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Venezuelan business owners struggling to get access to credit amid their country’s continued economic crisis are seeking loans through foreign banks, business people and finance industry sources told Reuters. Local banks in the South American country offer few loans to Read more
Hass avocado imports from Mexico, the main ingredient of guacamole – a favorite Super Bowl snack – are now worth $4 billion, up from about $2.5 billion two years ago, according to a new study by Texas A&M University. A Read more
London Stock Exchange Group told market participants on Wednesday not to use its systems for transactions that could breach financial sanctions imposed on Russia following its invasion of Ukraine. LSEG suspended trading in Russian listings on its platform after Russia’s Read more
Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail Read more
U.S. oil refinery utilization rates, a measure of how operators view future fuel demand, could top 90% next quarter for the third consecutive period, industry analysts projected, reflecting scant stocks and strong demand for diesel. Historically, utilization rates fall in Read more
The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Rising mortgage rates are increasingly weighing on the interest-rate-sensitive housing sector Read more
China’s onshore yuan extended losses on Wednesday to end the domestic session at its lowest level against the dollar since the global financial crisis of 2008, while the offshore yuan hit a record low, pressured by expectations of more U.S. Read more