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NEW YORK (Reuters) – The International Monetary Fund said on Wednesday it would prefer that Argentina’s government, which announced a $1 billion buyback of foreign currency bonds, not undermine the targets of their multi-billion-dollar program. “We do have targets in the program for reserves. Reserves are scarce, and we would prefer not to have actions …

IMF tells Argentina not to risk ‘scarce’ reserves after bond buyback Read More »

By Douglas Gillison and David Shepardson WASHINGTON (Reuters) -The White House on Wednesday unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple Inc and Google parent Alphabet Inc charge on mobile app stores. The move is part of a larger policy drive to promote competition in consumer markets, …

Biden moves to slash U.S. credit card fees, app charges Read More »

WASHINGTON(Reuters) – U.S. manufacturing contracted further in January as higher interest rates stifled demand for goods, but factories did not appear to be laying off workers in large numbers. The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI dropped to 47.4 last month from 48.4 in December. The third straight monthly …

U.S. manufacturing sector sinks further in January – ISM Read More »

By Milana Vinn (Reuters) – Rapid7 Inc, the cybersecurity firm that hired Twitter Inc whistleblower Peiter Zatko last month, is exploring options that include a possible sale after attracting acquisition interest, according to people familiar with the matter. The Boston-based company is working with investment bank Goldman Sachs Group Inc as it considers approaches from …

Exclusive-Cybersecurity firm Rapid7 explores sale -sources Read More »

By Brendan O’Brien (Reuters) -National Football League quarterback Tom Brady, who won seven Super Bowls and is widely considered the greatest quarterback in league history, said on Wednesday that he was retiring, a year after he made the same announcement only to change his mind weeks later. “I am retiring for good,” Brady said in …

NFL great Tom Brady says he is retiring ‘for good’ Read More »

By Aditya Soni (Reuters) – Shares of Advanced Micro Devices Inc rose nearly 7% on Wednesday after the U.S. chipmaker’s upbeat earnings showed that it was making up for a personal-computer slump with gains in the lucrative data center market. At least 11 analysts lifted their ratings on the stock, cheering results that defied the …

AMD shares jump as earnings defy collapse seen at Intel Read More »

(Reuters) – Match Group Inc said on Wednesday it would lay off about 8% of its workforce, a day after it forecast first-quarter revenue below Wall Street expectations. The company has already cut jobs in the United States and the process is ongoing in other countries, Chief Financial Officer Gary Swidler said on the earnings …

Tinder owner Match to cut staff by about 8% after downbeat forecast Read More »

(Reuters) – Airlines canceled over 1,800 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia. A total of 1,897 flights within, into or out of the United States were canceled, while 750 flights were delayed as of 8.41 a.m. ET, according to flight-tracking website FlightAware. “This …

Airlines cancel over 1,800 U.S. flights as ice storm hits multiple states Read More »

TORONTO (Reuters) – Canadian manufacturing activity expanded in January for the first time in six months as an uptick in domestic demand led to firms increasing production and inflation pressures showed signs of easing, data showed on Wednesday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 51.0 in January …

Domestic demand helps Canadian factory sector rebound in January Read More »

(Reuters) – A U.S. woman was detained and fined by a Russian court on Wednesday for walking a calf on Moscow’s Red Square that she said she had bought to save from slaughter, Russian state media reported. Alicia Day, 34, was fined 20,000 roubles ($285) for obstructing pedestrians in an unauthorised protest and sentenced to …

U.S. woman detained in Russia after walking calf on Red Square Read More »