Banks behind troubled Brazil coffee traders could take $181 mln hit

Business and Finance Business and Finance

Tue, December 3, 2024

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Shop Our 80+ Favorite Amazon Cyber Monday Kitchen Deals, Up to 74% Off

[ Tue, Dec 03rd 2024 ] - Terrence Williams

Pools, fixtures and kick-off times for Cape Town Sevens

[ Tue, Dec 03rd 2024 ] - Terrence Williams

WWE Monday Night Raw Preview & Live Streaming: Where and How to watch in India and USA?

[ Tue, Dec 03rd 2024 ] - Michael Jones

Spotify Wrapped 2024: When is it released and where can I find it?

[ Tue, Dec 03rd 2024 ] - Michael Jones

Orion Innovation and Royal Belgian Football Assoc .. evolutionize Belgian Football's Digital Ecosystem

[ Tue, Dec 03rd 2024 ] - Michael Jones

Vikrant Massey reveals TRUTH behind his post hinting at retirement: 'Home and health are...'

[ Tue, Dec 03rd 2024 ] - Michael Jones

South Korean actor and rapper Park Min-Jae passes away at 32 due to cardiac arrest

[ Tue, Dec 03rd 2024 ] - Phil Bruner

When to Go in 2025: Top Wellness Holiday Destinations

[ Tue, Dec 03rd 2024 ] - Phil Bruner

35 Best Wellness Gifts for the Health Gurus Who Have It All

[ Tue, Dec 03rd 2024 ] - Tim Hastings

A*STAR and KoolLogix launch $8 mil joint lab to d .. op advanced cooling solutions for AI data centres

[ Tue, Dec 03rd 2024 ] - Thomas Matters

The Stock Market Has Done This Just 10 Times in 30 Years, and It May Signal a Big Move in 2025

[ Tue, Dec 03rd 2024 ] - Thomas Matters

Robinhood Is Taking on Charles Schwab and Fidelity. What It Means for the Stock.

[ Tue, Dec 03rd 2024 ] - Thomas Matters

What is Cryptocurrency and How Does it Work?

[ Tue, Dec 03rd 2024 ] - Bill Williamson

France faces 'moment of truth' with government on brink of collapse

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Queensland hydro project three years late and $4bn over budget

[ Tue, Dec 03rd 2024 ] - Michael Jones

Eddie Butita Denies Being Single, Says Girlfriend Dislikes Publicity

[ Tue, Dec 03rd 2024 ] - Michael Jones

'Goal achieved': Chinese celebrity couple Huang Zitao and Xu Yiyang marry

[ Tue, Dec 03rd 2024 ] - Tim Hastings

Prescribing AI: All Docs Need More Tech Training

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Lighthouse Canton Releases Venture Debt Report, H .. h of Non-Dilutive Financing for Startups in India

[ Tue, Dec 03rd 2024 ] - Bill Williamson

REITs in India: 24% returns and 60% of office space ready for investment

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Ministers for Health and Disability lost their seats. One reason for it is all politics is local

[ Tue, Dec 03rd 2024 ] - Michael Jones

Gotham Awards 2024: Full list of winners by category

[ Tue, Dec 03rd 2024 ] - Tim Hastings

International Conference Greece and India | Bridges of Culture, Science and Entrepreneurship

[ Tue, Dec 03rd 2024 ] - Tim Hastings

Over the weekend, China debuted a new rocket on the nation's path to the Moon

[ Tue, Dec 03rd 2024 ] - Aaron Neefham

12 Fascinating Car Museums In Michigan That Will Rev Up Your Excitement

[ Tue, Dec 03rd 2024 ] - Aaron Neefham

12 Hidden Automotive Gems In Michigan Where You'll Discover Classic Cars

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Upper Crust owner SSP posts 23% rise in annual profit

[ Tue, Dec 03rd 2024 ] - Brian Stokes

There's a Good Reason Why RFK Jr.'s Views on Health Resonate With So Many Americans

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Egypt's non-banking finance hit $13bln in 9 months: FRA

[ Tue, Dec 03rd 2024 ] - Brian Stokes

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[ Tue, Dec 03rd 2024 ] - Brian Stokes

Politics latest: Return of Elgin Marbles 'not on the agenda' as Starmer meets Greek PM today

