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Russia makes early debt payment dash to dodge default

Russia makes early debt payment dash to dodge default

by Reuters | May 20, 2022 | Business, Economy, Europe, Politics, US

By Karin Strohecker LONDON (Reuters) -Russia rushed forward two payments on its international debt on Friday in its latest attempt to stave off a default that has looked on cards since its invasion of Ukraine. A week before the interest payments are due and just five...
U.S. House passes bill to fight oil and gas price gouging

U.S. House passes bill to fight oil and gas price gouging

by Reuters | May 19, 2022 | Business, Politics, Top News, US

WASHINGTON (Reuters) -The U.S. House passed a bill on Thursday that allows the U.S. president to issue an energy emergency declaration, making it unlawful for companies to excessively increase gasoline and home fuel prices. The bill must pass the Senate, which is...
U.S. housing market cooling as building permits tumble, starts fall

U.S. housing market cooling as building permits tumble, starts fall

by Reuters | May 18, 2022 | Business, Economy, US

By Lucia Mutikani WASHINGTON (Reuters) – Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers. But...
Twitter’s account of deal shows Musk signing without asking for more info

Twitter’s account of deal shows Musk signing without asking for more info

by Reuters | May 18, 2022 | Business, Economy, Technology, US

By Greg Roumeliotis and Tom Hals (Reuters) – Twitter Inc published its account on Tuesday of its deal negotiations with Elon Musk, showing he opted out of asking the questions about the social media company’s business he has now cited in declaring the $44...
Wall Street ends sharply higher, fueled by Apple

Wall Street ends sharply higher, fueled by Apple

by Reuters | May 17, 2022 | Business, Economy, US

By Noel Randewich and Amruta Khandekar (Reuters) – Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten of the 11 major S&P...
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