By Jody Godoy (Reuters) – A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange[...]
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November 17, 2022
Crypto lender Genesis had sought emergency loan of $1 billion – WSJ
(Reuters) -Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it suspended withdrawals on its website, the Wall Street Journal reported on Thursday, citing[...]
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IMF grants Senegal credit extension until January 2023 for reviews
DAKAR (Reuters) -The International Monetary Fund’s board has approved Senegal’s request for a credit extension to Jan. 10, 2023, to allow time to complete credit and policy reviews, the Fu[...]
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Fonterra divests Chile operations for $641 million to Peru’s Gloria Foods
(Reuters) -New Zealand’s dairy exporter Fonterra Co-operative Group said on Friday that it was selling its dairy operations in Chile to Peruvian firm Gloria Foods in multiple transactions worth[...]
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Oil falls on worries of U.S. rate hikes, China demand outlook
By Arathy Somasekhar HOUSTON (Reuters) -Oil fell more than 3% on Thursday as rising numbers of COVID-19 cases in China and the suggestion of higher interest rates than currently expected in the United[...]
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GM sees its electric vehicles being profitable by 2025
By Joseph White DETROIT (Reuters) -General Motors Co expects its electric vehicles will make money in 2025, with recently enacted federal subsidies plugging the profitability gap between EVs and GM[...]
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Chrysler recalling 280,000 heavy-duty trucks for fire risks
By David Shepardson WASHINGTON (Reuters) – Chrysler-parent Stellantis is recalling 280,000 Ram heavy-duty diesel trucks worldwide for fire risks, a filing with the National Highway Traffic Safet[...]
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Mexico keeps IMF credit line, to maintain access to around $47 billion
MEXICO CITY (Reuters) – The International Monetary Fund (IMF) has concluded that Mexico still meets the eligibility criteria for a flexible credit line, the Mexican central bank said on Thursday[...]
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Pakistan, IMF plan to move fast on bailout programme
ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund (IMF) will “expeditiously” finish their technical engagement as part of the ninth review of Pakistan’s bailou[...]
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