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Transfer news and rumors

[ Tue, Dec 03rd 2024 ] - Terrence Williams

Preview: Peterborough United vs. Burton Albion - prediction, team news, lineups

[ Tue, Dec 03rd 2024 ] - Terrence Williams

The National Finals Rodeo Begins This Week In Las Vegas

[ Tue, Dec 03rd 2024 ] - Michael Jones

Ukhozi FM Song of the Year List Draws Mixed Responses From Netizens: "Mthandeni SK Will Win This"

[ Tue, Dec 03rd 2024 ] - Michael Jones

DJ Sadic Savagely Responds to Lady Who Labeled Him Walking Red Flag: "Not Towards You"

[ Tue, Dec 03rd 2024 ] - Michael Jones

Congratulations Rain As Nollywood Star and Beauty Queen Princess Chineke Joins United States Army

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Build Muscle and Get Lean With the 4-1-1 Workout Routine!

[ Tue, Dec 03rd 2024 ] - Tim Hastings

NASA's Solar Dynamics Observatory datacenter flooded, offline until 2025

[ Tue, Dec 03rd 2024 ] - Tim Hastings

Apple will give you a free gift in time for Christmas if your iPhone is on this list

[ Tue, Dec 03rd 2024 ] - Tim Hastings

Science tourism pushed in Leyte province

[ Tue, Dec 03rd 2024 ] - Thomas Matters

A 7% dividend yield but down 16%! Is this mining giant a no-brainer?

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Indonesia offers six oil and gas blocks in second 2024 auction

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Starmer turns charmer

[ Tue, Dec 03rd 2024 ] - Phil Bruner

"Have Zero Interest In Other People": 54 Of The Least Attractive Personality Traits

[ Tue, Dec 03rd 2024 ] - Michael Jones

'Amaran' actor Sivakarthikeyan on facing social m .. ck my account, and that will be my first success!

[ Tue, Dec 03rd 2024 ] - Phil Bruner

8 Christmas workouts personal trainers swear are quick, effective, and most importantly, fun

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Walking At This Speed Could Help Double Your Fat Loss, Recent Study Suggests

[ Tue, Dec 03rd 2024 ] - Phil Bruner

How Eight Sleep Built an Health-Tech Empire From the Bedroom

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Non-fitness fans unite: Eight exercise hacks to give your health a boost

[ Tue, Dec 03rd 2024 ] - Tim Hastings

A*Star, thermal management company KoolLogix unve .. oint lab to develop data centre cooling solutions

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Biden pardons son Hunter as Trump forges ahead with presidential transition

[ Tue, Dec 03rd 2024 ] - Phil Bruner

The gift of reading: 14 books to inspire the young readers in your life

[ Tue, Dec 03rd 2024 ] - Terrence Williams

I-League 2024-25 Matchday 3 Live Streaming: Fixtu .. s, When And Where To Watch - All You Need To Know

[ Tue, Dec 03rd 2024 ] - Michael Jones

The Boys Season Five: Everything You Need to Know

[ Tue, Dec 03rd 2024 ] - Aaron Neefham

Switzerland's Feintool plans cuts in Germany, cites weakness in EV market

[ Tue, Dec 03rd 2024 ] - Aaron Neefham

Turkish auto sales rise 5.3% year-on-year in Nov, association says

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Maritime Makeover: Government introduces Coastal .. ping Bill in Lok Sabha to boost India's sea power

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Politics latest: 'Significant shift' as PM says U .. in strongest possible position for negotiations'

[ Tue, Dec 03rd 2024 ] - Michael Jones

Kenyan TikToker Attracts Backlash after Stating Childless People Over 30 Have Issues

[ Tue, Dec 03rd 2024 ] - Michael Jones

Briefly Awards Nominee King Monada Joins Viral 'W .. Listen We Don't Judge' Challenge on Social Media

[ Tue, Dec 03rd 2024 ] - Tim Hastings

Famed wildlife biologist meets China's leading experts on wildlife conservation

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Zelenskyy: 'Russia must acknowledge its crimes and go to hell'

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Did Trump suggest Canada become 51st state and of .. Trudeau to become its Governor? Here are details

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Accept Sukhbir's resignation, reorganise Akali Dal in 6 months: Sikh clergy

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Kenyan newspapers review, December 3: William Ruto takes on Gachagua and allies over criticism

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says

[ Tue, Dec 03rd 2024 ] - Thomas Matters

Lululemon Athletica: Strong Growth Prospects Driven by Chinese Market and E-commerce Expansion

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Commonwealth bank announces major changes to everyday accounts and additional cash withdrawal fees

[ Tue, Dec 03rd 2024 ] - Brian Stokes

'Abuse and violence cast dark shadow over shopworkers - we must change that'

