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U.S. consumers expect near-term inflation bump, medium-term outlook steady

U.S. consumers expect housing prices and other costs to rise in the near term as the economy recovers from the crisis caused by the coronavirus pandemic, but they don’t expect

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Punjab Wheat Procurement Sets a New Record with Smooth DBT Switchover

With a smooth switchover to direct benefit transfer (DBT) of the MSP, Punjab has recorded its highest ever wheat procurement during this year’s rabi season despite the ongoing farmers stir

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Regulators review derivatives margin rules after Archegos meltdown

The meltdown at Archegos Capital Management that triggered big losses at several banks highlighted the need to review rules on posting margin or cash against derivatives trades, the head of

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Iraq formally asks to buy $350 mln Exxon oilfield share

Iraq has formally asked to buy U.S. energy giant ExxonMobil’s (XOM.N) share in one of Iraq’s biggest oilfields, West Qurna 1, the head of the state-run oil operating company said

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Lufthansa aims for 3 bln euro capital increase to repay bailout

Lufthansa (LHAG.DE) is working with Deutsche Bank (DBKGn.DE) and Bank of America (BAC.N) to sound out investors about a capital increase worth roughly 3 billion euros ($3.7 billion), possibly as

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Airbus puts supply chain executive at helm of loss-making A220

Airbus (AIR.PA) has appointed a senior internal supply chain executive to run its Canadian operation, with responsibility for trimming losses on the A220 jetliner series, in the latest in a

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Tyson Foods expects costs to hit profit, lifts revenue outlook

Tyson Foods (TSN.N) warned on Monday that rising costs will hit profits later this year even though the U.S. meatpacker raised its full-year revenue forecast on higher meat prices and

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