By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase & Co executives expect the bank’s net interest income to rise by $3 billion this year on its takeover of failed First Republic Bank, which has made the biggest U.S. bank even bigger. CEO Jamie Dimon and other top executives are presenting their strategies at an investor…
BRASILIA (Reuters) – Brazil’s finance ministry forecast a primary budget deficit of 136.2 billion reais ($27.22 billion) this year, compared to 107.6 billion reais projected in March, according to its bi-monthly revenue and expenditure report released on Monday. According to the report, this year’s budget is 1.7 billion reais over the spending ceiling, indicating the…
SAN FRANCISCO (Reuters) -Bill Gates, Microsoft Corp’s co-founder, on Monday said the technology race to win is the development of the top artificially intelligent agent, poised to disrupt search-engine, productivity and online shopping sites. “You’ll never go to a search site again,” he said. “You’ll never go to Amazon.” Speaking at AI Forward 2023, an…
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s new 2,000-peso bill, the largest denomination note, went into circulation on Monday, though due to fast depreciation of the currency it is worth only $8.50 at the official exchange rate and just over $4 in commonly used parallel markets. The peso has shed around a quarter of…
By Luc Cohen NEW YORK (Reuters) -The young entrepreneur Charlie Javice pleaded not guilty on Monday to charges of defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021. Federal prosecutors in Manhattan said Javice, 31, repeatedly lied about her company to JPMorgan, including by claiming…
By Abu Arqam Naqash MUZAFFARABAD, Pakistan (Reuters) – Hundreds of people rallied in Pakistan-administered Kashmir on Monday to protest arch rival India’s decision to host a G20 tourism meeting in its part of the disputed Himalayan region, said a government official. New Delhi is hosting the key conference in Kashmir’s summer capital Srinagar from Monday…
By Elvira Pollina and Amy-Jo Crowley MILAN/LONDON (Reuters) – German media group ProSiebenSat.1 and European pay-TV operator Sky have revived talks over a combination of their businesses in Germany, four sources familiar with the matter said on Monday. German broadcasters are struggling to reshape their business to compete with online streaming players such as Netflix…
By Elvira Pollina and Amy-Jo Crowley MILAN/LONDON (Reuters) – German media group ProSiebenSat.1 and European pay-TV operator Sky have revived talks over a combination of their businesses in Germany, four sources familiar with the matter said on Monday. German broadcasters are struggling to reshape their business to compete with online streaming players such as Netflix…
MADRID (Reuters) – The European Central Bank still needs to raise its interest rates further and then leave them in restrictive territory for a while to bring inflation down to its medium-term goal of 2%, ECB policymaker Pablo Hernandez de Cos said on Monday. “The process of tightening our monetary policy is well underway, although,…
By Elvira Pollina and Amy-Jo Crowley MILAN/LONDON (Reuters) -German media group ProSiebenSat.1 and European pay-TV operator Sky have revived talks over a combination of their businesses in Germany, four sources familiar with the matter said on Monday. German broadcasters are struggling to reshape their business to compete with online streaming players such as Netflix and…
