Category Archives:
U.S. regulator fines U.S. Bancorp $37.5 million for opening sham accounts
(Reuters) - U.S. Bancorp was fined $37.5 million on Thursday by a U.S. regulator for illegally accessing customers' credit reports and opening checking accounts, savings accounts, credit cards and cre...
Jul 28, 2022
OPEC+ to weigh holding oil output steady or small hike, sources say
By Alex Lawler and Ahmad Ghaddar LONDON (Reuters) - OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, despite calls from the United States for more...
Jul 28, 2022
U.S. optimistic about next OPEC+ meet – administration official
By Maha El Dahan and Ghaida Ghantous DUBAI (Reuters) - The United States is optimistic that there could be some positive announcement when OPEC+ meets next week, a senior administration official said ...
Jul 28, 2022
Top U.S. corporate lobby sues Wall Street regulator over proxy rules
By Katanga Johnson WASHINGTON (Reuters) - The top U.S. corporate lobby group filed a lawsuit on Thursday against Wall Street's regulator over the agency's recent vote to rescind rules that critics sai...
Jul 28, 2022
Mexico’s Cemex posts earnings drop, cuts operating profit forecast
By Kannaki Deka and Isabel Woodford (Reuters) - Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings and lowered its full-year operating profit forecast...
Jul 28, 2022
Biden says it’s no surprise economy is slowing as Fed fights inflation
WASHINGTON (Reuters) - President Joe Biden said on Thursday it was no surprise that the U.S. economy was slowing as the Federal Reserve acts to bring down inflation, after data showed the economy cont...
Jul 28, 2022
Spanish ruling coalition proposes windfall tax on utilities and banks
By Christina Thykjaer and Jess Aguado MADRID (Reuters) - Spain's leftist ruling coalition introduced a draft bill on Thursday to create a temporary tax on banks and power utilities, aiming to raise 7 ...
Jul 28, 2022
Bhutan considering steps to avoid fallout of falling forex reserves -minister
By Gopal Sharma and Manoj Kumar KATHMANDU/NEW DELHI (Reuters) - Bhutan is considering several steps to contain adverse impacts on the economy following a fall in foreign exchange reserves, its economi...
Jul 28, 2022
Germany set to impose gas levy on consumers to support ailing importers
By Markus Wacket and Riham Alkousaa BERLIN (Reuters) -Germany is set to impose a levy on all gas consumers from Oct. 1 aimed at helping suppliers grappling with soaring gas import prices, a draft law ...
Jul 28, 2022
Canada welcomes U.S. bill to expand North American EV tax credits
By Steve Scherer OTTAWA (Reuters) -Canada on Thursday welcomed a deal reached by U.S. senators to back a bill that includes an expansion of tax credits for electric vehicles (EV) produced in North Ame...
Jul 28, 2022
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