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Fed lays out proposed changes bank stress tests

WASHINGTON (Reuters) -The U.S. Federal Reserve unveiled plans Friday to make its models and scenarios for subjecting large banks to annual “stress tests” publicly available and responsive to feedback, a major shift in its efforts to make the tests more transparent. The proposed changes, which ...
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Bosch warns production at risk as Nexperia dispute hits auto suppliers

By Rachel More BERLIN (Reuters) -German auto parts supplier Bosch is preparing to furlough staff at its Salzgitter plant if a trade dispute between China and the Netherlands over Dutch chipmaker Nexperia is not resolved soon, amid mounting concerns in Europe’s beleaguered car industry. Bosch and ...
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Government shutdown likely means no inflation data next month for 1st time in decades

WASHINGTON (AP) — The government shutdown now in its fourth week likely means there won’t be an inflation report next month for the first time in more than seven decades, the White House said Friday, leaving Wall Street and the Federal Reserve without crucial ...
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Trump says a Canadian ad misstated Ronald Reagan’s views on tariffs. Here are the facts and context

WASHINGTON (AP) — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs — Trump’s favorite ...
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Crisis-hit Porsche swings to $1.1 billion quarterly loss

By Rachel More BERLIN (Reuters) -Porsche swung to a wider-than-expected operating loss in the third quarter, it said on Friday, plunging the German sports car maker deeper into crisis as it changes course on electric vehicles and battles to stem sinking sales in top market ...
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US launches investigation into China’s compliance with 2020 trade deal

WASHINGTON (Reuters) -The U.S. Trade Representative on Friday announced the start of an investigation into China’s implementation of a trade deal signed during President Donald Trump’s first term. “The initiation of this investigation underscores the Trump Administration’s resolve to hold China to its Phase One ...
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Ontario premier doesn’t back down against Trump, posts video of Reagan opposing tariffs

TORONTO (AP) — The leader of Canada’s most populous province posted remarks by former U.S. President Ronald Reagan on social media on Friday showing Reagan opposed tariffs, hours after President Donald Trump announced he’s ending “all trade negotiations” with Canada because of a television ...
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Social Security unveils cost-of-living adjustment for 2026. Here’s what to know.

(NEW YORK) -- Social security benefits will rise 2.8% starting in January, amounting to an additional $56 per month for 75 million recipients, the Social Security Administration (SSA) said on Friday.The cost-of-living adjustment for 2026, known as COLA, came in slightly higher than the ...
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Brussels to host EU-China talks on rare earth export controls

BRUSSELS (Reuters) -European Union and Chinese officials will meet in Brussels next week looking to smooth trade tensions, notably China’s expansion of controls on rare earth exports that threaten to damage important EU manufacturing sectors such as the automotive industry. European Trade Commissioner Maros Sefcovic ...
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Baker CEO says 2025 resilience driven by AI growth, sees oil investment slowdown

By Arunima Kumar (Reuters) -Baker Hughes CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity. Simonelli said the company remains confident ...
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JPMorgan names BofA veteran chair of investment banking and M&A, memo shows

(Reuters) -JPMorgan Chase has appointed Bank of America executive Kevin Brunner as the global chair of investment banking and M&A, according to an internal memo seen by Reuters on Friday. The largest U.S. lender by assets has been bolstering its investment banking leadership as ...
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BP reports power restored after outage at 440,000-bpd refinery in Whiting, Indiana

By Nicole Jao NEW YORK (Reuters) -BP said on Friday power had been restored at its 440,000 barrel-per-day oil refinery in Whiting, Indiana, after an external power outage prompted a temporary evacuation at the plant. “We activated our emergency response team and evacuated personnel out of ...
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