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With the U.S. economy growing strongly and supply-demand imbalances poised to persist in the near future, policymakers need to be ready to respond to the possibility that inflation may not recede in the second half of next year as expected, Federal Reserve Chair Jerome Powell said on Wednesday.
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Brazil reported a third case of the Omicron coronavirus variant on Wednesday, casting doubt on plans to loosen containment curbs ahead of year-end holidays in response to a fall in infection numbers.
Argentine state energy giant YPF expects robust profits in the fourth quarter of the year driven by rising gas production and crude output, the company's President Pablo González told Reuters on Wednesday.
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U.S. Senate Majority Leader Chuck Schumer said on Wednesday that talks with his Republican counterpart Mitch McConnell to avoid a government shutdown were making "good progress," adding that the two leaders must prevent a group of Senate Republicans from causing "total chaos" by delaying action.
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U.S. climate envoy John Kerry said on Wednesday that big greenhouse gas emitting countries like China, India, Russia and others must move faster to help the world avert the worst impacts of global warming.