(Reuters) – Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to sup[...]
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June 26, 2023
Pakistan central bank raises main interest rate by 100 bps to 22%
Karachi, PAKISTAN (Reuters) -Pakistan’s central bank raised its benchmark interest rate by 100 basis points to 22% at an emergency meeting on Monday, a day after the country revised its budget f[...]
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Siemens Energy share sell-off deepens, takes market value loss to $8 billion
By Christoph Steitz FRANKFURT (Reuters) -Siemens Energy shares fell for a second consecutive session on Monday, hit by a raft of target price cuts and rating downgrades in the wake of deeper-than-expe[...]
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GM’s EV truck customers must wait for Tesla-compatible charge ports
By Paul Lienert (Reuters) – General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado EV pickups before model year 2025, it said on Monday. The U.S. au[...]
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Spirit Aero flags progress in talks with the union
(Reuters) – Spirit Aerosystems said on Monday it had held “constructive and positive meetings” with the U.S. machinists union through the weekend, indicating progress in negotiations[...]
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S&P cuts China GDP forecast as calls for stimulus intensify
BEIJING (Reuters) -S&P Global cut its forecast for China’s economic growth this year, underscoring the uneven nature of the country’s recovery from the pandemic which is spurring calls[...]
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Amazon workers in Leipzig start 48-hour strike for higher wages
(Reuters) – Workers at Amazon’s warehouses in Germany’s eastern city of Leipzig started a 48-hour strike on Monday to press for higher wages, the country’s public sector union[...]
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Analysis-Latin America, after record tightening, could lead way on rate cuts
By Marion Giraldo MEXICO CITY (Reuters) – Latin America’s major central banks, which have led some of the most aggressive tightening over the last two years, may now be poised to lead the[...]
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Philippines agrees $1.14 billion loans with World Bank for environment, farming
MANILA (Reuters) – The Philippines on Monday said it had signed four loan agreements with the World Bank totalling $1.14 billion, including $750 million of budgetary support for policy reforms t[...]
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