By Marcela AyresDelinquency rates on Brazilian loans not tied to a specific purpose rose to 6.2% in May from 6.1% in April, reaching the highest level since the central bank's data series began in March 2011.The increase for so-called non-earmarked loans came despite the government's launch in earl…
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The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.WHEAT - Up 2 to 9 cents per bushelCORN - Up 4 to 7 cents per bushelSOYBEANS - Up 6 to 15 cents per bushel
Goldman Sachs NYSE:GS on Wednesday named Michael Bosworth as acting general counsel and a member of its core executive leadership team, replacing Kathryn Ruemmler, who stepped down from the role from June 30.Ruemmler resigned this year as chief legal officer and general counsel after documents publ…
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Risks to euro zone inflation and economic growth are now more broadly balanced than a few weeks ago, given the recent fall in oil prices, European Central Bank President Christine Lagarde said on Wednesday.The ECB in its last policy decision said that risks to growth were skewed to the downside, wh…
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By Trevor HunnicuttPresident Donald Trump is traveling to North Dakota on Wednesday to dedicate a museum honoring Theodore Roosevelt, invoking the Republican president's legacy as he promotes a message of American greatness ahead of the Fourth of July holiday.The visit comes as Trump has embraced c…
By Max A. CherneyArtificial intelligence startup Oxmiq said on Wednesday it raised $35 million from investors in order to build chip design architecture and software that will lower the cost of building and running AI applications.Developing a cutting-edge AI chip can cost hundreds of millions of d…
Cigna NYSE:CI said on Wednesday its health services unit Evernorth has launched a new AI-powered specialty pharmacy program to reduce the time it takes to process prescriptions and improve customer service.The program, called Pharmacy Forward, is supported by a $100 million investment through 2028…
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CMA CGM has agreed to acquire FedEx's NYSE:FDX third-party logistics business for an enterprise value of $1.4 billion, the French shipping group said on Wednesday, as it expands its presence in the logistics sector and in the United States.The companies also plan to develop partnerships under which…
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