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Analysis-Deep distrust of EU leaves Italy’s Meloni in a corner over bailout fund
By Angelo Amante and Giuseppe Fonte ROME (Reuters) - The reluctance of Italy's right-wing coalition to ratify reform of a vital euro zone bailout fund is rooted in a deep distrust of the European Unio...
Syndicated Content Jun 29, 2023
New Zealand passes law guaranteeing bank deposits up to NZ$100,000
SYDNEY (Reuters) - New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it said would strengthen and protect its financial system. The Deposit Takers Bill...
Syndicated Content Jun 29, 2023
Analysis-Dollar drought haunts frontier economies
By Duncan Miriri and Marc Jones NAIROBI/LONDON (Reuters) - As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya's KTDA co-operative produces 3,400 m...
Syndicated Content Jun 29, 2023
H&M hails good start to summer as profit beats forecast
STOCKHOLM (Reuters) -H&M, the world's second-biggest fashion retailer, reported stronger than expected March-May profits on Thursday and said third-quarter sales were also off to a good start as the c...
Syndicated Content Jun 29, 2023
Analysis-Italy’s insurance holes expose state finances to disasters
By Alessandro Parodi, Alberto Chiumento and Andrea Mandala (Reuters) - Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the area last mon...
Syndicated Content Jun 29, 2023
Sri Lanka asks dollar debt holders for 30% haircut
COLOMBO (Reuters) - Sri Lanka is asking foreign investors in its international sovereign bonds to take a 30% haircut and is seeking similar concessions from holders of its other dollar-denominated bon...
Syndicated Content Jun 29, 2023
Renault raises 2023 outlook following success of new launches
(Reuters) -Renault raised on Thursday its financial outlook for full-year 2023 following the success of its new launches, in particular of SUV Austral and Dacia Jogger models. The French car maker, wh...
Syndicated Content Jun 29, 2023
Toyota’s May global sales jump as parts supply shortage eases
TOKYO (Reuters) - Japanese automaker Toyota Motor on Thursday reported a 10% jump in global sales for May from a year earlier, benefiting from growth at home and other key markets on a recovery in the...
Syndicated Content Jun 29, 2023
US yield curve inversions deepen as Fed signals higher rates
By Davide Barbuscia NEW YORK (Reuters) - Several parts of the U.S. Treasury yield curve have reached deeper levels of inversion, a sign that bond investors are increasingly worried about an economic s...
Syndicated Content Jun 29, 2023
Six questions facing US stock investors as 2023’s second half nears
By Lewis Krauskopf NEW YORK (Reuters) - The U.S. stock market has powered higher in the first half of this year despite numerous obstacles, from banking sector turmoil to recurring doubts about the ec...
Syndicated Content Jun 29, 2023
Peoria, IL, USA
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