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Landslide? Trump's ultimate goal is minority rule

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Will RBI announce a rate cut? MPC meet date, time, and what to expect

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Following Hunter Biden pardon, prosecutors push back against criticism of charges

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Where will FF/FG find common ground with Labour and Social Democrats? Housing

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Constantly thinking about eating? What to know about food noise and ways to deal

[ Tue, Dec 03rd 2024 ] - Tim Hastings

NASA's Solar Dynamics Observatory datacenter flooded

[ Tue, Dec 03rd 2024 ] - Thomas Matters

Jeff Bezos is betting millions on a Nvidia rival

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Prosus invests $100 million in Vastu Housing Finance, acquires minority stake

[ Tue, Dec 03rd 2024 ] - Terrence Williams

Previewing the SEC/ACC Challenge Matchups: Which Conference Will Prevail?

[ Tue, Dec 03rd 2024 ] - Terrence Williams

How analysing fans' behaviour helped a marketing agency win big

[ Tue, Dec 03rd 2024 ] - Terrence Williams

Saukuru backs FSC for sports festival next year

[ Tue, Dec 03rd 2024 ] - Michael Jones

Hypefest Hong Kong 2024: An Unforgettable Weekend of Music, Art, and Community

[ Tue, Dec 03rd 2024 ] - Phil Bruner

This trainer's treadmill walking workout will hel .. and boost your cardio fitness in just 30 minutes

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Widnes Vikings undertake fitness tests at Wrexham University

[ Tue, Dec 03rd 2024 ] - Tim Hastings

EU project sets-up food fraud community

[ Tue, Dec 03rd 2024 ] - Tim Hastings

Inside CEBAF: The Particle Accelerator Powering Four Decades of Innovation in Nuclear Science

[ Tue, Dec 03rd 2024 ] - Tim Hastings

Meeting with participants of the Fourth Young Scientists Congress

[ Tue, Dec 03rd 2024 ] - Tim Hastings

Two UPD-CS Professors win 2024 NSTW Research, Development Award

[ Tue, Dec 03rd 2024 ] - Thomas Matters

An active 'ethical' MF scheme comes to market aft .. ears. Chirag Mehta of Quantum MF explains trigger

[ Tue, Dec 03rd 2024 ] - Michael Jones

Get the Bissell Little Green Portable Cleaner Bundled With Febreze for Less Than $95 on Amazon

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Gainesville Health and Fitness: Healthy habits during the holidays

[ Tue, Dec 03rd 2024 ] - Phil Bruner

Digestive health during wedding season: Avoid overeating, fight bloating, move more

[ Tue, Dec 03rd 2024 ] - Thomas Matters

Top 10 mutual funds to invest in December 2024

[ Tue, Dec 03rd 2024 ] - Thomas Matters

2 fantastic ASX growth stocks to buy and hold for 10 years

[ Tue, Dec 03rd 2024 ] - Bill Williamson

Exclusive: Netflix star Ryan Serhant raises $45 m .. ion to disrupt the real estate brokerage business

[ Tue, Dec 03rd 2024 ] - Brian Stokes

Israel's war sparks cash crisis in Gaza with torn banknotes and severe currency shortages

Mon, December 2, 2024

[ Mon, Dec 02nd 2024 ] - Michael Jones

Amitabh Bachchan shares yet another cryptic post .. Bachchan's divorce rumours; says 'Chup Chaap...'

[ Mon, Dec 02nd 2024 ] - Phil Bruner

Breaking News, Headlines and Stories | National Post

[ Mon, Dec 02nd 2024 ] - Phil Bruner

Health benefits of castor oil in your navel: Improve digestion, lower stress, manage period pain

[ Mon, Dec 02nd 2024 ] - Tim Hastings

'Fundamental sciences important in developing talent for future'

[ Mon, Dec 02nd 2024 ] - Thomas Matters

What is an IPO?

