The federal government is issuing $8.8 billion for Home Energy Rebates programs through states, territories and tribes, which must apply for the funding. The U.S. Department of Energy approved the first application for New York on April 18, awarding it an initial $158 million.…
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VIENNA, April 21 (Reuters) – Layoffs under Swiss banking giant UBS’s (UBSG.S), opens new tab cost-cutting programme announced after its takeover of Credit Suisse will take place in five waves this year starting in June, newspaper SonntagsZeitung reported on Sunday. UBS declined…
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April 22 (Reuters) – Australian financial conglomerate Macquarie Group (MQG.AX), opens new tab said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home…
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MILAN, April 18 (Reuters) – Italy’s top insurer Generali (GASI.MI), opens new tab said on Thursday it was reorganising to focus on its two core businesses and streamline its geographical layout to be ready for the new strategic cycle. The company, which…
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HONG KONG, April 17 (Reuters) – (This April 16 story has been refiled to correct grammar in paragraph 6) Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as…
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The strengthening of the US dollar has emerged as a significant concern for countries worldwide, triggering alarm bells not only in emerging economies (EMs) but also in advanced industrialized countries. The currencies of the G20 group of major economies are almost all depreciating against…
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LONDON, April 16 (Reuters) – UK digital bank Zopa says it welcomes regulatory scrutiny on Britain’s motor finance industry but does not expect its business to be affected unless the scope of the watchdog’s review is broadened. WHY IT’S IMPORTANT…
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April 15 (Reuters) – A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will be able to cut rates this year compared to other central banks. The U.S. dollar index (.DXY),…
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April 15 (Reuters) – JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon has sold about $33 million of his shares in the bank, a regulatory filing showed on Monday, completing a previously disclosed plan to sell 1 million shares. Last October,…
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April 15 (Reuters) – Goldman Sachs (GS.N), opens new tab profit rose 28% in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported on Monday. Profit rose to $4.13 billion, or…
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