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US charges second Frank college aid executive with defrauding JPMorgan
By Luc Cohen NEW YORK (Reuters) - U.S. prosecutors on Wednesday unveiled an indictment charging Olivier Amar, who helped run college financial aid startup Frank, with defrauding JPMorgan Chase into bu...
Syndicated Content Jul 12, 2023
Kia to invest $200 million in Georgia plant, build EV9 SUV in 2024
(Reuters) - Kia said Wednesday it will invest more than $200 million in its assembly plant in the U.S. state of Georgia to begin production of its electric EV9 SUV next year. The Korean automaker said...
Syndicated Content Jul 12, 2023
US to decide whether to OK GM self-driving car deployment plan
WASHINGTON (Reuters) - A top U.S. auto safety official said Wednesday regulators will soon decide on a petition filed by General Motors and its self-driving technology unit that seeks permission to de...
Syndicated Content Jul 12, 2023
Meta to contest EU antitrust charges at July 13 hearing
By Foo Yun Chee BRUSSELS (Reuters) - Facebook owner Meta will contest EU antitrust charges at a closed hearing on Friday in a bid to stave off a possible hefty fine after regulators charged it with ty...
Syndicated Content Jul 12, 2023
SF Fed Paper warns key inflation measure may prove hard to tame
By Michael S. Derby NEW YORK (Reuters) - If economic trends that existed before the coronavirus pandemic reassert themselves, a modest cooling in the labor market may not be enough to bring down a key...
Syndicated Content Jul 12, 2023
White House economic official Brainard: inflation on moderating path
(Reuters) - National Economic Council Director Lael Brainard on Wednesday said the latest U.S. economic data shows that upward price pressures can and are receding without a surge in unemployment that...
Syndicated Content Jul 12, 2023
G20 finance chiefs set to discuss reforms to development banks, crypto, debt
NEW DELHI (Reuters) - Finance ministers and central bank governors of the G20 member nations are set to meet and discuss reforms to multilateral development banks, a framework for crypto assets and de...
Syndicated Content Jul 12, 2023
IMF board approves Pakistan bailout programme
(Reuters) - The board of the International Monetary Fund (IMF) approved a $3 billion, nine-month bailout programme for Pakistan on Wednesday, the IMF said. Pakistan and the Fund had reached a staff le...
Syndicated Content Jul 12, 2023
Chile govt lowers forecast for 2023 economic growth
SANTIAGO (Reuters) - Chile's government now expects gross domestic product (GDP) to grow 0.2% in 2023, Finance Minister Mario Marcel told the Senate on Wednesday, revising its forecast down from a pre...
Syndicated Content Jul 12, 2023
Explainer-Why is the U.S. SEC reforming money market funds?
By Michelle Price WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Wednesday finalized long-awaited regulations to improve the resilience and transparency of the roughly $5....
Syndicated Content Jul 12, 2023
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