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Ontario premier criticizes Trump after Stellantis says it will move production from Canada to the US

TORONTO (AP) — The leader of Canada’s most populous province called for economic retaliation on the U.S. after auto company Stellantis said it was moving planned production of its Jeep Compass from Canada to the U.S. Ontario Premier Doug Ford blamed U.S. President Donald Trump ...
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Australia central bank judging whether further easing needed, says RBA chief

By Wayne Cole SYDNEY (Reuters) -Australia’s top central banker said a pickup in consumer spending and higher readings on some parts of inflation had given policymakers pause to consider whether further interest rate cuts were needed. Speaking at a Nomura event in Washington on Wednesday local ...
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United Airlines forecasts highest-ever quarterly revenue on travel demand boost

By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines forecast stronger earnings in the current quarter on Wednesday as it expects rising travel demand and improved pricing power to produce the highest quarterly revenue in the company’s history. The Chicago-based airline expects an adjusted profit in the ...
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Bessent says IMF should stick to core mission, could sell Maryland golf course

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund could sell a golf course it owns in Maryland, U.S. Treasury Secretary Scott Bessent said on Wednesday, repeating his call for the global lender to focus on its core mission of helping countries ...
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Australia’s Westpac flags $177 million restructuring charge in second half of fiscal 2025

(Reuters) -Australian lender Westpac said on Thursday it had recognised a restructuring charge of A$273 million ($177.72 million) in the second half of fiscal 2025, as part of its productivity initiatives under its Fit for Growth program. The Fit for Growth program is a broader ...
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U.S. Bancorp forms dedicated unit for digital assets, money movement

(Reuters) -U.S. Bancorp said on Wednesday it had formed a new unit focused on digital assets and money movement to speed up development as well as grow the revenue from emerging digital products and services. Jamie Walker, a U.S. Bancorp veteran of more than 20 ...
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US is working on doubling aid to Argentina to $40 billion by tapping private funding sources

WASHINGTON (AP) — The Trump administration is looking to provide an additional $20 billion in financing for Argentina through a mix of financing from sovereign funds and the private sector. That would come on top of the $20 billion credit swap line that the ...
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Bank of America sued over alleged financial ties to Jeffrey Epstein

NEW YORK (Reuters) -A woman who says she was abused by the late financier and sex offender Jeffrey Epstein sued Bank of America on Wednesday, alleging the bank knowingly provided financial services that enabled his sex trafficking operation for years.  Bank of America declined to ...
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US economic activity little changed, employment stable in recent weeks, Fed says

(Reuters) -U.S. economic activity was little changed and employment was largely stable in recent weeks even as more businesses reported headcount reductions, the Federal Reserve said on Wednesday, reinforcing concerns about labor market softening.  “In most Districts, more employers reported lowering headcount through layoffs and ...
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US regulators poised to offer capital relief to community banks, Bloomberg News reports

(Reuters) -US regulators are set to release a plan to encourage small banks to lend more by easing a set of capital requirements, Bloomberg News reported on Wednesday, citing people familiar with the matter. The proposal would relax what is known as the community bank ...
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Mexico’s Pemex and powerful union agree to 4.5% pay increase

MEXICO CITY (Reuters) -Mexican state energy company Pemex said on Wednesday it had agreed with the powerful STPRM oil workers union on a 4.5% salary increase as part of the revision of the 2025-2027 collective bargaining agreement. Pemex did not specify the duration of the ...
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BNY Mellon sued over alleged financial ties to Jeffrey Epstein

NEW YORK (Reuters) -A woman who says she was abused by the late financier and sex offender Jeffrey Epstein sued Bank of New York Mellon on Wednesday, alleging the bank processed $378 million in payments to victims of his sex trafficking.   (Reporting by Luc ...
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