TOPCMB

Visa revenue growth slows more as tough economy sobers spending

Jan 26 (Reuters) – Visa Inc’s (VN) revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in a tough economy. The world’s largest payments processor still surpassed Wall Street targets for profit, sending its shares up 1.4% to $227.82 in after-hours …

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US says it ‘hacked the hackers’ to bring down ransomware gang, helping 300 victims

WASHINGTON, Jan 26 (Reuters) – The FBI revealed on Thursday it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that allowed the bureau to thwart the group from collecting more than $130 million in ransomware demands from more than 300 victims . At a news conference, US Attorney General Merrick …

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Heavy snow causes havoc in Japan as cold snap sweeps through Asia

TOKYO, Jan 25 (Reuters) – Heavy snow blanketed wide swathes of Japan on Wednesday, snarling traffic, forcing hundreds of flight cancellations, disrupting train travel and leaving at least one person dead. An unusually cold weather front and extreme low pressure systems set snow falling and strong winds blowing across Japan from Tuesday after causing havoc …

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Indian university warns students not to screen BBC documentary on Modi

NEW DELHI, Jan 24 (Reuters) – A top Indian university has threatened strict disciplinary action if its students’ union carries out plans on Tuesday to screen a BBC documentary on Prime Minister Narendra Modi, saying the move might disturb peace and harmony on campus. Modi’s government has dismissed the documentary, which questioned his leadership during …

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EU gas price cap risks curbing market liquidity, regulators warn

BRUSSELS/AMSTERDAM, Jan 23 (Reuters) – The European Union’s gas price cap, which launches next month, could impact financial stability and potentially curb liquidity in Europe’s exchange-traded gas markets, the bloc’s financial and energy market regulators said on Monday. EU countries agreed in December to a gas price cap that, from Feb. 15, will kick in …

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Japan finmin warns of severe finances as BOJ struggles to contain yields

Japan’s finances intensified severity to unprecedented point Rounds of extra budget, stimulus measures aggravate finances Public finance is the cornerstone of a country’s trust -Finmin Economic revival comes first before fiscal reform in long run Parliament debate begins, all eyes on new BOJ governor nominee TOKYO, Jan 23 (Reuters) – Japan’s finances are becoming increasingly …

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Bank of Japan’s policy tweak drew rare request from government for a break

TOKYO, Jan 23 (Reuters) – Government officials who attended the Bank of Japan’s December policy meeting were given a half-hour adjournment to contact their ministries, minutes showed, underscoring the significance of the central bank’s decision to tweak its bond-market peg. At the Dec. 19-20 meeting, the BOJ kept its ultra-easy monetary policy but shocked markets …

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Yellen says setting price caps on Russian refined oil products ‘complicated’

DAKAR, Jan 21 (Reuters) – Western countries are working to structure price caps on Russian refined petroleum products to ensure continued flow of Russian diesel, but the markets are complicated and there is a chance things do not go to plan, Treasury Secretary Janet Yellen said. Group of Seven countries and Australia implemented a price …

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