By David Morgan and David Lawder WASHINGTON (Reuters) – The U.S. government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the Republican-controlled House of Represe[...]
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January 20, 2023
Fed’s Waller, citing “good news,” backs quarter-point increase at next meeting
By Howard Schneider and Ann Saphir (Reuters) -U.S. Federal Reserve Governor Christopher Waller, one of the leading inflation hawks and an advocate last year of aggressive rate increases, supports scal[...]
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U.S. aviation authority FAA opens office in Mexico
By Kylie Madry and David Shepardson MEXICO CITY/WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) has opened an office in Mexico, the regulatory body said on Friday, a sign the coun[...]
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Samsung loses bid to pause Caltech patent lawsuit over wireless chips
By Blake Brittain (Reuters) – Samsung Electronics Co failed to convince an East Texas federal court on Friday to pause the California Institute of Technology’s high-stakes patent lawsuit a[...]
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French court orders Uber to pay some $18 million to drivers, company to appeal
By Tassilo Hummel PARIS (Reuters) – French court on Friday ordered Uber to pay around 17 million euros ($18.43 million) in damages and lost salaries to a group of drivers who argued they should[...]
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Kenya inflation to fall back within target in Q1 -cenbank governor
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Kenya’s central bank expects inflation to fall within its target range during the first quarter of 2023 and is[...]
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FTX wins court approval to hire bankruptcy lawyers amid conflicts concerns
By Dietrich Knauth and Andrew Goudsward (Reuters) -A U.S. judge on Friday signed off on FTX’s choice of legal advisers to navigate its bankruptcy, after the collapsed crypto exchange told the co[...]
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Hedge fund industry lost $125 billion worth of assets in 2022 – HFR
By Nell Mackenzie LONDON (Reuters) – Almost $125 billion worth of assets, from performance losses left the hedge fund industry in 2022, Hedge Fund Research (HFR) data showed on Friday in the lat[...]
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Crypto lending unit of Genesis files for U.S. bankruptcy
(Reuters) -The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion after being toppled by a market rout along with exchange FTX[...]
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