[ Mon, Dec 02nd 2024 ] - Thomas Matters

Boeing: Selling $83 Billion Of Inventories Is Essential To A Stronger Buy

[ Mon, Dec 02nd 2024 ] - Thomas Matters

Hedge funds profit from 'Trump trades' around US election

[ Mon, Dec 02nd 2024 ] - Brian Stokes

Influential retired FBI leader says agents back Kash Patel as next director: 'He's the right fix'

[ Mon, Dec 02nd 2024 ] - Brian Stokes

Concerns raised over Trump's FBI nominee's agenda and qualifications

[ Mon, Dec 02nd 2024 ] - Terrence Williams

Star skier Mikaela Shiffrin out 'a few weeks minimum' after fall during World Cup race

[ Mon, Dec 02nd 2024 ] - Michael Jones

Holiday Touchdown: Taylor and Travis fans will love Hallmark's Chiefs-themed holiday romance

[ Mon, Dec 02nd 2024 ] - Michael Jones

Christmas in the Spotlight: A love story straight out of Taylor Swift and Travis Kelce's playbook

[ Mon, Dec 02nd 2024 ] - Phil Bruner

What Happens If You Drink Chia Seeds And Lemon Water Every Day?

[ Mon, Dec 02nd 2024 ] - Phil Bruner

Read Bollywood News

[ Mon, Dec 02nd 2024 ] - Phil Bruner

10 health signs to check before you buy, cut, cook cauliflower

[ Mon, Dec 02nd 2024 ] - Brian Stokes

Hunter Biden pardon fuels Trump's 'weaponization' arguments

[ Mon, Dec 02nd 2024 ] - Bill Williamson

Thai Finance Minister says room for rate cut as inflation is low

[ Mon, Dec 02nd 2024 ] - Brian Stokes

Romania's Trump Explained: Rejecting 'Forever Wars' and Woke Politics

[ Mon, Dec 02nd 2024 ] - Phil Bruner

Amazon's Cyber Monday Sale Has Jaw-Dropping Kitchen Deals, and These Are the 25 Best

[ Mon, Dec 02nd 2024 ] - Terrence Williams

'Sink or swim': How AFL legend became a great post-career too... and the secret to his success

[ Mon, Dec 02nd 2024 ] - Michael Jones

Star Trek's Most Embarrasing Crutch Is Now An Important Lesson

[ Mon, Dec 02nd 2024 ] - Michael Jones

Sean 'Diddy' Combs' Freak-Off Guests Are Coming to His Defense According to Source

[ Mon, Dec 02nd 2024 ] - Tim Hastings

'Made-in-India paracetamol to hit market next year'

[ Mon, Dec 02nd 2024 ] - Aaron Neefham

Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions

[ Mon, Dec 02nd 2024 ] - Thomas Matters

Thesis Gold Upsizes Previously-Announced Private Placement To $10 Million

[ Mon, Dec 02nd 2024 ] - Brian Stokes

Kate returns for Qatar state visit - but Queen to miss start

[ Mon, Dec 02nd 2024 ] - Phil Bruner

Only a Few Hours Left: Snag This Breville Espresso Machine for $200 Off While You Still Can

[ Mon, Dec 02nd 2024 ] - Terrence Williams

Travis Hunter or Ashton Jeanty? Fans are clear on who deserves the Heisman

[ Mon, Dec 02nd 2024 ] - Terrence Williams

M6 Knockout Stage: Schedule, results, format, where to watch

[ Mon, Dec 02nd 2024 ] - Tim Hastings

Pueblo high school students collaborate with technology industry professionals

[ Mon, Dec 02nd 2024 ] - Aaron Neefham

About New Scientist magazine

[ Mon, Dec 02nd 2024 ] - Aaron Neefham

SmartDV Licenses SDIO IP to RANiX for V2X Solutions

[ Mon, Dec 02nd 2024 ] - Thomas Matters

Buying ASX 200 dividend stocks? Here's what to expect in 2025

[ Mon, Dec 02nd 2024 ] - Bill Williamson

Partnership of promise

[ Mon, Dec 02nd 2024 ] - Bill Williamson

Art Cashin, Wall Street veteran and CNBC regular, dies at age 83

[ Mon, Dec 02nd 2024 ] - Bill Williamson

The Bill Gates Foundation Bought 1,000,000 Shares .. 3 2024 And They're Both In The Same Sector - Why?

