US banks’ paper losses from two key types of securities they hold rose last quarter due to further stresses in the housing market, according to the Federal Deposit Insurance Corp.
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What you should knowFirst 2024 Canada carbon rebates will be deposited today for some CanadiansThe big benefits of adopting a debt-free lifestyleMost young adults think retiring by 65 is outdated: surveyMany Canadians still feeling squeezed even as debt worries ease: insolvency firmHow to avoid OAS clawbacks and other tax traps in retirementSurvey finds nearly half of Canadians feeling 'stuck at work'IMF Lifts China Growth Forecast to 5% Citing Fast Start to 2024China’s Oil Demand...
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Suzano Is in Talks With Asian Banks to Fund International Paper BidSuzano SA, the world’s largest producer of pulp, is in talks with banks including Mizuho Financial Group, Nomura Holdings Inc. and Mitsubishi UFJ Financial Group on the financing of a potential bid for US packaging giant International Paper Co., according to people familiar with the matter.
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GameStop Shorts Dealt $1.4 Billion Paper Losses in Meme RevivalSkeptics betting against video-game retailer GameStop Corp. are facing a more than $1 billion loss after the company’s share price roughly tripled this month.
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London Evening Standard Cuts Daily Paper for Weekly Publication to Stem LossesLondon’s nearly 200-year-old Evening Standard newspaper plans to abandon its daily print publication, switching to a weekly edition, according to a memo sent to staff, following a tough period for free UK newspapers.
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ECB Scores Win in Push to Prepare Banks for Climate Loan LossesThe number of European banks taking account of environmental risks in their reserves for loan losses has more than tripled in a year, signaling an initial win for the regulator in its effort to prepare for climate change.
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Exclusive-Brazil's Suzano readies $15 billion bid for International Paper, sources sayExplore stories from Atlantic Canada.
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Exclusive-Brazil's Suzano readies $15 billion bid for International Paper, sources sayBrazilian pulp and paper company Suzano has approached U.S.-based International Paper to express interest in an all-cash acquisition that would be worth...
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