UBS targets cost cuts of $10 billion as it absorbs Credit Suisse
UBS said Thursday that it expected to generate $10 billion in savings from a sweeping overhaul of the new global banking giant created by its emergency rescue of stricken rival Credit Suisse earlier this year.
2023-08-31 14:20
China Central Bank Meets With Private Firms, Pledges Funding
The People’s Bank of China met with lenders and private businesses on Wednesday, pledging to improve their access
2023-08-31 11:55
Oil Holds Gain After US Crude Inventories Post Large Decline
Oil held gains after a five-day advance driven by a slump in US inventories and speculation that OPEC+
2023-08-31 11:52
New York says Trump should be found liable for fraud, even before a trial
By Jonathan Stempel NEW YORK (Reuters) -New York's attorney general on Wednesday asked a state judge to declare, even before
2023-08-31 07:24
Factbox-Big names in Big Tech to attend AI forum of US Senate's Schumer
By Kanishka Singh and Richard Cowan U.S. Senate Majority Leader Chuck Schumer will host tech leaders and experts
2023-08-31 06:19
Salesforce lifts annual forecast as business software demand stays strong
(Reuters) -Salesforce raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it benefits from a
2023-08-31 04:59
US asks Mexico to review cargo airline pilots' rights
The United States is asking Mexico to review whether the labor rights of pilots at a small cargo
2023-08-31 04:21
Sam Bankman-Fried could have FTX fraud trial delayed
By Luc Cohen and Jonathan Stempel NEW YORK A U.S. judge said on Wednesday he would consider delaying
2023-08-31 03:46
Millions of salaried workers would get overtime pay under Biden administration proposal
Some 3.6 million salaried workers would newly qualify for overtime pay under a proposed rule unveiled by the US Department of Labor on Wednesday. It would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year.
2023-08-31 03:27
Short U.S. housing correction likely over; tight supply to keep prices high: Reuters poll
By Prerana Bhat BENGALURU A short U.S. housing market correction is now over, according to property analysts polled
2023-08-31 02:59
US restricts exports of some Nvidia chips to Middle East countries -filing
(Reuters) -The U.S. government has imposed restrictions on some Nvidia artificial intelligence chip exports to certain countries in the Middle
2023-08-31 02:46
Fed can stop hiking rates if economy slows at current pace, Rosengren says
By Lisa Pauline Mattackal The Federal Reserve can end its interest rate hiking cycle if the labor market
2023-08-31 02:26