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US home sales fell to a 12-year low;  A glimmer of hope appears

US home sales fell to a 12-year low; A glimmer of hope appears

Existing home sales fell 1.5% in December Sales fell 17.8 percent in 2022, the largest annual decline since 2008 The median home price increased 2.3% over last year WASHINGTON (Reuters) – U.S. existing home sales fell to a 12-year low in December, but falling mortgage rates fueled cautious optimism that the beleaguered housing market may …

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Genesys Crypto Lending Unit for US Bankruptcy Files

Genesys Crypto Lending Unit for US Bankruptcy Files

Jan. 20 (Reuters) – The lending unit of crypto firm Genesis filed for US bankruptcy protection on Thursday, owing at least $3.4 billion, after being ousted by a market rout along with the likes of FTX exchange and lender BlockFi. Genesis Global Capital, one of the largest cryptocurrency lenders, froze customer refunds on November 16 …

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A Brazilian court grants bankruptcy protection to retailer Americana

A Brazilian court grants bankruptcy protection to retailer Americana

SAO PAULO (Reuters) – A Rio de Janeiro court on Thursday accepted the filing for bankruptcy protection by Brazilian retailer Americana SA (AMER3.SA), days after the company disclosed nearly $4 billion in accounting discrepancies that sparked a dispute. legally with the investment creditors. Americana, a 93-year-old company with stores across Brazil and a major e-commerce …

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Fed policymakers are calling for more interest rate hikes to beat inflation

Fed policymakers are calling for more interest rate hikes to beat inflation

(Reuters) – Federal Reserve policymakers signaled on Wednesday that they would press ahead with rate hikes, with many supporting a higher interest rate of at least 5% even as inflation shows signs of peaking and economic activity slows. “I think we need to continue, and we’ll discuss at the meeting how much more needs to …

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EXCLUSIVE: ECB union says staff have lost faith in leadership on inflation and salaries

EXCLUSIVE: ECB union says staff have lost faith in leadership on inflation and salaries

40% of ECB employees have low or no confidence Two-thirds of them say trust has been damaged 63% worry about the ECB’s ability to protect purchasing power FRANKFURT (Reuters) – European Central Bank staff are losing faith in the institution’s leadership after the European Central Bank’s failure to control inflation and reward wages that undid …

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Goldman missed earnings estimates as deal-making declined and the consumer business took a hit

Goldman missed earnings estimates as deal-making declined and the consumer business took a hit

(Reuters) – Goldman Sachs Group (GS.N.) on Tuesday reported a larger-than-expected 69 percent drop in fourth-quarter profit as it struggled with stagnant deal-making and slumping asset and wealth management revenues booked into its consumer business. Wall Street banks are making deep workforce cuts and streamlining their operations as deal-making activity, their main source of revenue, …

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Stocks rise and the yen rises as the Bank of Japan grapples with falling bond prices

Stocks rise and the yen rises as the Bank of Japan grapples with falling bond prices

The Bank of Japan is under heavy pressure while defending the yield policy The yen rose to a 7-month high, and the yuan rose as the dollar weakened More profits to come, many central bank speakers The British FTSE Index set a record SYDNEY/LONDON (Reuters) – Stocks were boosted on Monday as optimism about corporate …

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Lawyer says failed cryptocurrency exchange FTX has recovered more than $5 billion

Lawyer says failed cryptocurrency exchange FTX has recovered more than $5 billion

FTX was valued a year ago at $32 billion More than $8 billion in FTX client funds are missing Submission of a plan to sell FTX affiliates in court New York/Wilmington, Del. Jan. 11 (Reuters) – Cryptocurrency exchange FTX has recovered more than $5 billion in liquid assets, but the scale of customer losses in …

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