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Wall Street opens lower as Netflix disappoints

Jan 21 (Reuters) - Wall Street's main indexes opened lower on Friday and were on course for their at least third straight week of declines, after a weak forecast from Netflix sent shares of the streaming company and its peers spiraling down. The Dow Jones Industrial Average .DJI fell 13.70 points, or 0.04%, at the open to 34,701.69. The S&P 500 .SP
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C$ dips as retail sales data falls short of estimates

* Canadian dollar weakens 0.1% against the greenback * Canadian retail sales rise 0.7% in November * Price of U.S. oil falls 0.9% * Canadian bond yields ease across the curve TORONTO, Jan 21 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Friday as uncertainty about the pace of expected Federal Reserve interest rate hike
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US equity funds post outflows as yields spike

Jan 21 (Reuters) - U.S. equity funds faced outflows in the week to Jan. 19 on concerns over a rise in U.S. Treasury yields and a feeble start to the fourth-quarter earnings season. According to Refinitiv Lipper data, investors sold U.S. equity funds of $4.5 billion, marking the first weekly outflow in five weeks. The U.S. 10-year Treasury yields ju
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Wall Street opens lower as Netflix disappoints

Jan 21 (Reuters) - Wall Street's main indexes opened lower on Friday and were on course for their at least third straight week of declines, after a weak forecast from Netflix sent shares of the streaming company and its peers spiraling down. The Dow Jones Industrial Average .DJI fell 13.70 points, or 0.04%, at the open to 34,701.69. The S&P 500 .SP
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Canada Dec retail sales seen down as COVID restrictions bite

By David Ljunggren OTTAWA, Jan 21 (Reuters) - Canadian retail sales most likely fell by 2.1% in December as authorities imposed restrictions to fight the Omicron variant of the coronavirus and retailers faced challenges, Statistics Canada predicted on Friday. Statscan also said retail sales rose 0.7% in November, which was less than the 1.2% gain f
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Prepare for big central banks moving out of step: policymakers

By Balazs Koranyi, Leika Kihara and David Lawder Jan 21 (Reuters) - The world's biggest central banks, moving in tandem at the height of the pandemic, are set to tighten policy at vastly different speeds, likely increasing economic and market volatility this year, top policymakers said on Friday. Central banks unleashed unprecedented stimulus in re

Baltic index falls for eleventh day as vessel demand stays weak

Jan 21 (Reuters) - The Baltic Exchange's dry bulk sea freight index .BADI fell for the eleventh straight session on Friday, en route to its second consecutive weekly decline, tracking weaker rates across all vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 59 points, or 4%, to 1,415, its

Nasdaq set for lower open after disappointing Netflix forecast

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Netflix plunges, weighs on other streamers * Wall Street main indexes headed for weekly declines * Futures down: Dow 0.25%, S&P 0.44%, Nasdaq 0.75% By Shreyashi Sanyal and Bansari Mayur Kamdar Jan 21 (Reuters) - The Nasdaq index was set t
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BoE's Mann sees need for urgency on inflation, but some things beyond control

LONDON, Jan 21 (Reuters) - Bank of England policymaker Catherine Mann said on Friday that she did feel a sense of urgency about addressing inflation pressures but some factors driving up prices were beyond the British central bank's control. "I do have a sense of urgency. But I have a sense of urgency for the things that I think I can affect and th

Asian prices fall amid Chinese LNG cargo sale tenders

By Nina Chestney LONDON, Jan 21 (Reuters) - Asian spot liquefied natural gas (LNG) prices dropped this week as large Chinese sell tenders signalled that supplies are well-stocked amid continued tepid Asian demand. The average LNG price for March delivery into north-east Asia LNG-AS fell to around $23.00 per metric million British thermal units (mmB

