(Reuters) -Federal Reserve policymakers are seen as far more likely to skip raising interest rates this week after government data Tuesday showed consumer price gains, while still too hot for comfort,[...]
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June 13, 2023
Wells Fargo CFO expects upside in net interest income
NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank had earlier issued guidance fo[...]
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Brazil’s Azul launches exchange offer as part of restructuring plan
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday launched exchange offers aimed at pushing forward bonds originally set to mature in 2024 and 2026, the latest move in a[...]
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Cool US May CPI rise supports Fed pause argument
NEW YORK (Reuters) – U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong,[...]
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BoC to raise rates once more by 25 bps in July to 5.00%: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates again in July to 5.00% after a surprise 25 basis point increase last week, according to economists polled b[...]
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China cuts short-term borrowing costs to support recovery
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market con[...]
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Accenture looks to power AI efforts with $3 billion investment
(Reuters) – Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice, doubling the number of employees that are working with the cutting-edge technology[...]
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Toyota unveils sweeping plans for new battery tech, EV innovation
By Daniel Leussink TOKYO (Reuters) -Toyota will introduce high-performance, solid-state batteries and other technologies to improve the driving range and cut costs of future electric vehicles (EVs), t[...]
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GM, SDI will build $3 billion battery manufacturing plant in Indiana
By David Shepardson (Reuters) -General Motors and Samsung SDI will build a more than $3 billion EV battery cell plant in Indiana scheduled to begin operations in 2026, creating 1,700 jobs, the state[...]
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