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JERUSALEM (Reuters) -U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country. The factory in Kiryat Gat is due to open in 2027, to operate through 2035 at least and to employ thousands of people, …

Intel to invest $25 billion in Israel factory in record deal, Netanyahu says Read More »

By Walter Bianchi and Rodrigo Campos BUENOS AIRES/NEW YORK (Reuters) – Argentina and the International Monetary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp the country’s huge, wobbling debt deal, key to avoiding default on billions in looming debt payments. The South American country, …

Analysis-Argentina faces crunch IMF talks to defuse looming debt bomb Read More »

(Reuters) – Microsoft said on Friday that the outages that affected certain services of the company through some of the earlier days of this month were the result of cyberattacks, but said it saw no evidence of any customer data being accessed or compromised. “Beginning in early June 2023, Microsoft identified surges in traffic against …

Microsoft says early June service outages were cyberattacks Read More »

(Reuters) – WestJet group is planning to wind down low-cost carrier Sunwing Airlines and integrate it into its main business, according to a memo seen by Reuters. The move is part of the integration process by WestJet which completed the acquisition of Sunwing airlines in May. Once the integration is complete, all Sunwing employees will …

WestJet to shut down Sunwing Airlines Read More »

(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman Sachs cited in a Bloomberg report on Saturday. “Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling,” …

Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group’s Scott Bommer, who oversaw its hedge fund unit’s growth strategy Horizon platform, is leaving the company for health reasons, according to two people familiar with the matter. Bommer, a former hedge fund manager, joined Blackstone in 2021 as a senior managing director when the company was …

Exclusive-Blackstone’s Horizon head Scott Bommer to leave company Read More »

TEGUCIGALPA (Reuters) – Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing to fewer remittances and pressures on the energy and farm sectors stemming from drought conditions. The Central American country’s economy expanded by 4% last year, according to official …

IMF sees Honduran economic growth slowing to about 3% in 2023 Read More »

SAN JOSE (Reuters) – The World Bank approved a new $500 million loan to Costa Rica aimed at strengthening support for the government’s budget, according to a statement from the international lender released on Friday. The loan will support the Central American country’s post-pandemic efforts to grow employment and wages and assist small and medium-sized …

World Bank green lights $500 million loan to boost Costa Rica’s budget Read More »