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Brazilian court grants bankruptcy protection to retailer Americanas

Brazilian court grants bankruptcy protection to retailer Americanas

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SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …

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Wall St stumbles after weak data, hawkish Fed comments

Wall St stumbles after weak data, hawkish Fed comments

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Fed’s Bullard and Mester raise return rates U.S. retail sales tumble in December Indices down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% Jan 18 (Reuters) – Major Wall Street indexes fell on Wednesday after weak economic data and hawkish comments from Federal Reserve officials raised concerns that the central bank will not suspend interest rate hikes …

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Exclusive: ECB union says staff are losing faith in leadership amid inflation and wages

Exclusive: ECB union says staff are losing faith in leadership amid inflation and wages

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40% of ECB staff have little or no confidence Two-thirds say trust is damaged 63% are worried about the ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This story from Jan 17 has been corrected to restore deleted words in paragraph 11) European Central Bank staff are losing faith in the institution’s …

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Goldman misses earnings estimates as deals slump and consumer business hits

Goldman misses earnings estimates as deals slump and consumer business hits

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Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, …

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S&P 500 closes at month's high, indices gain for a week as earnings kick in

S&P 500 closes at month’s high, indices gain for a week as earnings kick in

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JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of …

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Oil gains 3% on global economic optimism, despite surprise U.S. crude build

Oil gains 3% on global economic optimism, despite surprise U.S. crude build

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China reopens after COVID restrictions, oil demand expected to rise HSBC sees only one U.S. Fed interest rate hike U.S. crude stocks jump in surprise build, biggest since February 2021 Russia sees no problems with oil exports despite sanctions NEW YORK, Jan 11 (Reuters) – Oil prices rose 3% on Wednesday to a week-long high …

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Wall St closes slightly higher after four days of selling

Wall St closes slightly higher after four days of selling

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BOJ policy change rattles global sentiment Tesla drops 8% after brokers cut PT Energy stocks lead gains on crude support Indices up: Dow 0.28%, S&P 0.10%, Nasdaq 0.01% Dec 20 (Reuters) – Wall Street closed slightly higher on Tuesday after four sessions of declines, but investors worried about weak holiday buying and rising bond yields …

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