By Karen Brettell NEW YORK (Reuters) – The greenback slipped against a basket of currencies on Monday as investors awaited testimony by Federal Reserve Chair Jerome Powell and jobs data due late[...]
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March 6, 2023
Climate change could cost Latin America 16% of GDP this century, says Moody’s
MEXICO CITY (Reuters) – Climate change could cost Latin America nearly a fifth of its gross domestic product (GDP) by the end of the century without new policies to curb its impact, according to[...]
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Brazil announces pilot for digital currency seeking to leverage financial services
BRASILIA (Reuters) – Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant payment system Pix to populariz[...]
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NY Fed says supply chain pressures normalized in February
By Michael S. Derby NEW YORK (Reuters) – Global supply chains have “returned to normal,” the Federal Reserve Bank of New York said on Monday, with pressures dropping to the lowest si[...]
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Italy may have staved off recession, economy minister says
By Giuseppe Fonte ROME (Reuters) – Italy seems to have avoided an economic recession despite being hit by costly energy prices and record high inflation, Economy Minister Giancarlo Giorgetti sai[...]
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Ukraine economy ministry cuts 2023 GDP growth forecast to 1% – Interfax
KYIV (Reuters) – Ukraine’s economy ministry has lowered its GDP growth forecast for 2023 to 1%, the Interfax Ukraine news agency quoted a deputy minister as saying on Monday. The ministry[...]
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US factory orders fall as civilian aircraft demand dives
WASHINGTON (Reuters) -New orders for U.S.-manufactured goods fell in January, pulled down by a plunge in civilian aircraft bookings, but increases in machinery and a range of other products suggested[...]
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Lordstown Motors loss swells as delivery delays, production costs weigh
(Reuters) – Lordstown Motors Corp on Monday posted a bigger quarterly loss, as the electric-vehicle (EV) maker struggled with production costs and missed the delivery target for its Endurance pi[...]
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China’s Xi urges private firms to ‘be rich and loving’ in pursuit of prosperity for all
By Yew Lun Tian BEIJING (Reuters) -Chinese President Xi Jinping said on Monday private companies should be “rich and loving” by shouldering a responsibility along with state-own firms to a[...]
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