By David Lawder and Andrea Shalal WASHINGTON (Reuters) -World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward to 2% from a[...]
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April 10, 2023
TSMC talking to US about CHIPS Act ‘guidance’ amid subsidy concerns
TAIPEI (Reuters) -Taiwanese chipmaker TSMC said on Monday it is communicating with Washington about its “guidance” for a law designed to boost U.S. semiconductor manufacturing that has spa[...]
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Take Five: An uneasy calm
(Reuters) – The balancing act between slowing growth and sticky price pressures is top of the agenda ahead of U.S. inflation data and the World Bank and IMF Spring Meetings in Washington. Kazuo[...]
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U.S. IRS to hire nearly 20,000 staff over two years with $80 billion in new funds
(This April 6 story has been corrected to reflect an IRS clarification that full-time-equivalent hiring figures for FY 2024 are cumulative with FY 2023 figures, not in addition to FY 2023 figures) By[...]
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U.S. money market funds see fourth weekly inflow in a row
(Reuters) – U.S. money market funds drew inflows for a fourth straight week on worries about an economic slowdown after data pointed to slowing production and a cooling labor market. According t[...]
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Global money market funds witness inflows for sixth straight week
(Reuters) – Global money market funds continued to attract strong inflows in cautious trade in the week ended April 5 as a raft of economic data during the week signalled weakening in the U.S. m[...]
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New BOJ chief vows to stick to ultra-loose policy for now
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s new central bank governor Kazuo Ueda said it was appropriate to maintain the bank’s ultra-loose monetary policy for no[...]
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Mexico’s automotive production and exports rise in March
(Reuters) – Mexican automotive production and exports rose in March from the same month a year earlier, data from the national statistics agency (INEGI) showed on Monday. Production increased by[...]
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Virgin Orbit’s would-be white knight and a $200 million rescue that fell flat
By Joey Roulette and Kevin Krolicki (Reuters) -As the fortunes of Richard Branson’s Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering[...]
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