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Robust US commercial loan growth eases worries of economic slowdown

Robust US commercial loan growth eases worries of economic slowdown

By Utkarsh Shetti April 20 (Reuters) - U.S. banks last week reported a sharp ramp-up in corporate borrowing, offering an early indication of resilience in parts of the economy even as inflationary pressures and broader fears of a slowdown persist.
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US retail sales surge in March on higher gasoline prices

US retail sales surge in March on higher gasoline prices

WASHINGTON, April 20 (Reuters) - U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and receipts at service stations, while tax refunds supported spending elsewhere.
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3M beats quarterly profit estimates as cost-control push swells margins

3M beats quarterly profit estimates as cost-control push swells margins

April 21 (Reuters) - Industrial giant 3M posted a rise in first-quarter profit on Tuesday, as cost-control measures helped offset inflationary and tariff-linked pressures in an uncertain economic environment.
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US homebuilders brace for another challenging year as war, tariffs hurt margins

US homebuilders brace for another challenging year as war, tariffs hurt margins

By Aatreyee Dasgupta April 20 (Reuters) - U.S. homebuilders will likely point to another challenging year as tariffs and the Iran war further squeeze margins, while rising inflation continues to sideline buyers, analysts said.
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Canada's annual CPI rises to 2.4% as Iran war drives up gasoline costs

Canada's annual CPI rises to 2.4% as Iran war drives up gasoline costs

By Promit Mukherjee OTTAWA, April 20 (Reuters) - Canada's annual inflation rate rose to 2.4% in March, with prices jumping 0.9% on the month, as higher crude oil costs drove up gasoline prices, data showed on Monday.  The headline annual inflation rate was last at this level in December.
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D.R. Horton beats annual revenue forecast estimates despite tepid home sales

D.R. Horton beats annual revenue forecast estimates despite tepid home sales

April 21 (Reuters) - D.R. Horton's narrowed forecast for annual revenue still came in above analysts' estimates, despite high interest rates and inflation weighing on the homebuilder's margins. Shares of D.R. Horton were up nearly 4% before the bell on Tuesday.
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Prolonged energy disruption to widen India trade deficit, strain fiscal account, Moody's says

Prolonged energy disruption to widen India trade deficit, strain fiscal account, Moody's says

April 21 (Reuters) - A prolonged disruption in energy supply can widen India's trade deficit and strain the fiscal account of the world's fastest-growing major economy, according to rating agency Moody's.
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Fed nominee Warsh commits to central bank's independence, with limits

Fed nominee Warsh commits to central bank's independence, with limits

By Ann Saphir WASHINGTON, April 20 (Reuters) - Kevin Warsh, U.S.
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Wembanyama Wins NBA Defensive Player of the Year

Wembanyama Wins NBA Defensive Player of the Year

Blazers forward Toumani Camara didn’t receive any votes this time around.
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World's top condom maker Karex to raise prices sharply as Iran war strains supply chain

World's top condom maker Karex to raise prices sharply as Iran war strains supply chain

By Rozanna Latiff KUALA LUMPUR, April 21 (Reuters) - Malaysia's Karex Bhd, the world's top condom producer, plans to raise prices by 20% to 30% and possibly further if supply chain disruptions drag on due to the Iran war, its chief executive said on Tuesday. 
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China targets 100 trillion yuan services sector by 2030 in upgrade push

China targets 100 trillion yuan services sector by 2030 in upgrade push

BEIJING, April 21 (Reuters) - China has unveiled plans to expand its services sector to 100 trillion yuan ($14.67 trillion) by 2030 and upgrade service quality, as it seeks to boost the sector’s role in job creation and consumption.
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Rising Costs of Summer BBQs Due to Middle East Conflict and Cattle Supply Issues

Rising Costs of Summer BBQs Due to Middle East Conflict and Cattle Supply Issues

Rising Costs of Summer BBQs Due to Middle East Conflict and Cattle Supply Issues