WASHINGTON—The Supreme Court on Thursday rejected a conservative-backed challenge that could have dismantled the Consumer Financial Protection Bureau, ruling that Congress had authority to insulate the agency’s funding stream from political interference. Justice Clarence Thomas, writing for a 7-2 court, said that Congress…
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MADRID, May 17 (Reuters) – Euro zone price pressures continue to ease, giving European Central Bank policymakers increased confidence inflation will ease back to target next year, ECB Vice-President Luis de Guindos said on Friday. “Headline inflation is there at…
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SYDNEY, May 16 (Reuters) – Anglo American (AAL.L), opens new tab has suspended hiring globally, it said on Thursday, as it gets plans underway to simplify itself and build value – and avert a $43 billion takeover bid by Australia’s BHP (BHP.AX), opens…
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BENGALURU, May 16 (Reuters) – India’s Hindustan Aeronautics Ltd (HAL) (HIAE.NS), opens new tab reported a rise in fourth-quarter profit on Thursday, helped by demand for its aircraft from the country’s defence ministry. Consolidated net profit rose 52% year-on-year to 43.09 billion…
Read moreMay 15 (Reuters) – Soros Fund Management, the family office of billionaire George Soros, dissolved its share stake in embattled lender New York Community Bancorp (NYCB.N), opens new tab and added positions in Goldman Sachs (GS.N), opens new tab and JPMorgan Chase (JPM.N), opens new…
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LONDON/MADRID, May 15 (Reuters) – Santander’s (SAN.MC), opens new tab Victor Matarranz is stepping down as global head of wealth management and insurance as the Spanish bank expands the business, two people with knowledge of the plans said on Wednesday. Santander plans…
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May 14 (Reuters) – What’s happened to the army of retail traders who used to drive bitcoin’s biggest rallies? U.S. crypto exchange Coinbase (COIN.O), opens new tab reported just $56 billion in consumer trading volumes in the first quarter of 2024, when…
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The Biden administration has told key lawmakers it is sending a new package of more than $1 billion in arms and ammunition to Israel, three congressional aides said Tuesday. It’s the first arms shipment to Israel to be announced by…
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FRANKFURT, May 15 (Reuters) – The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper functioning of markets, the European…
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FRANKFURT/VIENNA, May 15 (Reuters) – Raiffeisen Bank International (RBIV.VI), opens new tab was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings, according to a person who has…
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