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(Reuters) -Citigroup Inc’s chief financial officer Mark Mason said that the lender would adjust its investment banking headcount as necessary, Bloomberg News reported on Wednesday. Citigroup, which has been boosting its investment banking division by hiring for sectors including energy and biotechnology over the years, is considering changing the pace of some of its investments …

Citigroup to recalibrate investment banking workforce as required- Bloomberg News Read More »

BEIJING (Reuters) -China’s annual consumer inflation slowed down in February as consumers remained cautious despite the abandonment of strong pandemic controls late last year, official data showed on Thursday. Producer deflation extended into a fifth month. The consumer price index (CPI) for the month was 1.0% higher than a year earlier, rising at the slowest …

China consumer inflation slowest in a year; producer deflation deepens Read More »

By Ross Kerber (Reuters) -Legislation pending in the U.S. state of Kansas to stop the use of environmental, social or governance (ESG) considerations by public contractors would reduce state pension system returns by $3.6 billion over 10 years, a new fiscal analysis shows. The note issued by the state’s Division of the Budget on March …

Kansas anti-ESG bill could cut pension returns $3.6 billion -analysis Read More »

(Reuters) -Opko Health Inc said on Wednesday it signed a deal with Merck & Co Inc potentially worth up to $922.5 million for its experimental Epstein-Barr virus vaccine. Shares of Opko rose as much as 24%, before paring gains to trade 9.4% higher at $1.16. Merck will take over the clinical and regulatory activities related …

Opko Health shares rise on Merck deal for experimental Epstein-Barr vaccine Read More »

WASHINGTON (Reuters) – U.S. President Joe Biden’s budget for fiscal 2024 will be released on Thursday. While the document is always a bit of a wish list, and especially so given the current divided Congress, the Democratic president’s spending and revenue priorities will be key factors in upcoming negotiations with Republicans over raising the debt …

Factbox-What’s in Biden’s budget: taxes on buybacks, rail safety, childcare Read More »

By Sarah N. Lynch and Rami Ayyub WASHINGTON (Reuters) -The Louisville, Kentucky, police force routinely discriminates against Black residents, uses excessive force and conducts illegal searches, the U.S. Justice Department said on Wednesday, following a probe prompted by Breonna Taylor’s killing in 2020. The department’s findings come nearly two years after U.S. Attorney General Merrick …

Louisville police discriminate against Black people, US Justice Dept says Read More »

U.S. President Joe Biden will propose a budget that would scrap oil and gas industry subsidies, according to a document seen by Reuters, reviving a perennial debate about whether fossil fuel companies should be receiving lucrative tax breaks. While the proposal has little chance of making it through a divided Congress, it represents a political …

Factbox-Biden budget to target U.S. fossil fuel subsidies Read More »

By Trevor Hunnicutt WASHINGTON (Reuters) -When U.S. President Joe Biden rolls out his budget plans at a Philadelphia union hall on Thursday, he will highlight something that merited little mention during his last presidential campaign – a pledge to cut trillions from the government’s deficit. Biden ran in 2020 on putting money in people’s pockets and …

Analysis-Biden’s focus on deficit in budget is targeted at Republicans Read More »