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(Reuters) -The U.S. Federal Reserve’s regional bank presidents responded to criticism of their ethics rules by Democratic Senator Elizabeth Warren with a joint letter welcoming a review of the matter by the Fed’s Board of Governors and pledging to make any changes that result from that process.FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, […]
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(Reuters) -The U.S. Federal Reserve’s regional bank presidents responded to criticism of their ethics rules by Democratic Senator Elizabeth Warren with a joint letter welcoming a review of the matter by the Fed’s Board of Governors and pledging to make any changes that result from that process.FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, […]
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Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer's shares rose 2.2% in the premarket after beating on the top and bottom lines for the third quarter and raising its full-year earnings forecast. UnitedHealth earned $4.52 per share, 11 cents above consensus, helped by revenue gains at its Optum drug benefits unit. Bank of […]
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TORONTO, Oct 14 (Reuters) – A recent move by major Canadian banks to increase fixed mortgage rates on the back of surging bond yields is unlikely to slow the country’s red hot housing market, as more than half of new borrowers take out variable-rate loans that are the cheapest they’ve ever been. The market share of new variable-rate mortgages surged […]
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)US stocks have stumbled lower in recent weeks as investors try to assess the threat posed by snarled supply chains, a global energy crisis and rising inflation that could prompt central banks to pull back […]
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ANZ Bank has settled a case brought by a bitcoin trading platform operator who alleged he was discriminated against over the bank’s decision to cancel his bank accounts because he ran a cryptocurrency trading business. Canberra-based bitcoin trader Allan Flynn launched action in the ACT Civil and Administrative Tribunal against ANZ and Westpac alleging both banks breached his human rights […]
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SYDNEY (Reuters) -Melbourne will exit months of COVID-19 lockdown next week helped by a faster-than-expected vaccine uptake, Victoria state Premier Daniel Andrews said on Thursday, ahead of schedule even though daily infections hit a record the same day.FILE PHOTO: A lone woman, wearing a protective face mask, walks across a city centre bridge as the state of Victoria looks to […]
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(Reuters) – U.S. Food and Drug Administration scientists said on Wednesday they did not receive enough data in time to do their own analysis of Johnson & Johnson’s application for a booster dose of its COVID-19 vaccine, but the agency’s review of company studies raised some red flags.FILE PHOTO: A vial of Johnson & Johnson’s Janssen coronavirus disease (COVID-19) vaccine […]
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(Reuters) – Private equity firm Francisco Partners has agreed to invest in legal software platform Paradigm in a deal that valued the firm at $400 million, people familiar with the matter told Reuters. The deal is the latest bet on the legal technology sector from Francisco Partners, which earlier this year took online legal platform LegalZoom Inc. public. Francisco Partners […]
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Earlier this week China’s corruption watchdog launched an investigation into 25 of the country’s biggest financial institutions and their regulators. On past experience that could have convulsive consequences. On Monday, the Central Commission for Discipline Inspection began a two-month audit of a number of big state-owned banks, insurers, China’s bad-debt managers, the People’s Bank of China, the China Banking and […]
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