By Jorge Otaola BUENOS AIRES (Reuters) -The Argentine government will send a delegation next week to Washington in a bid to finalize the renegotiation of its $44 billion loan with the International Monetary Fund (IMF), a source involved in the talks told Reuters on Friday. The delegation had initially planned to travel as early as…
By Emma Farge GENEVA (Reuters) -Robots presented at an AI forum said on Friday they expected to increase in number and help solve global problems, and would not steal humans’ jobs or rebel against us. But, in the world’s first human-robot press conference, they gave mixed responses on whether they should submit to stricter regulation….
By David Carnevali NEW YORK (Reuters) – Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday. Birchenough last served as vice chairman of biopharma investment banking at Wells Fargo. A…
By Sinéad Carew NEW YORK (Reuters) – MSCI’s global equity index ended Friday’s session virtually unchanged while the dollar was lower as government data showed that U.S. jobs growth slowed more than expected in June, easing worries about the outlook for Federal Reserve rate hikes. But while investors appeared to hold out hope for a…
(Reuters) – Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and industrial lending ticked down, Federal Reserve data released on Friday showed. Bank credit rose to $17.31 trillion in the week ending June 28, from $17.29 trillion a week earlier, on a non-seasonally adjusted basis. On…
BEIJING (Reuters) – The United States is seeking a healthy competition with China based on fair rules that benefit both countries, not a “winner-take-all” approach, U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang in a meeting in Beijing on Friday. Yellen, in prepared remarks, told Li she hoped her visit would spur more…
BRASILIA (Reuters) – Brazil’s lower house passed a bill on Friday aimed at raising the bar for companies to win challenges to their tax bills, delivering a win for the government of President Luiz Inácio Lula da Silva as it strives to bolster revenue and achieve fiscal balance. The proposal, which has now advanced to…
By Safiyah Riddle (Reuters) – The U.S. Black unemployment rate hit a 10-month high in June, driven in large part by Black workers leaving the labor market, a development some economists worry may be a “canary in the coal mine” that may mean a recession is approaching. The Labor Department’s closely watched monthly employment report…
By Ross Kerber (Reuters) – A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world’s largest asset manager. In a letter dated July 6 and provided to Reuters on Friday by a representative of Montana Attorney General Austin Knudsen, the group reviewed longstanding…
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar slumped on Friday after signs of a less resilient U.S. labor market reduced the outlook for how long the Federal Reserves will keep interest rates higher, while the yen surged on concerns the 10-year Treasury’s yield rose above 4%. The U.S. economy added the…
