(Reuters) – Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. In recent[...]
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February 11, 2023
Colombian airline Viva Air weighs local restructuring process
BOGOTA (Reuters) – Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with[...]
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ECB must avoid unnecessary rise in real interest rates – Visco
ROME (Reuters) -The European Central Bank (ECB) must avoid pushing real interest rates too high, given the level of private and public debt in the euro area, a top Italian policymaker said on Saturday[...]
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Nestle to pay ex manager $2.2 million over bullying case – Tages-Anzeiger
ZURICH (Reuters) – Nestle will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, newspaper Ta[...]
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G20 exploring cryptocurrency regulation, India’s finance minister says
By Nikunj Ohri (Reuters) – The Group of 20 (G20) big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday.[...]
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China tightens requirements on classifying banks’ asset risks
SHANGHAI (Reuters) – China on Saturday tightened risk management requirements on banks, requiring them to classify financial-asset risks in a timely and prudent manner, in a bid to better assess[...]
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Chevron agrees to sell Myanmar assets and will exit country
By Sabrina Valle HOUSTON (Reuters) – U.S. oil major Chevron Corp on Friday said it had agreed to sell its assets in Myanmar to Canadian company MTI, in a deal that allows it to leave the Asian c[...]
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Biden plans to bar some U.S. investments in China, track others -sources
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) -The Biden administration plans to outright ban investments in some Chinese technology companies and increase scrutiny of others, three sourc[...]
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IMF says El Salvador’s bitcoin risks have not materialized but ‘should be addressed’
By Brendan O’Boyle (Reuters) – Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency still requires transparency and attentio[...]
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