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Wall St Week Ahead-Wall Street hunts for recession plays to weather potential 2023 turbulence

By David Randall NEW YORK, Dec 2 (Reuters) - Investors are eyeing everything from the U.S. healthcare sector to UK stocks and gold as potential havens during a recession, as worries grow that the Federal Reserve's interest rate increases will bring on an economic downturn next year. Gloomy year-ahead forecasts from Wall Street banks have piled up in the past week, although a strong November jobs report released on Friday undercut the case for an imminent slowdown in the U.S.
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Moldova Deputy PM announces deal to reduce risk of massive power outages

Chisinau, Dec 3 (Reuters) - Moldovan Deputy Prime Minister Andrei Spinu announced an energy deal on Saturday he said would reduce the risk of large-scale electricity outages in the former Soviet republic. Spinu said state utilities firm Energocom would purchase enough electricity from the country's largest power station to cover all of Moldova's needs for December when combined with existing imports from Romania.

BoE's Dhingra warns of deeper and longer recession with higher rates

LONDON, Dec 3 (Reuters) - Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs that demands for higher wages risked a wage-price spiral. While most of her colleagues backed a 75 basis-point hike to 3% last month, Dhingra voted for a half-percentage-point increase in interest rates last month, and later told lawmakers the central bank could deepen an expected recessi

BoE's Dhingra warns of deeper and longer recession with higher rates

LONDON, Dec 3 (Reuters) - Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs that demands for higher wages risked a wage-price spiral. "You do see a much deeper and a longer recession with rates being much higher," she told the Observer newspaper.

Moldova Deputy PM announces deal to reduce risk of massive power outages

KYIV, Dec 3 (Reuters) - Moldovan Deputy Prime Minister Andrei Spinu announced an energy deal on Saturday he said would reduce the risk of "massive electricity outages" in the former Soviet republic. Moldova has suffered from widespread power outages amid Russian air strikes on energy infrastructure in neighbouring Ukraine and a reduced flow of natural gas from Russian state energy giant Gazprom.

OPEC+ will keep oil policy unchanged in review talks - sources

* OPEC met on Saturday for admin discussions * No discussions of Russian price cap so far - delegates * OPEC+ to hold virtual meeting on Dec. 4 By Rowena Edwards and Maha El Dahan LONDON/DUBAI, Dec 3 (Reuters) - OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after the Group of Seven (G7) nations agreed a price cap on Russian oil.

Kremlin 'will not accept' oil price cap - agencies

Dec 3 (Reuters) - Russia "will not accept" a price cap imposed by the Group of Seven and its allies on Russian oil, state news agencies quoted the Kremlin as saying on Saturday. TASS quoted Kremlin spokesman Dmitry Peskov as saying Moscow had prepared for the price cap and was analysing it. "We will not accept this ceiling," it quoted him as saying. He added that the analysis would be carried out quickly and Russia would then say how it would respond.

Crypto broker Genesis owes Gemini's customers $900 million - FT

Dec 3 (Reuters) - Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins' crypto exchange Gemini $900 million, the Financial Times reported on Saturday. Crypto exchange Gemini is trying to recover the funds after Genesis was wrongfooted by last month’s failure of Sam Bankman-Fried’s FTX crypto group, the newspaper said, citing people familiar with the matter.

Crypto exchange Gemini trying to recover $900 million from crypto lender Genesis - FT

Dec 3 (Reuters) - Crypto exchange Gemini is trying to recover $900 million from crypto lender Genesis and its parent company Digital Currency Group after the collapse of Sam Bankman-Fried's crypto exchange FTX, Financial Times reported citing people familiar with the matter. Reporting by Shubhendu Deshmukh in Bengaluru; Editing by Toby Chopra

Zelenskiy's chief of staff: Price cap on Russian oil should be lowered to $30 a barrel

KYIV, Dec 3 (Reuters) - The price cap on Russian seaborne crude oil agreed to by the Group of Seven nations and Australia on Friday should be lowered to $30 per barrel to hit Russia's economy harder, a senior Ukrainian presidential aide said on Saturday. "This was everything that was proposed by the McFaul-Yermak group, but it would be necessary to lower it to $30 to destroy the enemy's economy quicker," Andriy Yermak, head of Ukraine's presidential administration, wrote on Telegram referencing

