By Gleb Stolyarov and Roman Churikov MOSCOW (Reuters) – As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to over[...]
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March 24, 2023
The Fed sees a looming credit crunch. What’s that?
(Reuters) – It’s an old saw: A credit crunch is when your bank won’t lend to you. A credit crisis is when banks won’t lend to each other. Federal Reserve Chair Jerome Powell sa[...]
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Investors question Teck on climate even after Canadian miner’s coal spin-out
(This March 21 story has been corrected to say seven years, not decade, in paragraph 6) By Divya Rajagopal and Simon Jessop TORONTO (Reuters) – Investors have yet to embrace Canadian miner Teck[...]
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Swiss franc grapples with safe-haven identity crisis after Credit Suisse
By Samuel Indyk LONDON (Reuters) -The Swiss franc hasn’t lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a b[...]
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Deutsche Bank settles lawsuit over $1.6 billion Bernard Madoff claims
NEW YORK (Reuters) – Deutsche Bank AG has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it $1.6 billion of claims in the bankruptcy of Bernard Mado[...]
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South Korea’s LGES in talks with Toyota to supply EV batteries -CEO
SEOUL (Reuters) – South Korean battery giant LG Energy Solution Ltd is in talks with Toyota Motors Corp to supply electric vehicle (EV) batteries, LGES Chief Executive Officer said on Friday. Wh[...]
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Ally Financial taps Goldman Sachs executive Hutchinson as CFO
(Reuters) – Ally Financial Inc has hired Russell Hutchinson from Goldman Sachs as its chief financial officer effective July 3, the company said on Friday. Hutchinson has spent two decades worki[...]
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Despite industry headwinds, Bitcoin mining booms in Texas
By Evan Garcia and Dan Fastenberg MCCAMEY, Texas (Reuters) – Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry’s growth in Texas, acc[...]
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Chinese food delivery giant Meituan beats Q4 estimates with 21.4% revenue jump
By Casey Hall SHANGHAI (Reuters) -Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as[...]
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