Stay updated with breaking news from M 2cs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Italy's Banca Ifis said on Wednesday that it had bought 2.8 billion euros ($3.24 billion) of unsecured loans from U.S. financial investor Cerberus, its biggest-ever acquisition of non-performing loans (NPLs).
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZXLBF3EONVIAXEA4PVVFXPIPOQ.jpg)
The "socio-environmental" damage brought about by the 2015 rupture of a tailings dam in Brazil owned by miner Samarco is between 37.6 billion reais ($6.73 billion) and 60.6 billion reais, according to a study done by a company contracted by prosecutors to measure the costs of the disaster.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/M37WDAJKUJKU7I7K6F4T4JWBIU.jpg)
Federal Reserve Chair Jerome Powell on Wednesday said it is possible the U.S. job market may have improved enough by the middle of next year to be considered at "maximum employment," a key hurdle to clear for the central bank to consider increasing interest rates.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SC5RVRJN4VIQXIDOYJBNKP3C4E.jpg)
French health authorities reported 10,050 daily new COVID-19 infections on Wednesday, the first time the tally has topped 10,000 since Sept 14.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/VQAFDPJH4NNDZCKZHJIFZI647Y.jpg)
U.S. President Joe Biden said on Wednesday in reaction to Democratic election loss in Virginia that "people are upset and uncertain about a lot of things" and that he will push ahead with his legislative agenda.