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  • Analysis-Modi’s Popularity Key to Selling cut in Food Aid Ahead of Indian Elections

    Analysis-Modi’s Popularity Key to Selling cut in Food Aid Ahead of Indian Elections0

    Indian Prime Minister Narendra Modi’s move to effectively halve food rations to the poor ahead of state polls next year and a general election in 2024 is fiscally sound, but politically much depends on whether the charismatic leader can sell it to voters. Subsidised food and other items are key to winning elections in India,

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  • Japan to Make Raising Wages a Top Priority, Says Senior Govt official

    Japan to Make Raising Wages a Top Priority, Says Senior Govt official0

    Japan’s government will make raising wages a top priority in its economic policy next year, Deputy Chief Cabinet Secretary Seiji Kihara said on Wednesday. “The biggest challenge for Japan’s economy is a lack of wage growth. Unless wages rise, consumption won’t pick up and companies won’t increase investment,” Kihara said, speaking during a television programme.

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  • Toyota’s Nov Global Vehicle Production Rises 1.5% to Record 833,104

    Toyota’s Nov Global Vehicle Production Rises 1.5% to Record 833,1040

    Toyota Motor (NYSE:TM) Corp reported on Monday a 1.5% rise in November global vehicle output, reaching a new record of 833,104. domestic production slid 3.3% to 266,174 vehicles, while overseas output rose 3.8% to an all-time high of 566,930 for the month. Global sales and production in November exceeded last year’s levels due to solid

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  • Dollar Retreats After Overnight Gains, Ahead of Economic Data Dump

    Dollar Retreats After Overnight Gains, Ahead of Economic Data Dump0

    The U.S. dollar slipped lower in early European trade Friday, handing back some of the previous session’s gains as traders attempt to gauge the Federal Reserve’s likely tightening path in the new year. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.2% to

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  • Major Fire Hits Chilean Port, Codelco Operations Unaffected

    Major Fire Hits Chilean Port, Codelco Operations Unaffected0

    A major fire broke out at Chile’s Ventanas port near a refinery and smelter belonging to state-run miner Codelco, but the company said on Thursday operations have not been affected. Meanwhile, a separate forest fire south of Ventanas near the coastal tourist city of Viña del Mar raged, killing at least two people while destroying

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  • Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays

    Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays0

    Oil prices extended gains into a fourth straight session on Thursday after inventory data showed that U.S. supplies remained tight ahead of a demand-heavy holiday season, although caution ahead of key economic readings kept gains limited. Data on Wednesday showed that U.S. crude inventories shrank far more than expected in the previous week, with decreases

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