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Argentine Treasury burns through dollars to defend peso as US aid talks loom

9 Oct 2025

By Walter Bianchi BUENOS AIRES (Reuters) -Argentina’s Treasury is rapidly depleting its dollar reserves to defend the peso, straining financial markets on Wednesday as funds from a special deal with agricultural exporters run low weeks before midterm elections. Traders estimate the Treasury, under the Economy Ministry, has sold around $2 billion in recent sessions to …

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New York City sues social media companies for allegedly addicting children

9 Oct 2025

By Jonathan Stempel NEW YORK (Reuters) -New York City filed a new lawsuit accusing Facebook, Google, Snapchat, TikTok and other online platforms of fueling a mental health crisis among children by addicting them to social media. Wednesday’s 327-page complaint in Manhattan federal court seeks damages from Facebook and Instagram owner Meta Platforms, Google and YouTube …

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US SEC probes MassMutual over accounting practices, WSJ reports

9 Oct 2025

(Reuters) -U.S. regulators are investigating Massachusetts Mutual Life Insurance over its accounting practices in investment operations, the Wall Street Journal reported on Wednesday. The Securities and Exchange Commission has issued subpoenas seeking information about MassMutual’s bookkeeping around income on billions of dollars of loans it holds in its general investment account, the report said, citing …

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Alliance Laundry raises $826 million in US IPO

8 Oct 2025

(Reuters) -Alliance Laundry priced its upsized New York initial public offering at the top end of its marketed range, raising $826.3 million, the commercial laundry equipment maker said on Wednesday, adding to continued IPO activity amid a U.S. government shutdown. The Ripon, Wisconsin-based company and its backer, BDT Capital Partners, sold 34.1 million shares at …

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Disney raises admission prices for its theme parks during key holidays

8 Oct 2025

(Reuters) -Disney said on Wednesday it will raise prices for certain tickets to its theme parks in the U.S. during key holidays such as the Thanksgiving week and New Year’s Eve. Prices for one-day tickets to Walt Disney World Resort in Orlando, Florida, will exceed the current $199 top price point, beginning with the holidays …

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Exclusive-GM backtracks on plan to claim last-minute EV tax credits

8 Oct 2025

By Mike Colias and David Shepardson (Reuters) -General Motors is scrapping a program aimed at allowing its dealers to continue offering a $7,500 tax credit for several months on electric-vehicle leases following the September 30 expiration of the federal subsidy, the company said on Wednesday. Toward the end of last month, GM devised a plan …

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Goldman Sachs’ Spain and Portugal co-head Alvaro del Castano to retire after 30 years

8 Oct 2025

(Reuters) -Goldman Sachs Group said in an internal memo seen by Reuters that Alvaro del Castano, its co-head for Spain and Portugal and in charge of private wealth management in the region, will retire after more than three decades at the bank. He is leaving the bank after writing opinion pieces critical of U.S. President …

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Exclusive-Ford F-150 Lightning plant hit by aluminum fire-related shutdown, union official says

8 Oct 2025

By Nora Eckert DETROIT (Reuters) -Ford Motor is pausing production next week at the Dearborn, Michigan, plant that makes its F-150 Lightning electric pickup, a change a union official at the plant says is related to a disastrous fire at a supplier’s New York aluminum factory. The September 16 fire at a Novelis plant is …

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Panama Canal posts $5.7 billion in FY2025 revenue, transits jump 19%

8 Oct 2025

PANAMA CITY (Reuters) -The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said in a statement on Wednesday. The canal also reported that vessel transits increased 19.3% year-on-year to 13,404 during the 12-month period, which ended on September 30. Container and …

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