Countries split on plastics treaty focus as UN talks close

By Valerie Volcovici WASHINGTON, Dec 2 (Reuters) - The first round of negotiations on a global plastics treaty ended on Friday with agreement to end plastic pollution but a split on whether goals and efforts should be global and mandatory, or voluntary and country-led. More than 2,000 delegates from 160 countries, meeting in Uruguay in the first of a planned five sessions of the Intergovernmental Negotiating Committee (INC), aim to craft the first legally binding agreement on plastic pollution b

FTX's LedgerX attracts interest from Blockchain.com, Gemini- Bloomberg

Dec 2 (Reuters) - FTX's digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, citing people familiar with the matter. There could be over half a dozen other potential buyers for the crypto derivatives exchange, the people told Bloomberg, adding that some of the interested parties have signed non-disclosure agreements.

FTX's LedgerX attracts interest from Blockchain.com, Gemini- Bloomberg reporter tweet

Dec 2 (Reuters) - Ftx's digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, a Bloomberg reporter tweeted on Friday. Reporting by Jyoti Narayan in Bengaluru; Editing by Sandra Maler

FTX's LedgerX Is Up For Sale, Attracts Interest From Blockchain.com, Gemini - Bloomberg Reporter Tweet

Dec 2 (Reuters) - * BLOCKCHAIN.COM, GEMINI, BITPANDA, AND KALSHI AMONG FIRMS INTERESTED IN BUYING FTX'S LEDGERX- BLOOMBERG REPORTER TWEET Source text: Link

Wall St Week Ahead-Wall Street hunts for recession plays to weather potential 2023 turbulence

By David Randall NEW YORK, Dec 2 (Reuters) - Investors are eyeing everything from the U.S. healthcare sector to UK stocks and gold as potential havens during a recession, as worries grow that the Federal Reserve's interest rate increases will bring on an economic downturn next year. Gloomy year-ahead forecasts from Wall Street banks have piled up in the past week, although a strong November jobs report released on Friday undercut the case for an imminent slowdown in the U.S.
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Stocks regain some lost ground as investors interpret U.S. payrolls data

* U.S. jobs grow faster than expected, wages increase * S&P regains some ground after selling off on jobs data * Euro gains on dollar but trades below its 5-month high * Oil traders focus on Sunday's OPEC+ meeting By Sinéad Carew NEW YORK, Dec 2 (Reuters) - U.S. Treasury yields were lower and Wall Street's benchmark S&P 500 ended down but well above the day's lows on Friday as investors digested a stronger than expected jobs report, which had raised concerns about the Federal Reserve's ability
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S&P 500 ends slightly lower after jobs report

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Job growth beats expectations * Unemployment rate steady at 3.7% * Ford falls on lower November vehicle sales * Dow up 0.1%, S&P 500 down 0.12%, Nasdaq down 0.18% By Chuck Mikolajczak NEW YORK, Dec 2 (Reuters) - The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve
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S&P cuts France's outlook to 'negative' on rising budgetary risks

Dec 2 (Reuters) - Ratings agency S&P Global cut France's outlook to "negative" from "stable" on Friday, reflecting its view of rising risks to the country's public finances and the resulting fiscal space reduction. The downgrade comes amid France's already large general government debt, an implementation risk associated with its structural reform agenda, a wider economic slowdown and the European Central Bank's monetary tightening, S&P said in its report.

U.S. yields little changed as jobs report raises inflation concerns

By Herbert Lash NEW YORK, Dec 2 (Reuters) - Treasury yields pared sharp gains on Friday after a strong U.S. jobs report for November showed a resilient labor market with rising wages, a potential thorn for the Federal Reserve as it moves to slow its hiking of interest rates to tame high inflation. Nonfarm payrolls increased by 263,000 jobs last month as employees hired more workers than expected and data for the prior month was revised higher, the Labor Department said.

United States to end mpox emergency declaration

Dec 1 (Reuters) - Mpox is expected to no longer be considered a public health emergency in the United States from Feb. 1, 2023, the U.S. health department said on Friday. The months-long declaration was meant to tackle the largest ever outbreak of cases in the country. The move signals that the crisis, which led to a spate of cases mostly among men who have sex with men, has come under control and would no longer require an emergency status meant to shore up funding and tools to fight the diseas

Wall Street closes modestly lower after jobs report

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Job growth beats expectations * Unemployment rate steady at 3.7% * Ford falls on lower November vehicle sales (Updates to market close) By Chuck Mikolajczak NEW YORK, Dec 2 (Reuters) - The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of
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