Category Archives:
Peru’s GDP growth misses forecasts in December as unrest simmers
LIMA (Reuters) - Peru's economy slowed down for the second month in a row, missing forecasts for the last month of 2022, figures from the national statistics institute showed on Wednesday, as the coun...
Feb 15, 2023
Magna to invest $470 million for expansion in Ontario
(Reuters) - Magna International Inc said on Wednesday it was investing more than $470 million to expand its operations across Ontario, Canada, as it looks to increase its presence across the province....
Feb 15, 2023
FTX customers sue financiers for giving bankrupt crypto exchange an ‘air of legitimacy’
By Jonathan Stempel (Reuters) - Former customers of Sam Bankman-Fried's FTX have sued three venture capital and private equity firms, accusing them in a proposed class action of fraudulently promoting...
Feb 15, 2023
Cable maker Credo slumps on forecast hit as top customer cuts orders
(Reuters) - Credo Technology Group Holding forecast fourth-quarter revenue well below estimates on Tuesday following a cut in orders from the cable maker's largest customer, sending its shares down as...
Feb 15, 2023
FTX bankruptcy judge rejects call for new investigation into crypto exchange’s collapse
By Dietrich Knauth (Reuters) -A U.S. bankruptcy judge on Wednesday denied calls for a new, independent investigation into the collapse of crypto exchange FTX, saying that the proposed investigation wo...
Feb 15, 2023
Carmaker Stellantis to open software development hub in Poland
MILAN (Reuters) - Stellantis said on Wednesday it will open a new software development hub near a manufacturing plant in Poland, staffing it with up to 300 people in the south-western city of Gliwice....
Feb 15, 2023
Amazon’s VC arm leads $20 million funding at entertainment firm Superplastic
(Reuters) - Entertainment company Superplastic said on Wednesday it had raised $20 million in a funding round led by the venture capital arm of Amazon.com Inc as it looks to expand its universe of dig...
Feb 15, 2023
Biden’s IRS nominee says won’t raise audit rates on under-$400,000 earners
WASHINGTON (Reuters) - President Joe Biden's nominee to run the Internal Revenue service pledged on Wednesday not to increase tax audit rates for American households and small businesses earning less ...
Feb 15, 2023
Fintech threat to big banks fizzled in 2022 as rates rose – report
By Hannah Lang (Reuters) - The competitive threat of financial technology companies to big banks diminished over the past year as rising interest rates constricted funding, a new report from Moody's I...
Feb 15, 2023
Ukrainian village renamed after top general fighting Russia
KYIV (Reuters) - A village in the Kharkiv region of eastern Ukraine has been renamed Zaluzhne in honour of Valeriy Zaluzhnyi, the top general in the war against Russia. Halyna Kuts, a deputy on the Kh...
Feb 15, 2023
Peoria, IL, USA
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