(Reuters) – The number of German firms pushed into insolvency rose in the first half of this year at the fastest pace in more than two decades due to the energy crisis, inflation and rising inte[...]
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June 29, 2023
Fed’s Bostic would back rate hike if inflation moves from target
By Padraic Halpin DUBLIN (Reuters) -The Federal Reserve will have to increase rates if prices growth moves away from target or inflation expectations start to move in “a difficult way”, At[...]
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China’s debt relief to poor countries slows amid continuing appeals for support
By Joe Cash BEIJING (Reuters) – The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alone receiving two thirds of deferr[...]
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Brazil’s Lula says inflation targets too ‘rigid’
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday the country’s inflation targets were excessively rigid and renewed criticism of the central bank for hi[...]
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Germany to reject Binance’s bid for a cryptocurrency licence – source
FRANKFURT (Reuters) – German regulators have told Binance they will not grant it a cryptocurrency custody licence, a person with direct knowledge of the matter said on Thursday, the latest in a[...]
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H&M to grow third-party brand strategy as online rivalry intensifies
STOCKHOLM (Reuters) – H&M plans to sell more third-party brands online and in stores, CEO Helena Helmersson said on Thursday, as one of the world’s top fashion retailers ramps up its e[...]
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Eli Lilly to buy Sigilon Therapeutics to expand diabetes treatments
(Reuters) – Eli Lilly and Co said on Thursday it will acquire all the shares of Sigilon Therapeutics that it did not own to gain access to experimental cell therapies that can provide longer-ter[...]
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Analysis-Dollar drought haunts frontier economies
By Duncan Miriri and Marc Jones NAIROBI/LONDON (Reuters) – As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya’s KTDA co-operative prod[...]
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Exclusive-Morgan Stanley board considers next CEO while Gorman clears the decks
By Lananh Nguyen NEW YORK (Reuters) – Morgan Stanley’s board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, a person familiar with the s[...]
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