Reuters USA

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina and the International Monetary Fund (IMF) are zeroing in on an agreement for more flexible currency reserves targets this year dependant on the South American country’s exports, a government source told Reuters on Friday. The indebted country, an important grains exporter, is going through a severe drought …

Argentina, IMF discussing export-linked reserve targets -govt source Read More »

By David Shepardson (Reuters) – Democratic Senator Elizabeth Warren has urged a U.S. regulator to reject Canadian Pacific’s $31 billion deal to take control of U.S. railroad Kansas City Southern, saying it would hurt competition, prompt job losses and disrupt service, a letter seen by Reuters showed. The acquisition, which combines the sixth- and seventh-largest …

Senator Warren urges transport regulator to block U.S. railroad deal Read More »

By Chris Prentice MIAMI (Reuters) -Companies may face steeper penalties for misconduct if they lack policies around employees’ use of personal cell phones and messaging apps, a top U.S. Justice Department official said on Friday. Federal prosecutors will be examining policies for such “off-channel” work communications when evaluating compliance programs, Kenneth Polite, the Assistant Attorney …

US Justice Dept warns of steeper penalties for firms that fall foul of messaging policies Read More »

WASHINGTON (Reuters) – The U.S. services sector grew at a steady clip in February, with new orders and employment rising to more than one-year highs, suggesting the economy continued to expand in the first quarter. The Institute for Supply Management (ISM) said on Friday that its non-manufacturing PMI dipped to 55.1 from a reading of …

US service sector steady in February – ISM survey Read More »

DETROIT/WASHINGTON (Reuters) – Ford Motor Co said Friday it is studying ways to boost output of gasoline-powered and hybrid F-150 trucks at a Michigan factory as part of a broader plan to boost production of several models. The No. 2 U.S. automaker said it is increasing production by more than 80,000 vehicles for its Bronco …

Ford looking at ways to boost gas-powered F-150 production Read More »

(Corrects date of Fed meeting in theme 4, par 23 to March 22 from March 16.) LONDON (Reuters) – It’s an action-packed week ahead for world markets again grappling with the prospect of major central banks hiking interest rates for longer to contain persistent inflation. U.S. Federal Reserve chief Jerome Powell testifies to Congress, while …

Take Five: A manic March Read More »

(Reuters) -Shares of artificial intelligence-based (AI) product makers zoomed on Friday, as a strong forecast from retail darling C3.ai Inc amplified an ongoing euphoria in the segment driven by the launch of OpenAI’s ChatGPT. C3.a1 forecast better-than-expected revenue and profit for both the fourth quarter and fiscal year 2023, after its third-quarter results topped Wall …

AI stocks surge as investors bet on growth prospects Read More »

(Reuters) – Meta Platforms said on Friday it would implement most of the recommendations made by its independent oversight board to its policy of exempting high-profile users from some of its content-related rules. The Facebook parent, however, rejected some suggestions to increase transparency and reduce bias toward content generated by public figures. The oversight board …

Meta tweaks its controversial ‘cross-check’ system for VIPs Read More »