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IMF To Act After “Too Slow” Complaints

💰 💰 IMF’s chief set an ambitious target to reduce the time needed to agree on deals to help poorer nations in debt distress, following criticism it’s been taking too long to aid the world’s neediest nations. Chart: Debt Distress On The Rise

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UBS Warns About Unsecured Indian Loans

🇮🇳 🇮🇳 A rapid growth in unsecured personal loans at Indian lenders may soon become a headache amid deepening concerns over the rising risk of defaults among households, according to UBS

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BOE’s Bailey Looks To Prevent Bank Runs

🇬🇧 🇬🇧 Deposits that are not covered by government guarantees are the “elephant flying around the room” and central banks need to respond quickly when lenders become stressed by extending liquidity, Bank of England Governor Andrew Bailey says

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Volkswagen EV Orders Drop

🇩🇪 🇩🇪 Volkswagen AG new orders for its electric vehicles failed to meet the company’s targets in the third quarter, amid weaker global demand and European customers’ reluctance to buy battery-powered cars

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Aramco Mulling Over Shell’s Pakistan Assets

🇸🇦 🇬🇧 Saudi Aramco is exploring a potential bid for Shell Plc (SHEL)’s assets in Pakistan, possibly marking the Gulf oil giant’s first foray into the South Asian nation

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Australia To Discuss Trade Deal With Europe

🇪🇺 🇦🇺 Australia and the European Union plan to hold critical talks for a free-trade accord on the sidelines of a Group of Seven meeting in Osaka later this month, with both sides indicating this might be the last chance for some time to strike a deal

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Is The US Consumer Still Strong?

🚨 🚨 Is The US Consumer Still Strong? Fidelity 401k hardship withdrawal rate at record highs

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Oppenheimer Sees S&P Climbing 13%

🚨 🚨 Oppenheimer’s Chief Investment strategist John Stoltzfus predicts the S&P 500 will end 2023 at 4,900, a roughly 13% jump from current levels
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