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France s Finance Minister pledges renewed push to cut public spending -FT

(Reuters) - French Finance Minister Bruno Le Maire will take a more stringent approach to public finances, he told the Financial Times ahead of a June 19 conference expected to unveil large cuts in public expenditures. In an interview published on Wednesday, Le Maire promised a renewed push to cut public spending, saying France needed to stick to its debt reduction program after narrowly avoiding

OMV Petrom makes largest crude oil discovery in decades

BUCHAREST (Reuters) -Romanian oil and gas group OMV Petrom, majority-controlled by Austria's OMV, said on Tuesday it discovered new crude oil and natural gas deposits equal to about three quarters of its overall 2022 production. The deposits are the largest crude oil discovery OMV Petrom has made in decades, it said, and were found in southern Romania holding over 30 million barrerls of oil

U S to renew deportation relief for more than 300,000 immigrants

By Ted Hesson WASHINGTON (Reuters) -The United States will extend deportation relief and work permits through 2025 for more than 300,000 immigrants from El Salvador, Honduras, Nicaragua and Nepal but will not expand the program to cover additional people, the U.S. Department of Homeland Security (DHS) said on Tuesday. The move by President Joe Biden's administration maintains the status quo and

HSBC announces potential revised terms for stalled France sale

By Lawrence White LONDON (Reuters) -HSBC on Wednesday announced new potential terms that might pave the way for a strategically-important sale of its French retail banking business after the transaction stalled earlier this year on regulatory capital concerns. HSBC said the indirect shareholder of Cerberus-backed My Money Group, which is buying HSBC's French retail bank, will contribute 225

U S to renew deportation relief for more than 300,000 immigrants

By Ted Hesson WASHINGTON (Reuters) -The United States will extend deportation relief and work permits for more than 300,000 immigrants from El Salvador, Honduras, Nicaragua and Nepal, the U.S. Department of Homeland Security (DHS) said on Tuesday. The move by President Joe Biden's administration maintains the status quo and stops short of a broader expansion of the Temporary Protected Status (

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