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Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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Chevron expects Venezuelan oil shipments, but PDVSA wants payments

Chevron expects Venezuelan oil shipments, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving shipments of Venezuelan oil as early as December after the oil company last week received a U.S. license to do so, but Caracas is unable to -be not as impatient as the United States. the sanctions restrict payments, people familiar with the matter …

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Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Asia shares gain despite rise in Chinese COVID cases

Asia shares gain despite rise in Chinese COVID cases

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China, leaving investors uncertain about how much new outbreaks could slow the reopening of the world’s second largest economy. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.3%, after US stocks ended …

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Roche's Alzheimer's drug fails in long-awaited trial

Roche’s Alzheimer’s drug fails in long-awaited trial

Trials show small benefit, but without statistical validity Roche setback leaves Biogen and Eisai as leaders in the field It’s up to Roche’s CEO-designate to revive development fortunes Roche shares down 3.4%, its development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) drug candidate for Alzheimer’s disease has not been shown to slow …

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