Breaking News
Dec 13, 2022
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The Consumer Price Index rose at a slower pace of 7.1% in November after rising at 7.7% in October. Monthly increase slowed to 0.1% from 0.4% in October.
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U.S. consumer inflation expectation for the year ahead declined to 5.2% in November from 5.9% in October, the lowest in 15 months according to the Federal Reserve Bank of New York survey.
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Microsoft agreed to acquire a 4% stake in the London Stock Exchange Group and struck a 10-year partnership for its cloud computing services worth $2.8 billion.
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Horizon Therapeutics agreed to be acquired by Amgen for $27.8 billion or $116.50 a share.
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Coupa Software Inc agreed to be acquired by a private equity group Thoma Bravo for $8 billion or $81 a share and the deal is expected to close in the first-half of 2023.
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Xi Jinping in Riyadh pushed Saudi Arabia and GCC countries for the settlement of crude oil purchase on Shanghai Petroleum and Natural Gas Exchange in a move to weaken the dominance of U.S. dollar.
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China and Saudi Arabia pledged to expand cooperation in defense, security and agriculture after premier Xi Jinping's 4-day state visit to Riyadh and attending two conferences with Arab leaders.
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China and Saudi Arabia pledge to expand cooperation in defense, security and agriculture after premier Xi Jinping's 4-day state visit to Riyadh and leading two conferences with Arab leaders.
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The producer price index increased 0.3% in November from October and eased to 7.4% from a year ago on higher cost of services, the U.S. Bureau of Labor Statistics said.
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Consumer price index in China eased to 1.6% in November from 2.1% in October and declined by 0.2% from the previous month, the National Bureau of Statistics said Friday.
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