US bank profits jump 11% in Q2 2024 as expenses shrink, FDIC says
WASHINGTON (Reuters) – The U.S. banking industry recorded $71.5 billion in profits in the second quarter of 2024, an 11.4%…
Ghana launches restructuring offer for $13 billion of its bonds
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana invited holders of roughly $13 billion of its international bonds to swap…
Cable news channel Newsmax confidentially files for US IPO
(Reuters) -Conservative U.S. cable news channel Newsmax said on Thursday it had confidentially filed for an initial public offering in…
Central American development bank sues former president in US court
(Reuters) – The Central American Bank for Economic Integration (CABEI) has filed a lawsuit against its former president in a…
Brazil’s central bank sees stronger growth, higher FX since latest policy meeting
BRASILIA (Reuters) – Brazil’s central bank’s director of economic policy said on Thursday that since their latest interest rate-setting meeting,…
Cash could stay attractive for months despite rate cuts, JP Morgan says
By Davide Barbuscia NEW YORK (Reuters) – Looming interest rate cuts may not immediately spur a rush out of cash-like…
The rise and fall of Canadian PM Trudeau’s political fortunes
(Reuters) – Canadian Prime Minister Justin Trudeau faces an uncertain future after the small party that has helped keep his…
OpenAI considers pricier subscriptions to its Chatbot AI, The Information reports
(Reuters) -OpenAI executives have discussed higher-priced subscriptions for upcoming large language models, such as its reasoning-focused Strawberry and a new…
AT&T makes final offer to striking CWA union
(Reuters) – Telecom operator AT&T (NYSE:T) has presented the Communications Workers of America’s bargaining committee with its final offer, the…
Brazil justice asks full Supreme Court to review challenge to X ban
BRASILIA (Reuters) – Brazilian Justice Nunes Marques has decided to ask the full Supreme Court to review a case filed…