Bridgewater dumps bank stocks amid turmoil in first quarter -filings

(This May 15 story has been corrected to say ‘million,’ not ‘billion,’ in paragraph 8) By Carolina Mandl SAO PAULO (Reuters) – Bridgewater Associates, one of the world’s largest hedge funds, sold U.S. bank stocks in the first quarter as the collapse of regional lenders rattled investors, according to regulatory filings. The firm, founded by…

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Biden administration announces $11 billion for rural clean energy projects

By Leah Douglas WASHINGTON (Reuters) -Rural electric cooperatives, utilities, and other energy providers will soon be able to apply for nearly $11 billion in grants and loans for clean energy projects, funded by the $430 billion Inflation Reduction Act signed into law last August, the Biden administration said on Tuesday. Expanding clean energy to rural…

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Brazil’s government eyes tax tweaks to boost revenue -sources

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s Finance Ministry is preparing a new set of initiatives to increase tax revenue, including a review of deductions and exemptions for income tax on individuals, according to three sources familiar with the matter. The potential measures aim to shore up Brazil’s fiscal stability as leftist…

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Taco Bell seeks to cancel smaller rivals’ ‘Taco Tuesday’ trademarks

By Blake Brittain (Reuters) -Yum Brands Inc’ Taco Bell Corp on Tuesday asked the U.S. Trademark Office to cancel two smaller rivals’ “Taco Tuesday” trademarks in what the largest Mexican fast-food chain in the U.S. called a bid to “liberate the phrase for restaurants nationwide.” Taco Bell’s petitions said the trademarks, owned by Gregory’s Restaurant…

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Mexican President: 'No Problem' If Grupo Mexico Buys Citi's Banamex Unit

Mexican President: ‘No Problem’ If Grupo Mexico Buys Citi’s Banamex Unit

By Brendan O’Boyle MEXICO CITY (Reuters) -Negotiations over the sale of Citigroup Inc’s Mexican retail bank Citibanamex are “going really well” and the government is upbeat about conglomerate Grupo Mexico’s possible purchase, President Andres Manuel Lopez Obrador said Tuesday. Lopez Obrador said the mining and transport conglomerate remains one of the possible buyers of the…

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Mexican president: ‘No problem’ if Grupo Mexico buys Citi’s Banamex unit

By Brendan O’Boyle MEXICO CITY (Reuters) -Negotiations over the sale of Citigroup Inc’s Mexican retail bank Citibanamex are “going really well” and the government is upbeat about conglomerate Grupo Mexico’s possible purchase, President Andres Manuel Lopez Obrador said Tuesday. Lopez Obrador said the mining and transport conglomerate remains one of the possible buyers of the…

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