By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent. Asian markets will be waking up to a jolt of central bank rate hikes and[...]
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June 22, 2023
Exclusive-Fast-fashion giant Shein plans new Mexico warehouse in Latin America push
By Daina Beth Solomon MEXICO CITY (Reuters) – Fast-fashion giant Shein is seeking more warehouse space in Mexico as it expands e-commerce operations in the country, part of the company’s b[...]
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U.S. bank regulators considering tougher rules for banks over $100 billion in size
By Pete Schroeder WASHINGTON (Reuters) – The heads of the Federal Deposit Insurance Corp and the Federal Reserve on Thursday said bank regulators were considering expanding the reach of a strict[...]
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Mexican president pushes new Labor Minister to resolve Grupo Mexico conflict
By Daina Beth Solomon MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday said he will ask incoming Labor Minister Marath Bolanos to meet with mining company Grupo[...]
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UPS workers authorize strike, seen as leverage for pay talks
(This June 16 story has been corrected to fix the date of contract expiration in paragraph 1) By Lisa Baertlein LOS ANGELES (Reuters) – United Parcel Service (UPS) union employees have voted ove[...]
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Meta’s Oversight Board asks Facebook owner to evaluate election integrity efforts
(Reuters) – Meta Platforms’ Oversight Board has asked the social media firm to evaluate efforts to prevent promotion of political violence on its platforms, after it allowed a video callin[...]
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Bankrupt Vice Media plans sale to Fortress Investment-led group
By Yuvraj Malik (Reuters) -A group of buyers including Fortress Investment Group may take over Vice Media after the consortium’s $225-million offer for the bankrupt company emerged as the only[...]
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Fed, ECB may slash bank reserves by 90% in new era of high rates – paper
FRANKFURT (Reuters) – The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest ra[...]
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Brazil’s Americanas rushes to produce new financials, strike deal with debt holders
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to get creditors on side fo[...]
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