Economy 13 April 2023, 4:32 pm 1 minute Sources exclusively revealed to Reuters that Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform program. While the IMF is still evaluating the country’s debt sustainability, an initial analysis calculated that Ethiopia is set to face a …
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EconomyGovernment 18 April 2023, 4:19 pm 1 minute Efraín Alegre, Paraguay’s main opposition presidential candidate exclusively told Reuters he will favor “austerity” to cut public sector spending over raising taxes on the country’s farmers if he wins the country’s April 30 election. Market Impact Paraguay is the global No. 6 soybean producer, most of which …
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Business & FinanceEconomy 03 February 2023, 6:03 pm 1 minute Reuters was first to report that Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars. While Western sanctions against Moscow are not recognised by India, and purchases of Russian oil …
EconomyEnergy 20 February 2023, 6:53 pm 1 minute Reuters proprietarily analyzes the economies of Pakistan and Bangladesh amidst a shortage of imported gas. With just over a month until peak Ramadan shopping season, the head of Pakistan’s retail industry body is pressing officials to relax orders that forced malls to shut by 8.30 p.m. to …
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Business & FinanceEconomyGovernment 20 February 2023, 7:39 pm 1 minute Reuters exclusively revealed that the United States’ sanctions authority has launched an inquiry into Raiffeisen Bank International over its Russian business, increasing scrutiny of the Austrian lender that plays a critical role in the Russian economy. The request, part of Washington’s renewed push to financially …
23 February 2023, 3:50 pm 1 minute Reuters exclusively revealed that an informal group of international bondholders has proposed to Ethiopia’s government to extend the maturity of the country’s $1 billion eurobond issue coming due in 2024. The sources said the proposal to extend the eurobond maturity foresees a coupon of 6.625% – the same …
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Business & FinanceEconomy 24 February 2023, 4:04 pm 1 minute Reuters exclusively reported that U.S streaming giant Netflix Inc (NFLX.O) is preparing to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment. A local office would make Netflix the first major U.S tech firm with a direct presence …
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EconomyTechnology 24 February 2023, 7:53 pm 1 minute Reuters was first to report that Ericsson will lay off 8,500 employees, citing a memo sent to employees and confirmed by Ericsson. This layoff demonstrates that the recent job cuts within the tech industry are moving to other sectors, with this being the first major layoff by …
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Economy 25 February 2023, 6:48 pm 1 minute Reuters reported first that Argentina’s government was in talks with the International Monetary Fund to lower its foreign exchange reserve targets for this year under its $44 billion program with the Washington-based lender. The talks come as the South American commodities exporter is facing the worst drought …
Economy 05 March 2023, 7:23 pm 1 minute Reuters was 39 minutes ahead in breaking the news that China had set an economic growth target of around 5% for 2023 – an eagerly awaited number that ranks as one of the most important data points in global economics. The target for the world’s second-largest economy …
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