx and Mount Sinai Hospital …

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S&P 500 near flat as investors weigh chances of less aggressive rate hikes

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 index erased early gains to close nearly flat on Monday as expectations that the Federal Reserve will become less aggressive with its interest rate hikes were offset by lingering worries about inflation. The Dow ended lower, and the Nasdaq Composite ended well off the day’s …

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UK becoming less attractive for investment, manufacturers warn

By Andy Bruce LONDON (Reuters) – Britain has become less competitive and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil, manufacturers said in an industry survey released on Monday. The proportion of manufacturers who think Britain is a competitive location halved to 31% from 63% a year …

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