MEXICO CITY (Reuters) – Mexico saw its annual inflation rate slow for the sixth consecutive month in July to 4.79%, data from statistics agency INEGI showed on Wednesday, continuing a downward t[...]
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August 9, 2023
Clara moves headquarters to Brazil as ‘payment institution’ license secured
By Gabriel Araujo SAO PAULO (Reuters) – Fintech Clara is moving its headquarters from Mexico to Brazil after obtaining a central bank license to operate as a payment institution, a move set to b[...]
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Roblox misses quarterly bookings estimates on lower spending, shares tumble
(Reuters) -Gaming platform Roblox missed estimates for second-quarter bookings on Wednesday as waning demand for its online games and intensifying competition hurt growth, sending its shares down 8% i[...]
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Indonesia says Mitsubishi Motors plans to invest $375 million in 2024
JAKARTA (Reuters) – Indonesia’s industry ministry said on Wednesday Japanese carmaker Mitsubishi Motors was planning to invest 5.7 trillion rupiah ($375.25 million) in 2024 to expand its p[...]
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Kellogg forecasts annual sales of up to $13.6 billion for snacks business ahead of split
(Reuters) – Packaged food maker Kellogg said on Wednesday its snacking business Kellanova is expected to report full-year sales between $13.4 billion and $13.6 billion after Kellogg separates in[...]
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Brazilian consumer prices seen virtually flat in July vs June: Reuters poll
By Gabriel Burin (Reuters) – Brazil’s consumer prices barely rose on the month in July, a Reuters poll of economists estimated, with an expected drop in food costs countered by a probable[...]
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Rising prices for travel do not appear to be curbing wanderlust
By Joanna Plucinska, Rajesh Kumar Singh, Doyinsola Oladipo and Priyamvada C LONDON/CHICAGO/NEW YORK (Reuters) -The post-pandemic travel boom and the high ticket prices that come with it show no signs[...]
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Sri Lanka central bank cuts statutory reserve ratio by 200 bps
By Uditha Jayasinghe COLOMBO (Reuters) – The Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks by 200 basis points to 2%, effective Aug. 16, it said on Wednesday[...]
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China tips into deflation as efforts to stoke recovery falter
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer sector fell into deflation and factory-gate prices extended declines in July, as the world’s second-largest economy strugg[...]
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