Exclusive: Mexico’s Pemex destroyed resources worth $342 million from two top fields
MEXICO CITY, Jan. 18 (Reuters) – Mexico’s state-owned oil company Pemex has illegally burned hydrocarbon wells worth more than $342 million at two of its major new fields in the…
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Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…
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BOJ defies market bets for policy adjustments, causing the yen to tumble
BOJ keeps interest rate targets, yield margin intact BOJ Runs Market Operation Tool, Signals Status Quo On YCC Board raises inflation forecasts but lowers growth forecasts TOKYO, Jan. 18 (Reuters)…
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Goldman misses earnings estimates as deal closings slump and consumer business hits
17 Jan. (Reuters) – Goldman Sachs Group Inc (GS.N) reported a larger-than-expected 69% drop in fourth-quarter earnings on Tuesday as it struggled with a slump in deal closings, a drop…
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Analysis: Bond traders are regaining their swagger in interest-obsessed markets
NEW YORK, January 17 (Reuters) – Bond traders are once again stars on Wall Street. Fixed income, currency and commodities (FICC) traders boosted bank profits last year despite bleak deal…
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European equities close on report that the ECB is considering smaller interest rate hikes
ECB news raises sentiment up close LVMH reaches 400 billion euros in market value Ocado slumps while Ocado Retail’s profits are under pressure 17 Jan. (Reuters) – European stocks reversed…
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Ministers are closing in on global agreement at historic UN nature talks
MONTREAL, Dec. 18 (Reuters) – Negotiators at a UN summit to protect nature moved closer on Sunday to a new global deal that could protect 30% of the world’s land…
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Elon Musk’s suspension of journalists on Twitter has sparked global reactions
Dec. 16 (Reuters) – Twitter’s unprecedented suspension of at least five journalists over claims they revealed owner Elon Musk’s real-time location quickly drew backlash from government officials, advocacy groups and…
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Wall Street ends lower for a third straight day as recession concerns mount
US business activity slumps in December Meta jumps on JP Morgan rating upgrade Adobe climbs on optimistic profit forecast Dow down 0.85%, S&P 500 down 1.11%, Nasdaq down 0.97% NEW…
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Goldman is going to lay off thousands of employees as the number of layoffs on Wall Street increases
NEW YORK, Dec. 16 (Reuters) – Goldman Sachs Group Inc (GS.N) plans to lay off thousands of employees to navigate a tough economic environment, a source familiar with the matter…
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