IMF's Georgieva: Fed acting responsibly on tightening, tackling COVID also key

WASHINGTON, Jan 21 (Reuters) - IMF Managing Director Kristalina Georgieva said on Friday it is not just central bankers who need to fight inflation, but other policymakers have a key role to play, including through boosting vaccinations to end the COVID-19 pandemic. Georgieva told a World Economic Forum virtual panel that the U.S. Federal Reserve,

Erdogan repeats pledge to remove "froth" over inflation soon

ANKARA, Jan 21 (Reuters) - Turkish President Tayyip Erdogan on Friday reiterated his pledge to remove what he calls "froth" over inflation, which has surged to its highest level during his 19-year rule at an annual 36.1% rate in December. Erdogan was speaking to representatives from MUSIAD, a group of religiously-oriented businesses close to his go

Brazil's Guedes says 'inflation beast is out of the box'

BRASILIA, Jan 21 (Reuters) - Brazilian Economy Minister Paulo Guedes said on Friday "the inflation beast is out of the box" and will be a problem for the Western world but stressed Brazil was moving faster to battle it with aggressive monetary tightening. Addressing an online seminar on Friday hosted by the Davos World Economic Forum, Guedes said B

BoE needs to lean against rising price pressures - Mann

By David Milliken LONDON, Jan 21 (Reuters) - The Bank of England needs to lean against inflation pressures and stop expectations of higher price growth from getting entrenched in medium-term wage and pricing decisions, BoE policymaker Catherine Mann said on Friday. "Going into 2022, current price and wage expectations coming from the (BoE's) DMP su

Indonesia's tax revenues to continue to rise in 2022 -finmin

Jan 21 (Reuters) - Indonesia's 2022 tax revenues will continue to be strong even if commodity prices retreat from current levels, Finance Minister Sri Mulyani Indrawati said on Friday. "We are still having a strong source of revenue which is coming from non-commodity activity," she told an online seminar hosted by the Davos World Economic Forum. Sr

Global bond funds see higher outflows on rates outlook

Jan 21 (Reuters) - Investors stepped up selling in global bond funds in the seven days to Jan. 19 as hawkish remarks from U.S. Fed officials amid rising inflationary pressure solidified expectations that the central bank will tighten monetary policy as early as March. Investors offloaded global bond funds of $4.12 billion, that topped previous week

BoE needs to lean against rising price pressures - Mann

LONDON, Jan 21 (Reuters) - The Bank of England needs to lean against inflation pressures and stop expectations of higher price growth from getting entrenched in medium-term wage and price decisions, BoE policymaker Catherine Mann said on Friday. "Going into 2022, current price and wage expectations coming from the (BoE's) DMP survey are inconsisten

Crypto giant Binance kept weak money-laundering checks even as it promised tougher compliance, documents show

By Angus Berwick and Tom Wilson ATTARD, Malta, Jan 21 (Reuters) - In the courtyard of a secluded limestone palace, Malta's political elite welcomed a guest: Changpeng Zhao, chief executive of Binance, the world's largest cryptocurrency exchange. It was October 2018. Zhao was in Malta to find Binance a new home, having quit mainland China the year b

Canada - Jan 21

Jan 21 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL Demand for Ottawa's hiring subsidy program for employers has been anemic, with less than a fifth of budgeted funds allocated between June and mid-October last year a

Pandemic darlings face the boot as investors eye return to normal life

(Updates with details throughout) LONDON, Jan 21 (Reuters) - Stay-at-home market darling Netflix slumped on Friday, joining a broad decline in the market value of other pandemic favourites this week as investors priced in expectations for a return to normality as more countries gradually relax COVID restrictions. The selloff which began after Netfl
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Chile's Boric names cbank chief Marcel as FinMin in first Cabinet

SANTIAGO, Jan 21 (Reuters) - Chile's President-elect Gabriel Boric has named central bank chief Mario Marcel as finance minister in his incoming Cabinet, a pick which will go down well with investors and markets in the world's top copper producing nation. The 35-year-old leftist President-elect also named Izkia Siches as his future interio minister



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