By Noe Torres MEXICO CITY (Reuters) – The Bank of Mexico is expected to moderate the pace of its monetary tightening, and hike the benchmark interest rate by 25 basis points on Thursday as infla[...]
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March 27, 2023
EU seeks clarification on Italy post-COVID plan, freezes 19 billion euros
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – The European Commission has frozen an overdue 19-billion-euro ($20.50 billion) tranche of post-pandemic funds for Italy, requesting clarificati[...]
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U.S. bank regulators say system is sound, but rules need review
By Pete Schroeder WASHINGTON (Reuters) -Top U.S. banking regulators plan to tell Congress that the overall financial system remains on solid footing after recent bank failures, but will comprehensivel[...]
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Brazil VP wants to convince central bank high interest rate ‘makes no sense’
SAO PAULO (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Monday the government needs to convince the country’s central bank that its high interest rate “makes no s[...]
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Dollar advances against Japanese yen as banking fears ease
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a five-day high against the Japanese yen on Monday as authorities’ efforts to rein in worries over the global banking system helped so[...]
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European shares rebound as banking jitters ebb on SVB deal
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over concerns about banking sector stabil[...]
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Germany at a standstill as huge strike halts planes and trains
By Sarah Marsh and Matthias Williams BERLIN (Reuters) – Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions of people during one of[...]
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Dash don’t dine: U.S. consumers getting selective with leisure reservations
By Doyinsola Oladipo NEW YORK (Reuters) – U.S. consumers are increasingly canceling dinner, night club, and pool cabana reservations as they grow more selective with discretionary spending, acco[...]
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Pakistan defers decision on drug price rise as pharma firms struggle
(Adds names of medicines in short supply, paragraph 11) By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -Pakistan on Monday deferred a decision on a request by pharmaceutical firms to rai[...]
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