Category Archives:
Shares in Visa, Mastercard slide on expected Federal Reserve fee cap proposal
By Pete Schroeder WASHINGTON (Reuters) - Shares in Visa and Mastercard slid on Wednesday on news the U.S. Federal Reserve is expected to propose lowering the fees banks can charge retailers for proces...
Oct 18, 2023
Amazon rolls out robotic system at Houston warehouse to speed up deliveries
(Reuters) - Amazon.com said on Wednesday it was using a robotic system at one of its Houston warehouses to improve inventory management and speed up deliveries, building on its years-long bet that aut...
Oct 18, 2023
Forest loss from SE Asia rubber is up to 3 times more than thought – study
SINGAPORE (Reuters) - Forest loss driven by rubber production in Southeast Asia could be two to three times higher than estimated, highlighting the challenges facing importers under pressure to find s...
Oct 18, 2023
Exclusive-G7 to discuss four versions of Russian diamond ban this week- sources
By Julia Payne BRUSSELS (Reuters) - G7 countries will this week discuss four plans to ban Russian diamonds from G7 markets from Jan. 1, from light-touch self-regulation to strict import measures, layi...
Oct 18, 2023
ChatGPT creator OpenAI partners with Abu Dhabi’s G42 as UAE scales up AI adoption
(Reuters) - ChatGPT creator OpenAI has partnered with G42, the Abu Dhabi-based tech conglomerate said on Wednesday, in a push to drive artificial intelligence adoption in the United Arab Emirates and ...
Oct 18, 2023
ECB starts preparation for digital euro in multi-year project
By Francesco Canepa FRANKFURT (Reuters) - The European Central Bank took a further step on Wednesday towards launching a digital version of the euro that would let people in the 20 countries that shar...
Oct 18, 2023
State Street profit beats estimates as fee income, assets under management rise
(Reuters) - State Street beat analysts' estimates for third-quarter profit on Wednesday, helped by a rise in fee income and assets under management at the custodian bank. Global equity markets have re...
Oct 18, 2023
US SEC set to propose limits on brokerage trading rebates
(Reuters) - Wall Street's top regulator on Wednesday is set to propose new regulations officials say should level the playing field among broker-dealers operating on U.S. stock exchanges by ending pri...
Oct 18, 2023
Stellantis aims to rival Ford in commercial vehicles with sales growth
By Giulio Piovaccari BALOCCO, Italy (Reuters) - Automaker Stellantis aims to increase sales of its light commercial vehicles (LCV) by 25% through 2027 to catch up with global market leader Ford, the u...
Oct 18, 2023
NY Fed finds modest economic impact from restart of student loan payments
By Michael S. Derby NEW YORK (Reuters) - The resumption of student loan payments should have only a modest impact on U.S. consumer spending levels, the Federal Reserve Bank of New York said on Wednesd...
Oct 18, 2023
Peoria, IL, USA
52 °F Overcast
