JPMorgan to buy almost $2 billion of mortgages in the PacWest deal – source
(Reuters) -JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California’s purchase of…
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Ukraine counteroffensive is moving, US says while pledging support
By Trevor Hunnicutt and Kanishka Singh WASHINGTON (Reuters) – Ukraine’s counteroffensive is “not a stalemate” even if it is not…
U.S. urges appeals court to lift curbs on social media contacts
By Brendan Pierson (Reuters) – The Biden administration has asked a federal appeals court to lift an order sharply curbing…
Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday he expects the basic interest rate to fall to…
First delivery of Boeing 737 MAX 7 delayed to 2024 -US SEC filing
By Valerie Insinna and David Shepardson (Reuters) – Boeing’s first delivery of the 737 MAX 7 has been delayed to…
Fed’s Powell: A September rate rise is possible if data warrants action
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday at a press conference it’s…
Oil falls 1% after Fed rate hike, smaller-than-expected US crude stockdraw
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices fell about 1% on Wednesday, after data showed U.S. crude inventories fell…
Bank of Canada discussed delaying rate hike at last meeting -minutes
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada discussed delaying a hike to its key overnight…
Factbox-U.S. state abortion legislation to watch in 2023
By Gabriella Borter and Sharon Bernstein (Reuters) – State legislatures are wrestling with how much to restrict or expand abortion…
U.S. seeks detention of FTX’s Sam Bankman-Fried pending trial
NEW YORK (Reuters) – Federal prosecutors in New York on Wednesday asked a judge to order Sam Bankman-Fried to be…