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...The Bank of Mexico on Thursday cut interest rates for the first time in this cycle, making it the latest major Latin American central bank to begin lowering borrowing costs....
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...In the US, concerns about accidents, noise and interference with other aircraft outweigh interest in convenience....
...Benedict Selvaratnam, who runs Freshfields Market in London, said he had witnessed first-hand the “escalating challenge of shop theft”....
...Metro became the first new high street bank in the UK for a century when it opened its flagship branch in Holborn, in central London, in 2010....
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...Lending by US banks dropped by $36bn in the first three months of the year compared to the end of 2023, the biggest quarterly drop in more than three years....
...Nigeria’s central bank sharply raised interest rates to 22.75 per cent at its first meeting since July as Africa’s most populous country hopes to contain its most severe economic crisis in almost three decades...
...The central bank said recent train and airport strikes could hit production in the first quarter, while order books for industry and construction were “dwindling”....
...Regional US lender New York Community Bancorp revealed it had taken large losses on loans tied to commercial property recently, while Japan’s Aozora Bank and Deutsche Bank warned about the risks from their...
...Japan releases its current account for November and bank lending numbers for December. India publishes its consumer price index for December....
...Buffett first invested in Mitsui, Mitsubishi, Sumitomo, Marubeni and Itochu in 2020 and has since increased his stakes so that Berkshire now holds about 8 per cent in each of them....
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...And an industry built on opacity-as-a-feature isn’t going to embrace this, even if the convenience is attractive....
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