By Kylie Madry MEXICO CITY (Reuters) – Latin American property technology startup Tuhabi is set to receive a $50 million credit line from the Inter-American Development Bank’s (IDB) financ[...]
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June 1, 2023
Aircraft parts supplier Incora files for bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – Aerospace supplier Incora filed for Chapter 11 protection on Thursday, citing depressed demand for aircraft maintenance and litigation over its efforts to[...]
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Goldman Sachs to cut more jobs, eyes sharp fall in markets revenue
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs Group Inc plans to cut more jobs as a difficult economic environment weighs on dealmaking and trading revenue may slump 25% this quar[...]
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Sri Lanka surprises with 250 bps rate cut, signals rebound from crisis
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – In a sign of confidence that the worst of Sri Lanka’s financial crisis is over, its central bank surprised markets by cutting intere[...]
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Global equities rise, U.S. yields fall after debt ceiling bill advances
By Chibuike Oguh NEW YORK (Reuters) – Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as[...]
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IKEA stores owner Ingka starts on first New Zealand store
By Marie Mannes STOCKHOLM (Reuters) – IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Zealand, which it predicts will be followed by othe[...]
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Dollar stumbles as signs point to Fed skipping June rate hike
By Hannah Lang (Reuters) – The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectat[...]
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US lawmakers say Brazil low-carbon fuel program blocks US companies
By Marcelo Teixeira NEW YORK (Reuters) – A group of U.S. congressmen have formally complained about what they call unfair ethanol trade practices by Brazil that includes a blockade of U.S. compa[...]
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Microsoft inks computing infra deal with CoreWeave – CNBC
(Reuters) – Microsoft Corp may spend billions of dollars over multiple years on computing infrastructure from start-up CoreWeave, CNBC reported on Thursday, citing people familiar with the matte[...]
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