By Pete Schroeder WASHINGTON (Reuters) – The top regulatory official for the U.S. Federal Reserve said cryptocurrency technology still could have “potential transformative” effects o[...]
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March 9, 2023
OpenAI to enable more customizations for enterprise and individual users
By Krystal Hu (Reuters) – OpenAI, the creator of the buzzy chatbot ChatGPT, will release tools to give users more control over the generative AI system, while improving the models for both gener[...]
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Oil prices slip 1% to two-week low on recession worries
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 1% to a two-week low on Thursday on increased worries the U.S. Federal Reserve may go too far with its interest rate hikes to control inflat[...]
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ASML, China customers haunted by uncertainty on new Dutch chip export rules
By Toby Sterling and Philip Blenkinsop AMSTERDAM (Reuters) – The Dutch government has not yet defined crucial aspects of new restrictions on chip-technology exports to China including whether AS[...]
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Visa, Mastercard pause work on new payments code for firearms sellers
By Ross Kerber (Reuters) -Top payment networks Visa Inc and Mastercard Inc said on Thursday they have paused work on implementing a new sales code for gun merchants, citing Republican pushback in vari[...]
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Ex-Goldman banker Ng sentenced to 10 years prison in 1MDB corruption case
By Luc Cohen NEW YORK (Reuters) -Former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison on Thursday, after he was convicted of helping loot billions of dollars from Malaysia’s[...]
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GE sees aviation revenue boost from jet engines; shares hit highest since 2018
By Rajesh Kumar Singh and Abhijith Ganapavaram CINCINNATI, Ohio (Reuters) -General Electric Co forecast revenue at its cash-cow aviation business to grow by at least low-double digits through 2025, se[...]
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Credit Suisse delays annual report after SEC call, shares drop
By Noele Illien and Oliver Hirt ZURICH (Reuters) -Credit Suisse has postponed publication of its annual report after a last-minute call from the United States Securities and Exchange Commission (SEC),[...]
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Nissan downgrade seen as start of ‘fallen angels’ cycle
By Matt Tracy WASHINGTON (Reuters) – The downgrade of Nissan Motor’s credit rating from investment grade to junk by S&P Global on Tuesday marks the start of a cycle that could see as m[...]
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