BUENOS AIRES (Reuters) – Analysts consulted by Argentina’s central bank expect surging consumer prices to rise slightly this year, the bank said on Friday, which would mark a second straig[...]
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Latin America
Mexico in talks with top carmakers to make electric vehicles, foreign minister says
By Stefanie Eschenbacher MEXICO CITY (Reuters) – Mexico is gearing up to build several manufacturing hubs for electric vehicles across the country, Foreign Minister Marcelo Ebrard told Reuters,[...]
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Cargo airlines have until July to move flights from Mexico’s capital airport
MEXICO CITY (Reuters) – Cargo airlines operating out of Mexico’s busiest airport will have until July to leave the hub, a decree published in the country’s national gazette Thursday[...]
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Investor Ryan Cohen takes stake in Nordstrom – WSJ
(Reuters) – Activist investor Ryan Cohen is racking up a sizable stake in Nordstrom Inc and plans to urge the department-store chain to make changes to its board after a decline in share prices,[...]
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Santander books record 9.6 billion euro profit for 2022 on lending income
By Jesús Aguado MADRID (Reuters) – A solid rise in revenues and lending income allowed Spain’s Santander to post an 18% jump in profit to a record 9.6 billion euros in 2022, offsetting hig[...]
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Japan utilities boost efforts to cut coal import costs, improve energy security
By Yuka Obayashi TOKYO (Reuters) – Japanese power utilities are stepping up efforts to cut thermal coal import costs by switching to lower quality grades and widening import sources, company off[...]
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Exclusive-Grupo Mexico clears major Citi deal hurdle with $5 billion debt package -sources
By David French and Andres Gonzalez (Reuters) – Grupo Mexico, the conglomerate controlled by billionaire German Larrea, has secured a $5 billion debt package for its proposed acquisition of Citi[...]
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Brazil’s Americanas requests financing of at least $197 million -filing
(Reuters) – Brazilian retailer Americanas SA has requested debtor-in-possession financing of at least 1 billion reais ($197.12 million) as part of its bankruptcy process, according to a securiti[...]
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Exxon smashes Western oil majors’ profits with $56 billion in 2022
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not on[...]
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