[ Mon, Dec 02nd 2024 ] - Hubert Carizone

This Lesser-known Colorado Ski Area Is Perched Al .. de and Gets 350 Inches of All-natural Snow a Year

[ Mon, Dec 02nd 2024 ] - Terrence Williams

Canadian women set for South Korea friendly, the final test of a tumultuous 2024

[ Mon, Dec 02nd 2024 ] - Michael Jones

Last Minute Walmart Cyber Monday Deals Are Still Happening, Like $300 Off an iRobot Vacuum

[ Mon, Dec 02nd 2024 ] - Michael Jones

2024 Ghana Election: Despite And Ofori Sarpong Cast Ballots In The Special Voting Exercise, Video

[ Mon, Dec 02nd 2024 ] - Phil Bruner

Fitbit's best cheap smartwatch is even better after an $80 discount

[ Mon, Dec 02nd 2024 ] - Phil Bruner

Philippines' first, biggest health and wellness festival for teachers staged

[ Mon, Dec 02nd 2024 ] - Tim Hastings

Biden administration hits out at China's chip industry with export controls

[ Mon, Dec 02nd 2024 ] - Thomas Matters

Why Wolfspeed Stock Is Soaring Today

[ Mon, Dec 02nd 2024 ] - Aaron Neefham

SmartDV Licenses SDIO IP Family to RANiX for V2X Products

[ Mon, Dec 02nd 2024 ] - Thomas Matters

1 Historically Cheap Stock-Split Stock to Buy Han .. Artificial Intelligence (AI) Stock Split to Avoid

[ Mon, Dec 02nd 2024 ] - Thomas Matters

Peter Brandt Hints At Litecoin Price Rally To $420 Mirroring XRP's Path

[ Mon, Dec 02nd 2024 ] - Thomas Matters

Nvidia Bought 6 Artificial Intelligence (AI) Stocks, but This 1 Has Soared the Most

[ Mon, Dec 02nd 2024 ] - Bill Williamson

LinkedIn Has A Few AI Features For Users To Try (And Here's How To Use Them)

[ Mon, Dec 02nd 2024 ] - Bill Williamson

South Africa is the perfect destination for outsourcing software development

[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

Full List of Kash Patel's 'Government Gangsters' Who Could Be Targeted

[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

Stephanie Colestock

[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Aaron Neefham

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

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[ Mon, Dec 02nd 2024 ] - Terrence Williams

Arsenal host holders Man Utd in FA Cup third round

[ Mon, Dec 02nd 2024 ] - Terrence Williams

Four Potential Destinations Revealed For USC Transfer Quarterback Miller Moss

[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Michael Jones

Times Wins Multiple L.A. Press Club National Arts and Entertainment Journalism Awards

[ Mon, Dec 02nd 2024 ] - Phil Bruner

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[ Mon, Dec 02nd 2024 ] - Brian Stokes

California won't aid Trump's massive deportation plans because it legally can't, says senator

[ Mon, Dec 02nd 2024 ] - Bill Williamson

JPMorgan's investment banking chair departs, memo says

[ Mon, Dec 02nd 2024 ] - Brian Stokes

Keir Starmer says Tories 'turned their back' on world - and vows to meet 'more dangerous age'

[ Mon, Dec 02nd 2024 ] - Brian Stokes

Kash Patel Has Plan to Remake the F.B.I. Into a Tool of Trump

[ Mon, Dec 02nd 2024 ] - Terrence Williams

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[ Mon, Dec 02nd 2024 ] - Michael Jones

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

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[ Mon, Dec 02nd 2024 ] - Thomas Matters

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[ Mon, Dec 02nd 2024 ] - Bill Williamson

America's biggest private company is laying off thousands of workers

[ Mon, Dec 02nd 2024 ] - Bill Williamson

Insurance cost to drop if GST Council lowers taxes: Finance Minister

[ Mon, Dec 02nd 2024 ] - Bill Williamson

Banks behind troubled Brazil coffee traders could take $181 mln hit

^{Published on 2024-12-02 19:00:49 - Bill Williamson, WOPRAI}

Banks which financed two Brazilian coffee traders that last week sought court-supervised debt restructuring have a total of 1.1 billion reais ($181.6 million) in credit with the firms, court documents seen by Reuters showed on Monday.

The article from Reuters discusses the financial strain on banks due to the collapse of Brazil's coffee trading sector. It highlights that banks, including major players like Rabobank, could face losses up to $181 million due to the default of several coffee trading firms in Brazil. The crisis was triggered by a combination of factors including a sharp drop in coffee prices, high leverage, and speculative trading. Notably, companies like Cooxupe, a cooperative, and other traders like Terra Forte and Carvalhas have either defaulted or are in financial distress. This situation has led to significant losses for banks, with Rabobank alone potentially facing a $50 million hit. The article also mentions that the Brazilian government and financial institutions are working on solutions to mitigate the impact, including potential restructuring of debts and new financing options for the sector.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/banks-behind-troubled-brazil-coffee-traders-could-take-181-mln-hit-2024-12-02/ ]

N@N

Banks behind troubled Brazil coffee traders could take $181 mln hit