Reuters US Economy

Bankrupt Envision Healthcare gets OK to split in two, cut $7 billion debt

11 Oct 2023

By Dietrich Knauth NEW YORK (Reuters) – Envision Healthcare, which is backed by private equity firm KKR & Co and provides outsourced emergency department services to hospitals, on Wednesday received U.S. bankruptcy court approval to split into two companies and cut over $7 billion in debt. U.S. Bankruptcy Judge Christopher Lopez approved Envision’s restructuring at …

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Air New Zealand eyes lower earnings for first half after ‘unique’ 2023

11 Oct 2023

(Reuters) – Air New Zealand on Thursday flagged lower first-half earnings for fiscal 2024 on the back of a recent softness in domestic travel demand, coupled with volatility in jet fuel prices. New Zealand’s flag carrier expects earnings before tax for the first half of 2024 financial year to be between NZ$180 million ($108.36 million) …

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Morgan Stanley sees greater chance for Brazilian IPOs next year

11 Oct 2023

By Paula Arend Laier SAO PAULO (Reuters) – While Brazilian investors have endured two straight years without any local companies launching initial public offerings (IPOs), that could change in 2024, a senior Morgan Stanley executive told Reuters. Marcelo Lo Re, the bank’s head of capital markets in Latin America, argues that conditions have improved, including …

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Fed officials adopted more cautious stance in September as economic uncertainty grew

11 Oct 2023

By Howard Schneider WASHINGTON (Reuters) -A growing sense of uncertainty around the path of the U.S. economy, with volatile data and tightening financial markets posing risks to growth, pushed Federal Reserve policymakers into a newly cautious stance last month, a position reaffirmed by top U.S. central bank officials in a series of statements this week. …

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Colombia’s EPM awards contract worth $254 million for Hidroituango dam

11 Oct 2023

BOGOTA (Reuters) – Colombian company Empresas Publicas de Medellin (EPM) has awarded a contract worth 1.075 trillion pesos ($254 million) to a Colombian-Chinese consortium to finish civil engineering projects at the Hidroituango dam, it said on Wednesday. The consortium is made up of companies including Yellow River Co, LTD Sucursal Colombia and Schrader Camargo S.A.S, …

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Luxair orders four Embraer E195-E2, with options for more

11 Oct 2023

SAO PAULO (Reuters) – Brazilian planemaker Embraer said on Wednesday that Luxembourg carrier Luxair has placed a firm order for four E195-E2 aircraft, while also securing delivery positions for five more. That includes two options and three purchase rights for more aircraft, Embraer said in a statement, adding that the first plane is scheduled to …

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Yellen says oil price cap has ‘significantly’ cut Russia’s revenues

11 Oct 2023

By Andrea Shalal MARRAKECH, Morocco (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday said a G7-led price cap on Russian oil had sharply reduced Russian revenues over the past 10 months, and that it was critical to keep imposing severe and increasing costs on Russia over its war in Ukraine. The war in Ukraine …

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World Bank’s Banga: Interest rates to stay higher for longer

11 Oct 2023

MARRAKECH, Morocco (Reuters) – World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer and complicate investments for companies across the globe. He also told a news conference that wars are extremely challenging for central banks that are trying to find a way to steer their economies towards a …

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Argentina retail prices to maintain double-digit rise in September – Reuters poll

11 Oct 2023

BUENOS AIRES (Reuters) – Argentina’s monthly inflation is forecast to have hit 11.5% in September, according to the median of a Reuters poll of 20 analysts, remaining in the double digits though moderating slightly from its worst rate in 32 years last month. The consumer price index (CPI) rose 12.4% in August, while annual inflation …

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