By Stephen Culp NEW YORK (Reuters) – Wall Street rallied on Friday to end a volatile week, as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that[...]
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March 3, 2023
Nissan and Mexican workers agree to 9% raise at Morelos plant, union says
MEXICO CITY (Reuters) – Labor representatives at a Nissan Motor Co Ltd plant in the central Mexican state of Morelos have reached an agreement with the Japanese carmaker to hike pay 9% as of Apr[...]
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Sao Paulo govt to hire World Bank to study privatizing water utility
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Sao Paulo’s state government will hire the World Bank’s International Finance Corporation (IFC) in the next few days for studies on t[...]
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Fed’s Barkin says he could see rates at 5.5%-5.75%
PALO ALTO, California (Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he could envision a scenario where the central bank pushes the U.S. benchmark policy i[...]
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Lawyers for ex-Fox execs attack star witness as FIFA corruption trial closes
By Jack Queen (Reuters) – Lawyers for two former 21st Century Fox executives accused of bribing South American soccer officials assailed the credibility of the government’s star witness on Frida[...]
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Rivian stands by 2023 production target despite media report
(Reuters) -Rivian Automotive Inc on Friday said it was sticking to its official production forecast of 50,000 electric vehicles in 2023 after a Bloomberg news report said its executives had told emplo[...]
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Bitcoin falls 5.2% to $22,253
(Reuters) – Bitcoin dropped 5.2% to $22,253 at 2204 GMT on Friday, losing $1,213 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 11.9% from the[...]
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American Airlines, flight attendants union seek mediation in contract negotiations
CHICAGO (Reuters) – American Airlines and its flight attendants union on Friday jointly applied for federal mediation in contract negotiations. The Association of Professional Flight Attendants[...]
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Fed’s Barkin says he doesn’t see case for a rate pause now
PALO ALTO, California (Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he does not understand the case for pausing interest rates now, although delivering ra[...]
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